Libbey Inc. (LBY) Short Interest Down 13.2% in September
Libbey Inc. (NYSE:LBY) saw a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 535,863 shares, a decrease of 13.2% from the August 31st total of 617,300 shares. Currently, 2.5% of the company’s stock are sold short. Based on an average trading volume of 90,793 shares, the short-interest ratio is presently 5.9 days.
Separately, Zacks Investment Research upgraded shares of Libbey from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 5th.
Libbey (NYSE LBY) opened at 9.26 on Monday. The stock’s 50 day moving average price is $8.18 and its 200-day moving average price is $9.68. The firm’s market capitalization is $203.85 million. Libbey has a 12 month low of $7.33 and a 12 month high of $20.76.
Libbey (NYSE:LBY) last announced its quarterly earnings data on Tuesday, August 1st. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.16. Libbey had a negative net margin of 0.42% and a negative return on equity of 2.32%. The company had revenue of $197.50 million for the quarter, compared to the consensus estimate of $198.29 million. During the same period in the prior year, the firm posted $0.40 EPS. The company’s quarterly revenue was down 5.0% compared to the same quarter last year. Equities analysts forecast that Libbey will post $0.30 earnings per share for the current year.
Several hedge funds have recently modified their holdings of LBY. Dimensional Fund Advisors LP increased its holdings in Libbey by 15.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,485,261 shares of the company’s stock valued at $11,971,000 after buying an additional 200,341 shares during the last quarter. State Street Corp raised its stake in Libbey by 6.9% in the second quarter. State Street Corp now owns 503,763 shares of the company’s stock valued at $4,060,000 after buying an additional 32,611 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Libbey by 4.2% in the second quarter. Russell Investments Group Ltd. now owns 357,555 shares of the company’s stock valued at $2,882,000 after buying an additional 14,475 shares in the last quarter. Sterneck Capital Management LLC raised its stake in Libbey by 56.8% in the second quarter. Sterneck Capital Management LLC now owns 312,913 shares of the company’s stock valued at $2,522,000 after buying an additional 113,319 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Libbey by 1.9% in the second quarter. Northern Trust Corp now owns 304,612 shares of the company’s stock valued at $2,455,000 after buying an additional 5,670 shares in the last quarter.
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Libbey Company Profile
Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.
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