SG Americas Securities LLC Acquires 61,618 Shares of Owens-Illinois Inc (OI)

SG Americas Securities LLC increased its holdings in shares of Owens-Illinois Inc (NYSE:OI) by 176.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 96,471 shares of the industrial products company’s stock after acquiring an additional 61,618 shares during the period. SG Americas Securities LLC owned about 0.06% of Owens-Illinois worth $1,813,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. US Bancorp DE boosted its position in Owens-Illinois by 77.6% in the third quarter. US Bancorp DE now owns 8,146 shares of the industrial products company’s stock valued at $153,000 after buying an additional 3,558 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in Owens-Illinois by 2.7% in the second quarter. Mutual of America Capital Management LLC now owns 138,969 shares of the industrial products company’s stock valued at $2,336,000 after buying an additional 3,718 shares in the last quarter. Voya Investment Management LLC boosted its position in Owens-Illinois by 8.2% in the second quarter. Voya Investment Management LLC now owns 59,970 shares of the industrial products company’s stock valued at $1,008,000 after buying an additional 4,548 shares in the last quarter. Spark Investment Management LLC boosted its position in Owens-Illinois by 26.7% in the second quarter. Spark Investment Management LLC now owns 21,800 shares of the industrial products company’s stock valued at $366,000 after buying an additional 4,600 shares in the last quarter. Finally, Oakbrook Investments LLC boosted its position in Owens-Illinois by 33.3% in the third quarter. Oakbrook Investments LLC now owns 20,200 shares of the industrial products company’s stock valued at $380,000 after buying an additional 5,050 shares in the last quarter. Institutional investors and hedge funds own 91.59% of the company’s stock.

OI has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Owens-Illinois from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Bank of America upgraded shares of Owens-Illinois from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Friday, November 9th. Wells Fargo & Co reduced their price target on shares of Owens-Illinois from $20.00 to $18.00 and set a “market perform” rating on the stock in a research report on Thursday, November 1st. Finally, Credit Suisse Group reduced their price target on shares of Owens-Illinois from $32.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, November 12th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $23.49.

Shares of NYSE OI opened at $18.39 on Monday. Owens-Illinois Inc has a 1-year low of $15.67 and a 1-year high of $24.66. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 6.94, a P/E/G ratio of 0.98 and a beta of 1.49. The company has a quick ratio of 0.84, a current ratio of 1.32 and a debt-to-equity ratio of 5.14.

Owens-Illinois (NYSE:OI) last announced its earnings results on Tuesday, October 30th. The industrial products company reported $0.75 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.75. Owens-Illinois had a net margin of 1.94% and a return on equity of 43.27%. The company had revenue of $1.70 billion during the quarter, compared to the consensus estimate of $1.78 billion. During the same period in the previous year, the firm posted $0.77 earnings per share. The company’s revenue was down 5.6% on a year-over-year basis. On average, equities research analysts anticipate that Owens-Illinois Inc will post 2.73 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 12th. Shareholders of record on Tuesday, January 22nd will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, January 18th.

WARNING: This news story was published by Community Financial News and is the sole property of of Community Financial News. If you are reading this news story on another site, it was stolen and republished in violation of US and international trademark and copyright law. The legal version of this news story can be viewed at https://www.com-unik.info/2018/12/03/sg-americas-securities-llc-acquires-61618-shares-of-owens-illinois-inc-oi.html.

Owens-Illinois Profile

Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.

Featured Story: What is a Call Option?

Want to see what other hedge funds are holding OI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens-Illinois Inc (NYSE:OI).

Institutional Ownership by Quarter for Owens-Illinois (NYSE:OI)

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.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit