164,460 Shares in O-I Glass, Inc. $OI Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in shares of O-I Glass, Inc. (NYSE:OI) in the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 164,460 shares of the industrial products company’s stock, valued at approximately $1,728,000.

Other hedge funds also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its stake in O-I Glass by 1.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 37,828 shares of the industrial products company’s stock worth $558,000 after purchasing an additional 701 shares in the last quarter. Barclays PLC grew its position in shares of O-I Glass by 0.3% in the fourth quarter. Barclays PLC now owns 246,766 shares of the industrial products company’s stock valued at $3,642,000 after purchasing an additional 755 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of O-I Glass by 87.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 830 shares during the last quarter. ProShare Advisors LLC increased its holdings in shares of O-I Glass by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 29,887 shares of the industrial products company’s stock valued at $441,000 after purchasing an additional 911 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in O-I Glass by 64.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after buying an additional 918 shares in the last quarter. Institutional investors and hedge funds own 97.24% of the company’s stock.

Insider Transactions at O-I Glass

In related news, SVP Eduardo Restrepo bought 3,309 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $8.98 per share, for a total transaction of $29,714.82. Following the acquisition, the senior vice president owned 94,199 shares of the company’s stock, valued at approximately $845,907.02. This trade represents a 3.64% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Darrow A. Abrahams bought 2,774 shares of the business’s stock in a transaction on Monday, May 11th. The stock was purchased at an average cost of $9.04 per share, for a total transaction of $25,076.96. Following the transaction, the senior vice president owned 235,928 shares of the company’s stock, valued at $2,132,789.12. This trade represents a 1.19% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders have purchased 17,083 shares of company stock worth $157,312. 1.00% of the stock is currently owned by insiders.

O-I Glass Stock Up 1.5%

Shares of OI opened at $9.01 on Thursday. The firm has a market cap of $1.38 billion, a P/E ratio of -7.39, a price-to-earnings-growth ratio of 1.07 and a beta of 0.62. O-I Glass, Inc. has a 12-month low of $7.75 and a 12-month high of $16.91. The company’s 50-day moving average price is $9.03 and its 200 day moving average price is $11.36. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35.

O-I Glass (NYSE:OI) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.09 by ($0.04). The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.47 billion. O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.The company’s quarterly revenue was down 1.7% compared to the same quarter last year. During the same period last year, the business earned $0.40 EPS. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. On average, sell-side analysts forecast that O-I Glass, Inc. will post 1.14 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on OI shares. Zacks Research raised O-I Glass from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Truist Financial cut their target price on O-I Glass from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Wednesday, July 15th. Citigroup lowered their price target on shares of O-I Glass from $12.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, May 4th. Bank of America restated an “underperform” rating and set a $11.00 price objective on shares of O-I Glass in a research report on Tuesday, July 14th. Finally, Wells Fargo & Company decreased their target price on shares of O-I Glass from $13.00 to $12.00 and set an “overweight” rating on the stock in a report on Wednesday, July 15th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $13.57.

About O-I Glass

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.