O-I Glass, Inc. (NYSE:OI) Shares Acquired by Thompson Investment Management Inc.

Thompson Investment Management Inc. grew its holdings in O-I Glass, Inc. (NYSE:OI) by 3.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 731,838 shares of the industrial products company’s stock after buying an additional 24,304 shares during the quarter. O-I Glass comprises 1.1% of Thompson Investment Management Inc.’s investment portfolio, making the stock its 26th biggest holding. Thompson Investment Management Inc. owned 0.47% of O-I Glass worth $7,933,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company raised its holdings in O-I Glass by 4.2% during the second quarter. The Manufacturers Life Insurance Company now owns 83,898 shares of the industrial products company’s stock worth $934,000 after purchasing an additional 3,413 shares during the last quarter. Creative Planning purchased a new stake in shares of O-I Glass in the second quarter valued at $475,000. GAMMA Investing LLC grew its position in shares of O-I Glass by 371.0% in the third quarter. GAMMA Investing LLC now owns 2,402 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 1,892 shares during the period. Wedge Capital Management L L P NC grew its position in shares of O-I Glass by 19.8% in the third quarter. Wedge Capital Management L L P NC now owns 112,491 shares of the industrial products company’s stock valued at $1,476,000 after purchasing an additional 18,588 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of O-I Glass by 19.3% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 296,900 shares of the industrial products company’s stock valued at $3,895,000 after purchasing an additional 48,023 shares during the period. 97.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Barclays lowered their price objective on O-I Glass from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Bank of America boosted their price target on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Citigroup lowered their price target on O-I Glass from $12.00 to $11.00 and set a “neutral” rating for the company in a research report on Monday, January 6th. StockNews.com raised O-I Glass from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Finally, Royal Bank of Canada lowered their price target on O-I Glass from $18.00 to $16.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $15.38.

O-I Glass Stock Down 0.6 %

NYSE:OI opened at $11.48 on Friday. The stock has a 50 day moving average of $11.04 and a 200-day moving average of $11.96. O-I Glass, Inc. has a 52 week low of $9.85 and a 52 week high of $17.58. The company has a quick ratio of 0.77, a current ratio of 1.15 and a debt-to-equity ratio of 3.78.

O-I Glass (NYSE:OI) last issued its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.02. O-I Glass had a positive return on equity of 8.27% and a negative net margin of 1.62%. Sell-side analysts expect that O-I Glass, Inc. will post 1.36 EPS for the current year.

O-I Glass Company Profile

O-I Glass, Inc, through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.