O-I Glass, Inc. $OI Shares Sold by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. reduced its holdings in shares of O-I Glass, Inc. (NYSE:OI) by 38.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,058,776 shares of the industrial products company’s stock after selling 670,374 shares during the quarter. Levin Capital Strategies L.P. owned 0.69% of O-I Glass worth $11,128,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its stake in shares of O-I Glass by 8.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,238,635 shares of the industrial products company’s stock valued at $97,094,000 after acquiring an additional 729,191 shares during the period. Alliancebernstein L.P. boosted its position in O-I Glass by 0.7% during the 3rd quarter. Alliancebernstein L.P. now owns 7,996,786 shares of the industrial products company’s stock worth $103,718,000 after purchasing an additional 56,945 shares during the period. Geode Capital Management LLC boosted its position in O-I Glass by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 3,783,387 shares of the industrial products company’s stock worth $55,852,000 after purchasing an additional 22,430 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in O-I Glass by 288.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,215,632 shares of the industrial products company’s stock valued at $47,463,000 after purchasing an additional 2,388,299 shares in the last quarter. Finally, Wellington Management Group LLP acquired a new stake in O-I Glass in the 4th quarter valued at $40,090,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

O-I Glass Stock Performance

Shares of OI opened at $9.01 on Thursday. The business’s 50 day moving average is $9.03 and its two-hundred day moving average is $11.36. O-I Glass, Inc. has a 52-week low of $7.75 and a 52-week high of $16.91. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of -7.39, a PEG ratio of 1.07 and a beta of 0.62. The company has a quick ratio of 0.73, a current ratio of 1.26 and a debt-to-equity ratio of 3.35.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.47 billion. O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Analysts forecast that O-I Glass, Inc. will post 1.14 EPS for the current fiscal year.

Insider Transactions at O-I Glass

In other news, SVP Eduardo Restrepo purchased 3,309 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of $8.98 per share, for a total transaction of $29,714.82. Following the completion of the purchase, the senior vice president owned 94,199 shares of the company’s stock, valued at approximately $845,907.02. This trade represents a 3.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Randolph L. Burns purchased 11,000 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was purchased at an average price of $9.32 per share, with a total value of $102,520.00. Following the completion of the purchase, the senior vice president directly owned 133,932 shares of the company’s stock, valued at approximately $1,248,246.24. This represents a 8.95% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 17,083 shares of company stock valued at $157,312. Insiders own 1.00% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on OI. UBS Group cut their price objective on O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a research report on Friday, April 10th. Weiss Ratings raised O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, July 15th. Zacks Research upgraded O-I Glass from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Royal Bank Of Canada dropped their target price on O-I Glass from $14.00 to $11.00 and set an “outperform” rating on the stock in a report on Thursday, July 9th. Finally, Bank of America reissued an “underperform” rating and set a $11.00 price target on shares of O-I Glass in a research report on Tuesday, July 14th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $13.57.

About O-I Glass

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.