Deprince Race & Zollo Inc. raised its position in Libbey Inc. (NYSEMKT:LBY) by 9.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 385,170 shares of the company’s stock after buying an additional 33,769 shares during the period. Deprince Race & Zollo Inc. owned about 1.76% of Libbey worth $6,875,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. raised its position in shares of Libbey by 545.3% in the second quarter. BlackRock Inc. now owns 8,673 shares of the company’s stock worth $138,000 after buying an additional 7,329 shares during the period. Hsbc Holdings PLC acquired a new position in shares of Libbey during the second quarter worth about $159,000. Bank of Montreal Can acquired a new position in shares of Libbey during the second quarter worth about $171,000. Acrospire Investment Management LLC raised its position in shares of Libbey by 1,286.5% in the second quarter. Acrospire Investment Management LLC now owns 11,175 shares of the company’s stock worth $178,000 after buying an additional 10,369 shares during the period. Finally, HighTower Advisors LLC raised its position in shares of Libbey by 2.8% in the second quarter. HighTower Advisors LLC now owns 11,248 shares of the company’s stock worth $179,000 after buying an additional 311 shares during the period.
Libbey Inc. (NYSEMKT:LBY) traded up 0.51% during mid-day trading on Friday, hitting $19.52. The stock had a trading volume of 57,316 shares. The stock has a 50 day moving average of $17.11 and a 200-day moving average of $17.18. Libbey Inc. has a 1-year low of $14.75 and a 1-year high of $25.74. The firm has a market cap of $426.38 million, a P/E ratio of 9.68 and a beta of 1.25.
Libbey (NYSEMKT:LBY) last issued its earnings results on Thursday, November 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by $0.05. The firm earned $196.90 million during the quarter, compared to analyst estimates of $198.70 million. During the same period in the previous year, the firm posted $0.75 earnings per share. The company’s quarterly revenue was down 2.4% compared to the same quarter last year. Analysts predict that Libbey Inc. will post $1.27 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 23rd. Stockholders of record on Tuesday, November 8th were issued a $0.115 dividend. The ex-dividend date of this dividend was Friday, November 4th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 2.36%. Libbey’s payout ratio is presently 17.49%.
A number of research firms have recently commented on LBY. TheStreet raised Libbey from a “hold” rating to a “buy” rating in a research note on Monday, August 8th. Dougherty & Co downgraded Libbey from a “buy” rating to a “neutral” rating in a research note on Friday, August 5th. Finally, Zacks Investment Research downgraded Libbey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Libbey presently has an average rating of “Hold” and a consensus target price of $22.67.