Quadrant Capital Group LLC Grows Stock Holdings in O-I Glass, Inc. (NYSE:OI)

Quadrant Capital Group LLC boosted its position in O-I Glass, Inc. (NYSE:OI – Get Rating) by 67.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,926 shares of the industrial products company’s stock after acquiring an additional 1,580 shares during the period. Quadrant Capital Group LLC’s holdings in O-I Glass were worth $65,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of OI. IFP Advisors Inc boosted its holdings in shares of O-I Glass by 104.9% in the 4th quarter. IFP Advisors Inc now owns 912 shares of the industrial products company’s stock valued at $25,000 after purchasing an additional 467 shares during the last quarter. Financial Management Professionals Inc. acquired a new position in shares of O-I Glass during the 4th quarter valued at $28,000. Lazard Asset Management LLC acquired a new position in shares of O-I Glass during the 1st quarter valued at $34,000. Neo Ivy Capital Management acquired a new position in shares of O-I Glass during the 3rd quarter valued at $76,000. Finally, Captrust Financial Advisors lifted its holdings in shares of O-I Glass by 174.8% during the 2nd quarter. Captrust Financial Advisors now owns 6,948 shares of the industrial products company’s stock valued at $97,000 after acquiring an additional 4,420 shares in the last quarter. 93.60% of the stock is owned by hedge funds and other institutional investors.

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O-I Glass Stock Up 1.6 %

OI stock opened at $21.97 on Wednesday. O-I Glass, Inc. has a 12 month low of $11.60 and a 12 month high of $23.52. The firm has a market cap of $3.41 billion, a PE ratio of 4.98, a P/E/G ratio of 0.49 and a beta of 1.37. The firm has a 50 day simple moving average of $21.85 and a 200 day simple moving average of $20.28. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.22 and a quick ratio of 0.77.

O-I Glass (NYSE:OI – Get Rating) last released its earnings results on Tuesday, April 25th. The industrial products company reported $1.29 EPS for the quarter, beating the consensus estimate of $0.83 by $0.46. O-I Glass had a net margin of 10.04% and a return on equity of 31.48%. The business had revenue of $1.83 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same period in the prior year, the business earned $0.56 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. Equities research analysts forecast that O-I Glass, Inc. will post 3.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on OI shares. Truist Financial boosted their price objective on shares of O-I Glass from $27.00 to $31.00 in a report on Thursday, April 27th. Barclays boosted their price objective on shares of O-I Glass from $18.00 to $19.00 in a report on Monday, May 1st. Royal Bank of Canada boosted their target price on shares of O-I Glass from $34.00 to $37.00 in a research report on Thursday, April 27th. StockNews.com downgraded shares of O-I Glass from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Finally, Robert W. Baird boosted their price objective on shares of O-I Glass from $26.00 to $30.00 in a research report on Thursday, April 27th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.70.

About O-I Glass

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O-I Glass, Inc engages in manufacturing of glass products. It offers products to the food and beverage sectors. The firm operates through the following geographical segments: Americas, Europe, and Asia Pacific. The company was founded in 1929 and is headquartered in Perrysburg, OH.

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