O-I Glass, Inc. (NYSE:OI) Shares Acquired by Dark Forest Capital Management LP

Dark Forest Capital Management LP lifted its holdings in shares of O-I Glass, Inc. (NYSE:OI – Free Report) by 1,305.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 4,075 shares of the industrial products company’s stock after acquiring an additional 3,785 shares during the period. Dark Forest Capital Management LP’s holdings in O-I Glass were worth $93,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in O-I Glass by 1.5% in the third quarter. Vanguard Group Inc. now owns 19,597,610 shares of the industrial products company’s stock valued at $253,789,000 after acquiring an additional 291,640 shares during the last quarter. FMR LLC boosted its holdings in O-I Glass by 0.3% in the first quarter. FMR LLC now owns 19,462,847 shares of the industrial products company’s stock valued at $442,001,000 after acquiring an additional 56,192 shares during the last quarter. State Street Corp boosted its holdings in O-I Glass by 0.9% in the third quarter. State Street Corp now owns 5,841,163 shares of the industrial products company’s stock valued at $75,643,000 after acquiring an additional 54,511 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in O-I Glass by 17.3% in the first quarter. Dimensional Fund Advisors LP now owns 4,520,497 shares of the industrial products company’s stock valued at $102,659,000 after acquiring an additional 665,824 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in O-I Glass by 3.2% in the fourth quarter. Geode Capital Management LLC now owns 2,761,940 shares of the industrial products company’s stock valued at $45,765,000 after acquiring an additional 84,354 shares during the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

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O-I Glass Stock Down 2.1 %

Shares of NYSE OI opened at $18.89 on Friday. O-I Glass, Inc. has a 1 year low of $12.05 and a 1 year high of $23.57. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 5.38, a PEG ratio of 0.40 and a beta of 1.37. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.94 and a current ratio of 1.42. The stock’s 50-day simple moving average is $20.93 and its 200-day simple moving average is $21.43.

O-I Glass (NYSE:OI – Get Free Report) last announced its earnings results on Tuesday, August 1st. The industrial products company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.05. The business had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.85 billion. O-I Glass had a return on equity of 28.93% and a net margin of 7.88%. The company’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.73 earnings per share. As a group, equities analysts anticipate that O-I Glass, Inc. will post 3.21 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on OI shares. Royal Bank of Canada reduced their price objective on O-I Glass from $37.00 to $32.00 and set an “outperform” rating on the stock in a research note on Thursday, August 3rd. Citigroup reduced their price objective on O-I Glass from $28.00 to $27.00 in a research note on Monday, July 10th. Bank of America reduced their price objective on O-I Glass from $31.00 to $28.00 in a research note on Monday, July 10th. Finally, StockNews.com cut O-I Glass from a “buy” rating to a “hold” rating in a research note on Monday. Two research analysts have rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, O-I Glass has an average rating of “Hold” and a consensus target price of $26.00.

Read Our Latest Research Report on OI

O-I Glass Profile

(Free Report)

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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