Swiss National Bank continued to hold its stake in shares of Libbey Inc. (NYSEMKT:LBY) during the second quarter, Holdings Channel reports. The firm owned 33,037 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.15% of Libbey worth $525,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the stock. Bank of Montreal Can purchased a new stake in shares of Libbey during the second quarter valued at approximately $171,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Libbey during the first quarter valued at approximately $287,000. Albion Financial Group UT raised its stake in shares of Libbey by 21.7% in the second quarter. Albion Financial Group UT now owns 25,492 shares of the company’s stock valued at $405,000 after buying an additional 4,551 shares during the last quarter. Ancora Inverness LLC raised its stake in shares of Libbey by 130.4% in the second quarter. Ancora Inverness LLC now owns 36,197 shares of the company’s stock valued at $575,000 after buying an additional 20,489 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Libbey by 314.2% in the first quarter. Goldman Sachs Group Inc. now owns 45,869 shares of the company’s stock valued at $854,000 after buying an additional 34,794 shares during the last quarter.
Shares of Libbey Inc. (NYSEMKT:LBY) traded up 1.30% during mid-day trading on Friday, reaching $17.12. 130,896 shares of the company were exchanged. Libbey Inc. has a 12 month low of $14.75 and a 12 month high of $35.75. The stock has a market capitalization of $373.68 million, a P/E ratio of 6.46 and a beta of 1.25. The firm has a 50-day moving average price of $17.36 and a 200 day moving average price of $17.35.
Libbey (NYSEMKT:LBY) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.14. The company had revenue of $207.90 million for the quarter, compared to analysts’ expectations of $215.26 million. During the same period in the prior year, the company earned $0.77 earnings per share. The firm’s revenue was down 2.9% compared to the same quarter last year. Equities research analysts anticipate that Libbey Inc. will post $1.30 EPS for the current fiscal year.
Several research analysts have recently issued reports on LBY shares. Zacks Investment Research cut shares of Libbey from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 9th. Dougherty & Co cut shares of Libbey from a “buy” rating to a “neutral” rating in a report on Friday, August 5th. Finally, TheStreet upgraded shares of Libbey from a “hold” rating to a “buy” rating in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $22.67.
In other Libbey news, VP Timothy T. Paige sold 2,551 shares of the business’s stock in a transaction dated Tuesday, July 19th. The shares were sold at an average price of $17.50, for a total value of $44,642.50. Following the completion of the transaction, the vice president now directly owns 23,178 shares of the company’s stock, valued at $405,615. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Timothy T. Paige sold 2,293 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $18.57, for a total transaction of $42,581.01. Following the completion of the transaction, the vice president now directly owns 18,534 shares of the company’s stock, valued at $344,176.38. The disclosure for this sale can be found here.
Libbey Inc is a manufacturer and marketer of glass tableware products. The Company’s segments include U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA), and Other. The U.S. & Canada segment includes the sales of manufactured and sourced glass tableware and sourced ceramic dinnerware, metal tableware, hollowware and serveware having an end market destination in the United States and Canada.
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