Dana Investment Advisors Inc. Sells 36,671 Shares of O-I Glass, Inc. (NYSE:OI)

Dana Investment Advisors Inc. lessened its holdings in shares of O-I Glass, Inc. (NYSE:OI) by 11.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 280,348 shares of the industrial products company’s stock after selling 36,671 shares during the quarter. Dana Investment Advisors Inc.’s holdings in O-I Glass were worth $3,039,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OI. Harbor Capital Advisors Inc. bought a new position in shares of O-I Glass in the third quarter valued at approximately $27,000. R Squared Ltd bought a new position in shares of O-I Glass in the fourth quarter valued at approximately $45,000. Nisa Investment Advisors LLC boosted its position in shares of O-I Glass by 28.4% in the third quarter. Nisa Investment Advisors LLC now owns 5,136 shares of the industrial products company’s stock valued at $67,000 after acquiring an additional 1,136 shares during the period. KBC Group NV boosted its position in shares of O-I Glass by 38.9% in the third quarter. KBC Group NV now owns 5,431 shares of the industrial products company’s stock valued at $71,000 after acquiring an additional 1,521 shares during the period. Finally, Quest Partners LLC bought a new position in shares of O-I Glass in the third quarter valued at approximately $77,000. Institutional investors own 97.24% of the company’s stock.

O-I Glass Trading Up 2.1 %

OI stock opened at $11.85 on Friday. The company has a market capitalization of $1.82 billion, a PE ratio of -16.68, a price-to-earnings-growth ratio of 0.24 and a beta of 1.20. O-I Glass, Inc. has a one year low of $9.85 and a one year high of $17.58. The company’s 50 day moving average price is $11.14 and its two-hundred day moving average price is $11.93. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15.

O-I Glass (NYSE:OI) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.02. O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27%. As a group, analysts predict that O-I Glass, Inc. will post 1.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

OI has been the subject of a number of analyst reports. StockNews.com upgraded shares of O-I Glass from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Citigroup lowered their target price on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company lowered their target price on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Bank of America raised their target price on shares of O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, O-I Glass presently has a consensus rating of “Moderate Buy” and an average price target of $15.38.

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.