Bryce Point Capital LLC Buys Shares of 132,103 O-I Glass, Inc. (NYSE:OI)

Bryce Point Capital LLC purchased a new position in O-I Glass, Inc. (NYSE:OI) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 132,103 shares of the industrial products company’s stock, valued at approximately $1,432,000.

A number of other institutional investors have also made changes to their positions in the stock. Charles Schwab Investment Management Inc. grew its position in shares of O-I Glass by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,823,138 shares of the industrial products company’s stock worth $23,920,000 after buying an additional 130,422 shares during the period. Centiva Capital LP increased its stake in O-I Glass by 83.3% in the third quarter. Centiva Capital LP now owns 36,250 shares of the industrial products company’s stock valued at $476,000 after purchasing an additional 16,473 shares in the last quarter. Portolan Capital Management LLC acquired a new stake in O-I Glass in the third quarter worth $4,634,000. Villanova Investment Management Co LLC boosted its position in shares of O-I Glass by 8.6% during the third quarter. Villanova Investment Management Co LLC now owns 109,272 shares of the industrial products company’s stock worth $1,434,000 after purchasing an additional 8,643 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of O-I Glass in the 3rd quarter valued at $148,000. 97.24% of the stock is owned by institutional investors and hedge funds.

O-I Glass Stock Up 1.5 %

Shares of O-I Glass stock opened at $11.65 on Wednesday. The firm has a market cap of $1.79 billion, a PE ratio of -16.40, a P/E/G ratio of 0.24 and a beta of 1.20. The business’s 50 day simple moving average is $11.57 and its 200 day simple moving average is $11.85. 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, Inc. has a 52-week low of $9.85 and a 52-week high of $17.58.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share 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%. On average, analysts predict that O-I Glass, Inc. will post 1.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on OI shares. Bank of America boosted their target price on O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Monday, January 6th. Citigroup decreased their price objective 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. Royal Bank of Canada reissued an “outperform” rating and set a $16.00 target price on shares of O-I Glass in a research note on Monday, March 17th. Finally, Wells Fargo & Company cut their price target 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. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $15.38.

O-I Glass 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.