State Board of Administration of Florida Retirement System continued to hold its position in Libbey Inc. (NYSEMKT:LBY) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,946 shares of the company’s stock at the end of the second quarter. State Board of Administration of Florida Retirement System owned 0.06% of Libbey worth $222,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Albion Financial Group UT boosted its position in 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 in the last quarter. California Public Employees Retirement System boosted its position in Libbey by 11.6% in the second quarter. California Public Employees Retirement System now owns 65,500 shares of the company’s stock valued at $1,041,000 after buying an additional 6,800 shares in the last quarter. Bank of Montreal Can purchased a new position in Libbey during the second quarter valued at $171,000. Jacobs Levy Equity Management Inc. purchased a new position in Libbey during the first quarter valued at $287,000. Finally, Ancora Inverness LLC boosted its position in 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 in the last quarter.
Libbey Inc. (NYSEMKT:LBY) traded down 0.47% during mid-day trading on Tuesday, reaching $16.96. The company had a trading volume of 2,850 shares. Libbey Inc. has a one year low of $14.75 and a one year high of $35.75. The company has a market capitalization of $370.19 million, a P/E ratio of 6.40 and a beta of 1.25. The stock has a 50 day moving average price of $17.34 and a 200 day moving average price of $17.31.
Libbey (NYSEMKT:LBY) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.14. The firm earned $207.90 million during the quarter, compared to analysts’ expectations of $215.26 million. During the same period in the previous year, the business posted $0.77 earnings per share. The company’s quarterly revenue was down 2.9% on a year-over-year basis. On average, equities analysts expect that Libbey Inc. will post $1.30 earnings per share for the current fiscal year.
LBY has been the subject of several recent research reports. Zacks Investment Research cut Libbey from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 9th. Dougherty & Co cut Libbey from a “buy” rating to a “neutral” rating in a research report on Friday, August 5th. Finally, TheStreet raised Libbey from a “hold” rating to a “buy” rating in a research report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $22.67.
In other Libbey news, VP Timothy T. Paige sold 3,000 shares of Libbey stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $18.03, for a total transaction of $54,090.00. Following the completion of the transaction, the vice president now owns 21,534 shares in the company, valued at approximately $388,258.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy T. Paige sold 2,293 shares of Libbey stock in a transaction dated Monday, August 1st. The shares were sold at an average price of $18.57, for a total value of $42,581.01. Following the transaction, the vice president now owns 18,534 shares of the company’s stock, valued at approximately $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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