1 day Ago By ABMN Staff
O-I Glass, Inc. ( NYSE:OI – Get Free Report ) was the target of unusually large options trading on Wednesday. Investors bought 2,354 call options on the stock.
This is an increase of approximately 3,039% compared to the typical daily volume of 75 call options. Wall Street Analysts Forecast Growth A number of research firms have recently weighed in on OI. UBS Group cut their price target on O-I Glass from $26.
00 to $18.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Truist Financial reissued a “buy” rating and issued a $16.
00 price target (down from $17.00) on shares of O-I Glass in a report on Thursday, August 1st. Citigroup cut their price target on O-I Glass from $14.
00 to $12.00 and set a “neutral” rating for the company in a report on Monday, July 8th. Barclays lowered their price objective on O-I Glass from $15.
00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, August 1st. Finally, Royal Bank of Canada lowered their price objective on O-I Glass from $20.
00 to $18.00 and set an “outperform” rating for the company in a research report on Monday, August 5th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock.
According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $16.25. View Our Latest Stock Report on O-I Glass O-I Glass Price Performance O-I Glass ( NYSE:OI – Get Free Report ) last posted its quarterly earnings results on Tuesday, July 30th.
The industrial products company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.
01. O-I Glass had a positive return on equity of 15.64% and a negative net margin of 4.
32%. The firm had revenue of $1.73 billion during the quarter, compared to the consensus estimate of $1.
77 billion. During the same quarter in the previous year, the business earned $0.88 earnings per share.
The firm’s quarterly revenue was down 8.5% compared to the same quarter last year. As a group, research analysts predict that O-I Glass will post 1.
13 EPS for the current year. Insider Transactions at O-I Glass In other news, Director John Humphrey acquired 15,000 shares of O-I Glass stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $11.
30 per share, with a total value of $169,500.00. Following the completion of the acquisition, the director now owns 84,227 shares in the company, valued at approximately $951,765.
10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website . Corporate insiders own 1.
49% of the company’s stock. Institutional Investors Weigh In On O-I Glass A number of institutional investors have recently added to or reduced their stakes in OI. Charles Schwab Investment Management Inc.
grew its position in O-I Glass by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc.
now owns 1,566,817 shares of the industrial products company’s stock valued at $25,664,000 after acquiring an additional 50,394 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of O-I Glass by 12.4% in the fourth quarter.
Dimensional Fund Advisors LP now owns 6,615,054 shares of the industrial products company’s stock worth $108,358,000 after buying an additional 728,493 shares during the period. Quadrant Capital Group LLC boosted its position in shares of O-I Glass by 37.3% in the fourth quarter.
Quadrant Capital Group LLC now owns 5,168 shares of the industrial products company’s stock worth $85,000 after buying an additional 1,404 shares during the period. Norges Bank purchased a new stake in shares of O-I Glass in the fourth quarter worth about $27,562,000. Finally, Quest Partners LLC purchased a new stake in shares of O-I Glass in the fourth quarter worth about $313,000.
Hedge funds and other institutional investors own 97.24% of the company’s stock. About O-I Glass ( Get Free Report ) O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally.
The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. Read More Receive News & Ratings for O-I Glass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O-I Glass and related companies with MarketBeat.com's FREE daily email newsletter .
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