Owens-Illinois, Inc. (NYSE:OI) was the recipient of unusually large options trading activity on Tuesday. Stock traders acquired 1,254 call options on the company. This represents an increase of 1,990% compared to the typical daily volume of 60 call options.

Owens-Illinois (NYSE:OI) opened at $22.28 on Friday. The company has a current ratio of 1.23, a quick ratio of 0.74 and a debt-to-equity ratio of 5.73. The stock has a market cap of $3,620.00, a P/E ratio of 8.61, a PEG ratio of 1.22 and a beta of 1.52. Owens-Illinois has a 1 year low of $17.31 and a 1 year high of $25.90.

Owens-Illinois (NYSE:OI) last issued its quarterly earnings results on Monday, October 23rd. The industrial products company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.04. Owens-Illinois had a return on equity of 63.33% and a net margin of 3.59%. The firm had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same period last year, the company earned $0.68 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. research analysts predict that Owens-Illinois will post 2.64 EPS for the current year.

OI has been the topic of several recent analyst reports. BMO Capital Markets reiterated a “hold” rating and issued a $25.00 price target on shares of Owens-Illinois in a research note on Sunday, August 27th. Robert W. Baird reiterated a “hold” rating and issued a $25.00 price target on shares of Owens-Illinois in a research note on Friday, September 1st. UBS initiated coverage on shares of Owens-Illinois in a research note on Tuesday, September 5th. They issued a “neutral” rating and a $26.00 price target on the stock. Royal Bank of Canada reiterated a “hold” rating and issued a $25.00 price target on shares of Owens-Illinois in a research note on Wednesday, September 6th. Finally, Zacks Investment Research lowered shares of Owens-Illinois from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $26.36.

In related news, insider Timothy M. Connors sold 3,500 shares of the company’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 transaction of $83,510.00. Following the sale, the insider now directly owns 19,624 shares in the company, valued at $468,228.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.50% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. lifted its holdings in shares of Owens-Illinois by 3.5% during the second quarter. BlackRock Inc. now owns 15,167,509 shares of the industrial products company’s stock worth $362,806,000 after purchasing an additional 512,032 shares during the period. Great West Life Assurance Co. Can lifted its holdings in shares of Owens-Illinois by 0.7% during the third quarter. Great West Life Assurance Co. Can now owns 7,997,182 shares of the industrial products company’s stock worth $201,104,000 after purchasing an additional 58,137 shares during the period. Prudential Financial Inc. lifted its holdings in shares of Owens-Illinois by 15.1% during the third quarter. Prudential Financial Inc. now owns 3,916,784 shares of the industrial products company’s stock worth $98,546,000 after purchasing an additional 513,679 shares during the period. Thrivent Financial For Lutherans lifted its holdings in shares of Owens-Illinois by 30.7% during the second quarter. Thrivent Financial For Lutherans now owns 2,929,740 shares of the industrial products company’s stock worth $70,080,000 after purchasing an additional 688,720 shares during the period. Finally, LSV Asset Management lifted its holdings in shares of Owens-Illinois by 36.9% during the second quarter. LSV Asset Management now owns 2,271,378 shares of the industrial products company’s stock worth $54,331,000 after purchasing an additional 612,600 shares during the period. 93.73% of the stock is owned by hedge funds and other institutional investors.

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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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