Trade Report: The Vanguard Group Inc. invests in Owens-Illinois Inc. (OI) Shares

The Vanguard Group Inc. invests in Owens-Illinois Inc. (OI) Shares

Vanguard Group Inc. increased its position in Owens-Illinois Inc. (NYSE:OI) by 4.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,011,872 shares of the company’s stock after buying an additional 552,318 shares during the period. Vanguard Group Inc. owned 8.64% of Owens-Illinois worth $252,355,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of OI. IBM Retirement Fund boosted its stake in 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 stake in 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 stake in 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 stake in 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 stake in 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. Hedge funds and other institutional investors own 93.89% of the company’s stock.

Owens-Illinois Inc. (NYSE:OI) opened at 16.92 on Thursday. The firm has a market capitalization of $2.74 billion, a price-to-earnings ratio of 14.11 and a beta of 1.96. Owens-Illinois Inc. has a 52-week low of $11.58 and a 52-week high of $24.05. The company’s 50-day moving average price is $17.89 and its 200 day moving average price is $18.15.

Owens-Illinois (NYSE:OI) last issued its earnings results on Wednesday, July 27th. The company reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. Owens-Illinois had a positive return on equity of 67.16% and a negative net margin of 0.20%. The company had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.73 billion. During the same period in the prior year, the firm posted $0.60 EPS. The business’s revenue was up 14.1% compared to the same quarter last year. Equities research analysts predict that Owens-Illinois Inc. will post $2.32 earnings per share for the current year.

A number of research firms recently commented on OI. Jefferies Group lifted their price objective on Owens-Illinois from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Thursday, July 14th. Zacks Investment Research upgraded Owens-Illinois from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. TheStreet upgraded Owens-Illinois from a “sell” rating to a “hold” rating in a research report on Wednesday, June 15th. Citigroup Inc. reiterated a “buy” rating and set a $22.00 price objective on shares of Owens-Illinois in a research report on Friday, July 1st. Finally, Morgan Stanley restated an “equal weight” rating and issued a $40.00 price target on shares of Owens-Illinois in a report on Saturday, August 13th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. Owens-Illinois has a consensus rating of “Hold” and an average target price of $20.87.

Owens-Illinois Company Profile

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