Foundry Partners LLC raised its stake in Owens-Illinois, Inc. (NYSE:OI) by 7.4% during the second quarter, Holdings Channel reports. The institutional investor owned 733,293 shares of the industrial products company’s stock after buying an additional 50,624 shares during the period. Owens-Illinois accounts for about 0.7% of Foundry Partners LLC’s portfolio, making the stock its 20th largest position. Foundry Partners LLC’s holdings in Owens-Illinois were worth $17,540,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of Montreal Can boosted its position in Owens-Illinois by 17.7% in the first quarter. Bank of Montreal Can now owns 10,830 shares of the industrial products company’s stock valued at $221,000 after buying an additional 1,632 shares in the last quarter. CrestPoint Capital Management LLC boosted its position in Owens-Illinois by 35.9% in the first quarter. CrestPoint Capital Management LLC now owns 17,400 shares of the industrial products company’s stock valued at $355,000 after buying an additional 4,600 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in Owens-Illinois by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 41,000 shares of the industrial products company’s stock valued at $836,000 after buying an additional 900 shares in the last quarter. Telemus Capital LLC acquired a new position in Owens-Illinois during the first quarter valued at $202,000. Finally, Nisa Investment Advisors LLC boosted its position in Owens-Illinois by 3.4% in the first quarter. Nisa Investment Advisors LLC now owns 30,600 shares of the industrial products company’s stock valued at $624,000 after buying an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 95.29% of the company’s stock.

Shares of Owens-Illinois, Inc. (NYSE:OI) opened at 23.45 on Friday. The company’s 50-day moving average price is $24.12 and its 200-day moving average price is $21.67. The stock has a market cap of $3.82 billion, a PE ratio of 16.99 and a beta of 1.50. Owens-Illinois, Inc. has a 52-week low of $16.80 and a 52-week high of $25.02.

Owens-Illinois (NYSE:OI) last issued its quarterly earnings results on Monday, July 31st. The industrial products company reported $0.75 EPS for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.08. Owens-Illinois had a return on equity of 72.15% and a net margin of 3.36%. The company had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same quarter in the previous year, the firm posted $0.65 EPS. The firm’s revenue was down .5% compared to the same quarter last year. On average, equities research analysts forecast that Owens-Illinois, Inc. will post $2.63 earnings per share for the current fiscal year.

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Several research analysts have recently weighed in on OI shares. Citigroup Inc. decreased their price target on Owens-Illinois from $28.00 to $24.00 and set an “underweight” rating for the company in a research note on Friday, April 14th. BMO Capital Markets restated a “hold” rating and issued a $20.00 price target on shares of Owens-Illinois in a research note on Friday, April 21st. Jefferies Group LLC restated a “hold” rating and issued a $20.00 price target (up previously from $19.00) on shares of Owens-Illinois in a research note on Wednesday, April 26th. Deutsche Bank AG restated a “hold” rating and issued a $24.00 price target (up previously from $20.00) on shares of Owens-Illinois in a research note on Saturday, April 29th. Finally, Barclays PLC boosted their price target on Owens-Illinois from $20.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Monday, May 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Owens-Illinois currently has an average rating of “Hold” and a consensus target price of $26.44.

Owens-Illinois Company Profile

Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.

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Institutional Ownership by Quarter for Owens-Illinois (NYSE:OI)

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