Engaged Capital LLC boosted its position in Libbey Inc. (NYSEMKT:LBY) by 8.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 293,064 shares of the company’s stock after buying an additional 23,000 shares during the period. Libbey accounts for approximately 1.6% of Engaged Capital LLC’s portfolio, making the stock its 8th largest position. Engaged Capital LLC’s holdings in Libbey were worth $4,657,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in LBY. BlackRock Institutional Trust Company N.A. increased its stake in Libbey by 9.8% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 370,588 shares of the company’s stock valued at $6,893,000 after buying an additional 32,944 shares during the period. State Street Corp increased its stake in Libbey by 5.1% in the first quarter. State Street Corp now owns 366,686 shares of the company’s stock valued at $6,821,000 after buying an additional 17,874 shares during the period. Goldman Sachs Group Inc. increased its stake in Libbey by 314.2% in the first quarter. Goldman Sachs Group Inc. now owns 45,869 shares of the company’s stock valued at $854,000 after buying an additional 34,794 shares during the period. Geode Capital Management LLC increased its stake in Libbey by 4.8% in the first quarter. Geode Capital Management LLC now owns 144,227 shares of the company’s stock valued at $2,682,000 after buying an additional 6,549 shares during the period. Finally, Bogle Investment Management L P DE increased its stake in Libbey by 103.7% in the first quarter. Bogle Investment Management L P DE now owns 81,391 shares of the company’s stock valued at $1,513,000 after buying an additional 41,444 shares during the period.

Libbey Inc. (NYSEMKT:LBY) opened at 17.11 on Wednesday. The stock has a market capitalization of $373.46 million, a PE ratio of 6.46 and a beta of 1.25. Libbey Inc. has a 12-month low of $14.75 and a 12-month high of $35.75. The company’s 50-day moving average is $17.63 and its 200 day moving average is $17.48.

Libbey (NYSEMKT:LBY) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.14. The business had revenue of $207.90 million for the quarter, compared to analyst estimates of $215.26 million. The firm’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.77 earnings per share. On average, equities research analysts expect that Libbey Inc. will post $1.47 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 23rd. Shareholders of record on Tuesday, August 9th were given a dividend of $0.115 per share. The ex-dividend date was Friday, August 5th. This represents a $0.46 annualized dividend and a yield of 2.69%. Libbey’s payout ratio is currently 17.49%.

Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Libbey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 9th. TheStreet raised shares of Libbey from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. Dougherty & Co downgraded shares of Libbey from a “buy” rating to a “neutral” rating in a research report on Friday, August 5th. Finally, Cowen and Company downgraded shares of Libbey from an “outperform” rating to a “market perform” rating in a research report on Monday, June 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.67.

In other news, VP Timothy T. Paige sold 2,293 shares of the firm’s stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $18.57, for a total value of $42,581.01. Following the completion of the sale, the vice president now directly owns 18,534 shares of the company’s stock, valued at approximately $344,176.38. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Timothy T. Paige sold 3,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $18.03, for a total transaction of $54,090.00. Following the completion of the sale, the vice president now directly owns 21,534 shares of the company’s stock, valued at $388,258.02. The disclosure for this sale can be found here.

About Libbey

Libbey Inc is a manufacturer and marketer of glass tableware products. The Company’s segments include U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA), and Other. The U.S. & Canada segment includes the sales of manufactured and sourced glass tableware and sourced ceramic dinnerware, metal tableware, hollowware and serveware having an end market destination in the United States and Canada.

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