Owens-Illinois, Inc. (OI) Position Trimmed by Eii Capital Management Inc.
Eii Capital Management Inc. reduced its position in Owens-Illinois, Inc. (NYSE:OI) by 7.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 111,531 shares of the industrial products company’s stock after selling 8,400 shares during the quarter. Owens-Illinois accounts for approximately 1.0% of Eii Capital Management Inc.’s holdings, making the stock its 28th biggest holding. Eii Capital Management Inc. owned approximately 0.07% of Owens-Illinois worth $2,806,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of OI. DekaBank Deutsche Girozentrale increased its position in shares of Owens-Illinois by 104.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,635 shares of the industrial products company’s stock worth $110,000 after acquiring an additional 2,366 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Owens-Illinois during the second quarter worth approximately $113,000. Acrospire Investment Management LLC boosted its stake in shares of Owens-Illinois by 163.8% during the second quarter. Acrospire Investment Management LLC now owns 6,714 shares of the industrial products company’s stock valued at $161,000 after purchasing an additional 4,169 shares in the last quarter. Flinton Capital Management LLC boosted its stake in shares of Owens-Illinois by 74.4% during the second quarter. Flinton Capital Management LLC now owns 7,200 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 3,072 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Owens-Illinois by 61.2% during the third quarter. Sei Investments Co. now owns 7,376 shares of the industrial products company’s stock valued at $186,000 after purchasing an additional 2,799 shares in the last quarter. 93.73% of the stock is currently owned by institutional investors.
In other news, insider Timothy M. Connors sold 3,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $23.86, for a total value of $83,510.00. Following the sale, the insider now directly owns 19,624 shares of the company’s stock, valued at approximately $468,228.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.50% of the stock is currently owned by insiders.
Owens-Illinois, Inc. (OI) traded down $0.42 on Wednesday, reaching $23.17. 1,199,200 shares of the company were exchanged, compared to its average volume of 1,258,412. The firm has a market capitalization of $3,730.00, a price-to-earnings ratio of 9.07, a PEG ratio of 1.28 and a beta of 1.52. Owens-Illinois, Inc. has a 52-week low of $17.31 and a 52-week high of $25.90. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 5.73.
Owens-Illinois (NYSE:OI) last posted its earnings results on Monday, October 23rd. The industrial products company reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.73 by $0.04. The company had revenue of $1.80 billion for the quarter, compared to analyst estimates of $1.77 billion. Owens-Illinois had a net margin of 3.59% and a return on equity of 63.33%. Owens-Illinois’s revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.68 EPS. equities analysts anticipate that Owens-Illinois, Inc. will post 2.64 EPS for the current year.
A number of equities analysts have recently issued reports on the stock. Robert W. Baird reiterated a “hold” rating and set a $25.00 price objective on shares of Owens-Illinois in a research note on Thursday, October 12th. ValuEngine upgraded shares of Owens-Illinois from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 13th. Royal Bank of Canada set a $27.00 price objective on shares of Owens-Illinois and gave the company a “hold” rating in a research note on Tuesday, October 17th. Zacks Investment Research downgraded shares of Owens-Illinois from a “buy” rating to a “sell” rating in a research note on Tuesday, October 3rd. Finally, UBS restated a “neutral” rating and issued a $27.00 target price (up from $26.00) on shares of Owens-Illinois in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. Owens-Illinois has a consensus rating of “Hold” and an average target price of $26.45.
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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