Fmr LLC Has $3.27 Million Stake in Libbey Inc. (LBY)

Fmr LLC cut its stake in Libbey Inc. (NYSE:LBY) by 54.4% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 405,412 shares of the company’s stock after selling 484,388 shares during the period. Fmr LLC owned 1.84% of Libbey worth $3,268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in LBY. Russell Investments Group Ltd. boosted its stake in Libbey by 4.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 357,555 shares of the company’s stock worth $2,882,000 after purchasing an additional 14,475 shares in the last quarter. Strs Ohio boosted its stake in Libbey by 7.3% in the 2nd quarter. Strs Ohio now owns 33,800 shares of the company’s stock worth $272,000 after purchasing an additional 2,300 shares in the last quarter. Algert Global LLC acquired a new stake in Libbey in the 2nd quarter worth approximately $159,000. Schwab Charles Investment Management Inc. boosted its stake in Libbey by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 88,108 shares of the company’s stock worth $711,000 after purchasing an additional 513 shares in the last quarter. Finally, Prudential Financial Inc. acquired a new stake in Libbey in the 2nd quarter worth approximately $386,000.

A number of analysts recently commented on the stock. TheStreet cut shares of Libbey from a “c-” rating to a “d” rating in a research note on Tuesday, October 31st. Zacks Investment Research cut shares of Libbey from a “buy” rating to a “hold” rating in a research note on Friday, October 27th.

Shares of Libbey Inc. (NYSE:LBY) opened at $7.85 on Monday. Libbey Inc. has a 12 month low of $6.12 and a 12 month high of $20.76.

Libbey (NYSE:LBY) last released its earnings results on Tuesday, October 31st. The company reported ($3.57) EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($3.88). The company had revenue of $187.30 million during the quarter, compared to analyst estimates of $193.74 million. Libbey had a negative return on equity of 290.54% and a negative net margin of 41.83%. The firm’s revenue for the quarter was down 4.9% on a year-over-year basis. During the same quarter last year, the business earned $0.13 earnings per share.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Tuesday, November 7th will be paid a $0.1175 dividend. This represents a $0.47 dividend on an annualized basis and a yield of 5.99%. The ex-dividend date of this dividend is Monday, November 6th.

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Libbey Company Profile

Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.

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Institutional Ownership by Quarter for Libbey (NYSE:LBY)

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