American Century Companies Inc. grew its stake in shares of O-I Glass, Inc. (NYSE:OI – Free Report) by 2,630.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 869,861 shares of the industrial products company’s stock after acquiring an additional 838,000 shares during the period. American Century Companies Inc. owned about 0.56% of O-I Glass worth $19,721,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the business. 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 buying an additional 467 shares during the period. Metropolitan Life Insurance Co. NY boosted its holdings in shares of O-I Glass by 5.3% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,577 shares of the industrial products company’s stock valued at $159,000 after buying an additional 485 shares during the period. Metropolitan Life Insurance Co NY boosted its holdings in shares of O-I Glass by 5.3% in the 4th quarter. Metropolitan Life Insurance Co NY now owns 9,577 shares of the industrial products company’s stock valued at $159,000 after buying an additional 485 shares during the period. Ziegler Capital Management LLC boosted its holdings in shares of O-I Glass by 1.0% in the 1st quarter. Ziegler Capital Management LLC now owns 52,669 shares of the industrial products company’s stock valued at $1,196,000 after buying an additional 496 shares during the period. Finally, Neuberger Berman Group LLC boosted its holdings in shares of O-I Glass by 1.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 46,004 shares of the industrial products company’s stock valued at $596,000 after buying an additional 656 shares during the period. 91.29% of the stock is owned by institutional investors and hedge funds.
O-I Glass Price Performance
NYSE:OI opened at $19.84 on Friday. The stock has a market cap of $3.08 billion, a P/E ratio of 5.65, a PEG ratio of 0.40 and a beta of 1.35. O-I Glass, Inc. has a one year low of $12.05 and a one year high of $23.57. The company has a fifty day moving average price of $21.03 and a 200 day moving average price of $21.52. The company has a debt-to-equity ratio of 2.23, a current ratio of 1.42 and a quick ratio of 0.94.
Wall Street Analyst Weigh In
Several research analysts have recently commented on OI shares. StockNews.com lowered shares of O-I Glass from a “buy” rating to a “hold” rating in a report on Friday, August 25th. Citigroup reduced their target price on shares of O-I Glass from $28.00 to $27.00 in a research note on Monday, July 10th. Bank of America reduced their target price on shares of O-I Glass from $31.00 to $28.00 in a research note on Monday, July 10th. Finally, Royal Bank of Canada reduced their target price on shares of O-I Glass from $37.00 to $32.00 and set an “outperform” rating for the company in a research note on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, O-I Glass has an average rating of “Hold” and a consensus price target of $26.00.
Check Out Our Latest Analysis on O-I Glass
About O-I Glass
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.
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