Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Libbey Inc. (NYSEAMERICAN:LBY) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 30,220 shares of the company’s stock, valued at approximately $246,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.14% of Libbey as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Bank of Montreal Can lifted its position in shares of Libbey by 695.4% in the second quarter. Bank of Montreal Can now owns 22,406 shares of the company’s stock valued at $182,000 after buying an additional 19,589 shares during the last quarter. Wynnefield Capital Inc. lifted its position in shares of Libbey by 7.0% in the first quarter. Wynnefield Capital Inc. now owns 460,000 shares of the company’s stock valued at $2,249,000 after buying an additional 30,000 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Libbey in the first quarter valued at approximately $115,000. The Manufacturers Life Insurance Company lifted its position in shares of Libbey by 205.1% in the first quarter. The Manufacturers Life Insurance Company now owns 20,615 shares of the company’s stock valued at $101,000 after buying an additional 13,859 shares during the last quarter. Finally, Spitfire Capital LLC lifted its position in shares of Libbey by 2.8% in the first quarter. Spitfire Capital LLC now owns 906,737 shares of the company’s stock valued at $4,434,000 after buying an additional 25,000 shares during the last quarter.

Shares of NYSEAMERICAN LBY opened at $11.23 on Friday. Libbey Inc. has a fifty-two week low of $4.60 and a fifty-two week high of $11.54.

Libbey (NYSEAMERICAN:LBY) last announced its quarterly earnings data on Tuesday, July 31st. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.06. The firm had revenue of $214.47 million during the quarter. Libbey had a negative return on equity of 290.54% and a negative net margin of 41.83%.

A number of analysts have recently issued reports on LBY shares. Zacks Investment Research raised Libbey from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research report on Saturday, June 23rd. Dougherty & Co raised Libbey from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, August 1st.

Libbey Company Profile

Libbey Inc designs, produces, and sells tableware and other products worldwide. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.

Further Reading: Average Daily Trade Volume – What You Need to Know

Institutional Ownership by Quarter for Libbey (NYSEAMERICAN:LBY)

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