UBS Asset Management Americas Inc. increased its position in Owens-Illinois Inc. (NYSE:OI) by 6.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 212,506 shares of the company’s stock after buying an additional 12,625 shares during the period. UBS Asset Management Americas Inc. owned about 0.13% of Owens-Illinois worth $3,827,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. IBM Retirement Fund boosted its position in shares of Owens-Illinois by 0.4% in the second quarter. IBM Retirement Fund now owns 16,284 shares of the company’s stock worth $293,000 after buying an additional 70 shares in the last quarter. Wilen Investment Management CORP. boosted its position in shares of Owens-Illinois by 1.0% in the second quarter. Wilen Investment Management CORP. now owns 20,900 shares of the company’s stock worth $366,000 after buying an additional 200 shares in the last quarter. CIBC Asset Management Inc boosted its position in shares of Owens-Illinois by 1.7% in the second quarter. CIBC Asset Management Inc now owns 14,865 shares of the company’s stock worth $268,000 after buying an additional 253 shares in the last quarter. Invictus RG boosted its position in shares of Owens-Illinois by 3.1% in the first quarter. Invictus RG now owns 9,302 shares of the company’s stock worth $148,000 after buying an additional 282 shares in the last quarter. Finally, Moors & Cabot Inc. boosted its position in shares of Owens-Illinois by 1.2% in the second quarter. Moors & Cabot Inc. now owns 26,300 shares of the company’s stock worth $477,000 after buying an additional 300 shares in the last quarter. Institutional investors own 93.89% of the company’s stock.
Shares of Owens-Illinois Inc. (NYSE:OI) traded up 0.71% during trading on Friday, reaching $18.39. The company had a trading volume of 1,832,181 shares. The firm has a 50-day moving average of $18.04 and a 200-day moving average of $18.03. The company has a market cap of $2.98 billion, a P/E ratio of 15.34 and a beta of 2.02. Owens-Illinois Inc. has a 12-month low of $11.58 and a 12-month high of $24.05.
Owens-Illinois (NYSE:OI) last released its earnings results on Wednesday, July 27th. The company reported $0.65 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.02. Owens-Illinois had a negative net margin of 0.20% and a positive return on equity of 67.16%. The business earned $1.76 billion during the quarter, compared to analysts’ expectations of $1.73 billion. During the same quarter last year, the company earned $0.60 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. On average, equities research analysts anticipate that Owens-Illinois Inc. will post $2.32 EPS for the current year.
OI has been the topic of several recent analyst reports. Royal Bank Of Canada initiated coverage on Owens-Illinois in a research note on Friday. They issued a “sector perform” rating and a $18.00 price target on the stock. Jefferies Group boosted their price target on Owens-Illinois from $18.00 to $20.00 and gave the stock a “hold” rating in a research note on Thursday, July 14th. Zacks Investment Research upgraded Owens-Illinois from a “sell” rating to a “hold” rating in a research note on Monday, August 1st. TheStreet upgraded Owens-Illinois from a “sell” rating to a “hold” rating in a research note on Wednesday, June 15th. Finally, RBC Capital Markets initiated coverage on Owens-Illinois in a research note on Thursday. They issued a “sector perform” rating and a $18.00 price target on the stock. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. Owens-Illinois has an average rating of “Hold” and an average price target of $20.87.
Owens-Illinois Company Profile
Owens-Illinois, Inc is engaged in the manufacturing of glass containers. The Company’s principal product lines are glass containers for the food and beverage industries. Its segments include Europe, North America, Latin America and Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.
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