Illinois Municipal Retirement Fund Buys 3,207 Shares of O-I Glass, Inc. (NYSE:OI)

Illinois Municipal Retirement Fund raised its stake in O-I Glass, Inc. (NYSE:OI) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,224 shares of the industrial products company’s stock after buying an additional 3,207 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of O-I Glass worth $967,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in OI. Principal Financial Group Inc. lifted its position in shares of O-I Glass by 2.2% in the 4th quarter. Principal Financial Group Inc. now owns 750,006 shares of the industrial products company’s stock worth $8,130,000 after purchasing an additional 15,964 shares during the period. Hourglass Capital LLC boosted its holdings in shares of O-I Glass by 105.6% during the 4th quarter. Hourglass Capital LLC now owns 167,450 shares of the industrial products company’s stock valued at $1,815,000 after acquiring an additional 86,015 shares during the last quarter. Rhumbline Advisers boosted its holdings in shares of O-I Glass by 0.8% during the 4th quarter. Rhumbline Advisers now owns 485,732 shares of the industrial products company’s stock valued at $5,265,000 after acquiring an additional 3,980 shares during the last quarter. Thompson Investment Management Inc. boosted its holdings in shares of O-I Glass by 3.4% during the 4th quarter. Thompson Investment Management Inc. now owns 731,838 shares of the industrial products company’s stock valued at $7,933,000 after acquiring an additional 24,304 shares during the last quarter. Finally, EMC Capital Management boosted its holdings in shares of O-I Glass by 166.1% in the fourth quarter. EMC Capital Management now owns 21,211 shares of the industrial products company’s stock worth $230,000 after buying an additional 13,241 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

O-I Glass Stock Performance

NYSE:OI opened at $11.46 on Monday. The company has a debt-to-equity ratio of 3.78, a quick ratio of 0.70 and a current ratio of 1.15. The stock has a market capitalization of $1.76 billion, a P/E ratio of -16.13, a PEG ratio of 0.24 and a beta of 1.22. The company has a 50 day moving average price of $11.05 and a 200 day moving average price of $11.95. O-I Glass, Inc. has a fifty-two week low of $9.85 and a fifty-two 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) EPS for the quarter, beating 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%. Equities research analysts forecast that O-I Glass, Inc. will post 1.33 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. StockNews.com raised shares of O-I Glass from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Citigroup reduced their price target on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Wells Fargo & Company reduced 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 report on Monday, January 6th. Finally, Bank of America boosted their price objective on shares of O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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.