Wolverine Asset Management LLC Has $124,000 Stake in O-I Glass, Inc. (NYSE:OI)

Wolverine Asset Management LLC decreased its position in O-I Glass, Inc. (NYSE:OIGet Rating) by 70.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,378 shares of the industrial products company’s stock after selling 24,400 shares during the quarter. Wolverine Asset Management LLC’s holdings in O-I Glass were worth $124,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barrow Hanley Mewhinney & Strauss LLC increased its position in shares of O-I Glass by 24.3% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,200 shares of the industrial products company’s stock valued at $60,000 after acquiring an additional 822 shares during the last quarter. Victory Capital Management Inc. increased its position in O-I Glass by 3.3% during the fourth quarter. Victory Capital Management Inc. now owns 33,817 shares of the industrial products company’s stock worth $407,000 after buying an additional 1,067 shares during the last quarter. CIBC Asset Management Inc increased its position in O-I Glass by 5.7% during the fourth quarter. CIBC Asset Management Inc now owns 19,971 shares of the industrial products company’s stock worth $240,000 after buying an additional 1,072 shares during the last quarter. Marshall Wace North America L.P. bought a new stake in shares of O-I Glass during the first quarter worth approximately $25,000. Finally, Hourglass Capital LLC boosted its holdings in shares of O-I Glass by 2.2% during the third quarter. Hourglass Capital LLC now owns 75,600 shares of the industrial products company’s stock worth $1,079,000 after acquiring an additional 1,630 shares during the period. 91.04% of the stock is currently owned by hedge funds and other institutional investors.

OI has been the subject of several recent research reports. StockNews.com upgraded O-I Glass from a “hold” rating to a “buy” rating in a research note on Friday, May 6th. Credit Suisse Group initiated coverage on O-I Glass in a research note on Friday, January 28th. They issued an “outperform” rating and a $18.00 price target for the company. Bank of America cut O-I Glass from a “buy” rating to a “neutral” rating and set a $14.00 price target for the company. in a research note on Thursday, April 14th. TheStreet upgraded O-I Glass from a “c-” rating to a “b-” rating in a research note on Monday, April 25th. Finally, Barclays boosted their price objective on shares of O-I Glass from $14.00 to $15.00 in a research report on Monday, May 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, O-I Glass has an average rating of “Hold” and an average target price of $15.70.

Shares of NYSE:OI opened at $13.26 on Friday. The company has a fifty day moving average of $12.98 and a 200-day moving average of $12.74. The company has a market capitalization of $2.07 billion, a PE ratio of 6.38, a price-to-earnings-growth ratio of 0.89 and a beta of 1.46. The company has a debt-to-equity ratio of 4.19, a quick ratio of 0.94 and a current ratio of 1.42. O-I Glass, Inc. has a 52-week low of $10.64 and a 52-week high of $19.46.

O-I Glass (NYSE:OIGet Rating) last announced its quarterly earnings results on Monday, April 25th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.17. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.54 billion. O-I Glass had a net margin of 5.10% and a return on equity of 43.72%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.35 earnings per share. On average, equities analysts forecast that O-I Glass, Inc. will post 2.04 EPS for the current fiscal year.

O-I Glass Company Profile (Get Rating)

O-I Glass, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals.

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Institutional Ownership by Quarter for O-I Glass (NYSE:OI)

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