Dana Investment Advisors Inc. Has $3.04 Million Stock Holdings in O-I Glass, Inc. (NYSE:OI)

Dana Investment Advisors Inc. decreased its holdings in shares of O-I Glass, Inc. (NYSE:OI) by 11.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 280,348 shares of the industrial products company’s stock after selling 36,671 shares during the period. Dana Investment Advisors Inc. owned approximately 0.18% of O-I Glass worth $3,039,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Harbor Capital Advisors Inc. acquired a new position in O-I Glass during the third quarter worth $27,000. R Squared Ltd acquired a new position in O-I Glass during the fourth quarter worth $45,000. Nisa Investment Advisors LLC raised its holdings 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 purchasing an additional 1,136 shares during the last quarter. KBC Group NV raised its holdings 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 purchasing an additional 1,521 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in shares of O-I Glass in the third quarter valued at about $77,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

O-I Glass Stock Performance

NYSE OI opened at $11.85 on Friday. O-I Glass, Inc. has a 52-week low of $9.85 and a 52-week high of $17.58. The company has a 50-day simple moving average of $11.14 and a 200 day simple moving average of $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. 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 (NYSE:OI) last posted its quarterly earnings data on Tuesday, February 4th. The industrial products company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, research analysts predict that O-I Glass, Inc. will post 1.33 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wells Fargo & Company lowered their target price on shares of O-I Glass from $18.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Bank of America increased their target price on shares of O-I Glass from $14.00 to $15.00 and gave the company a “buy” rating in a report on Monday, January 6th. StockNews.com upgraded shares of O-I Glass from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th. Finally, Citigroup lowered their target price on shares of O-I Glass from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Monday, January 6th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, O-I Glass presently has an average rating of “Moderate Buy” and an average target price 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.