ClariVest Asset Management LLC Increases Holdings in Owens-Illinois, Inc. (OI)

ClariVest Asset Management LLC boosted its holdings in shares of Owens-Illinois, Inc. (NYSE:OI) by 11.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,210,919 shares of the industrial products company’s stock after acquiring an additional 127,163 shares during the quarter. ClariVest Asset Management LLC owned 0.74% of Owens-Illinois worth $30,467,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in OI. DekaBank Deutsche Girozentrale lifted its holdings in Owens-Illinois by 104.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,635 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 2,366 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Owens-Illinois in the 2nd quarter worth approximately $113,000. Acrospire Investment Management LLC lifted its holdings in Owens-Illinois by 163.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 6,714 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 4,169 shares during the last quarter. Flinton Capital Management LLC lifted its holdings in Owens-Illinois by 74.4% in the 2nd quarter. Flinton Capital Management LLC now owns 7,200 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 3,072 shares during the last quarter. Finally, Sei Investments Co. lifted its holdings in Owens-Illinois by 61.2% in the 3rd quarter. Sei Investments Co. now owns 7,376 shares of the industrial products company’s stock worth $186,000 after purchasing an additional 2,799 shares during the last quarter. Institutional investors and hedge funds own 95.95% of the company’s stock.

In other Owens-Illinois news, SVP Moyano Giancarlo Currarino sold 1,360 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $23.97, for a total value of $32,599.20. Following the transaction, the senior vice president now owns 23,954 shares of the company’s stock, valued at $574,177.38. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Timothy M. Connors sold 3,500 shares of the business’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $23.86, for a total value of $83,510.00. Following the completion of the transaction, the insider now directly owns 19,624 shares in the company, valued at approximately $468,228.64. The disclosure for this sale can be found here. Insiders sold 10,337 shares of company stock worth $252,651 over the last quarter. Company insiders own 1.50% of the company’s stock.

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Shares of Owens-Illinois, Inc. (NYSE OI) traded down $0.08 during trading hours on Thursday, reaching $23.02. The company’s stock had a trading volume of 1,481,900 shares, compared to its average volume of 1,274,510. Owens-Illinois, Inc. has a 52-week low of $17.31 and a 52-week high of $25.90. The company has a market capitalization of $3,765.09, a PE ratio of 8.88, a price-to-earnings-growth ratio of 1.20 and a beta of 1.53. The company has a quick ratio of 0.74, a current ratio of 1.23 and a debt-to-equity ratio of 5.73.

Owens-Illinois (NYSE:OI) last announced its quarterly earnings results on Monday, October 23rd. The industrial products company reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.73 by $0.04. Owens-Illinois had a return on equity of 63.33% and a net margin of 3.59%. The firm had revenue of $1.80 billion for the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the business posted $0.68 earnings per share. The business’s revenue was up 5.1% compared to the same quarter last year. equities research analysts forecast that Owens-Illinois, Inc. will post 2.64 earnings per share for the current fiscal year.

Several equities research analysts recently weighed in on the company. ValuEngine upgraded Owens-Illinois from a “buy” rating to a “strong-buy” rating in a report on Friday, October 13th. Zacks Investment Research downgraded Owens-Illinois from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. UBS AG initiated coverage on Owens-Illinois in a research report on Tuesday, September 5th. They issued a “neutral” rating and a $26.00 price target on the stock. Robert W. Baird lifted their price target on Owens-Illinois from $25.00 to $27.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 25th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Owens-Illinois in a research report on Friday, November 10th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Owens-Illinois has a consensus rating of “Hold” and an average target price of $26.45.

Owens-Illinois Profile

Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.

Institutional Ownership by Quarter for Owens-Illinois (NYSE:OI)

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