Flinton Capital Management LLC grew its stake in shares of Owens-Illinois Inc (NYSE:OI) by 58.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,856 shares of the industrial products company’s stock after buying an additional 5,120 shares during the quarter. Flinton Capital Management LLC’s holdings in Owens-Illinois were worth $307,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Advisors Preferred LLC raised its holdings in shares of Owens-Illinois by 366.7% in the 4th quarter. Advisors Preferred LLC now owns 5,498 shares of the industrial products company’s stock worth $122,000 after purchasing an additional 4,320 shares in the last quarter. Sei Investments Co. raised its holdings in shares of 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 in the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Owens-Illinois in the 3rd quarter worth approximately $211,000. Tower Research Capital LLC TRC bought a new stake in shares of Owens-Illinois in the 4th quarter worth approximately $188,000. Finally, Alps Advisors Inc. bought a new stake in shares of Owens-Illinois in the 3rd quarter worth approximately $214,000. Institutional investors own 95.23% of the company’s stock.
In related news, SVP Moyano Giancarlo Currarino sold 11,910 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $22.57, for a total transaction of $268,808.70. Following the transaction, the senior vice president now directly owns 28,070 shares of the company’s stock, valued at $633,539.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.50% of the stock is owned by insiders.
Shares of Owens-Illinois Inc (NYSE:OI) opened at $21.59 on Friday. Owens-Illinois Inc has a 1-year low of $19.59 and a 1-year high of $25.90. The company has a current ratio of 1.06, a quick ratio of 0.61 and a debt-to-equity ratio of 5.52. The stock has a market cap of $3,635.67, a P/E ratio of 19.63, a PEG ratio of 1.40 and a beta of 1.46.
Owens-Illinois (NYSE:OI) last released its quarterly earnings results on Tuesday, February 6th. The industrial products company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.01. Owens-Illinois had a net margin of 2.65% and a return on equity of 53.60%. The business had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the business earned $0.50 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. analysts forecast that Owens-Illinois Inc will post 2.81 EPS for the current fiscal year.
Owens-Illinois declared that its Board of Directors has approved a share buyback plan on Tuesday, February 6th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.
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.
Receive News & Ratings for Owens-Illinois Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens-Illinois and related companies with MarketBeat.com's FREE daily email newsletter.