Today: The California Public Employees Retirement System invests in 6,800 by purchasing Libbey Inc. (LBY) shares

The California Public Employees Retirement System invests in 6,800 by purchasing Libbey Inc. (LBY) shares

California Public Employees Retirement System increased its position in Libbey Inc. (NYSEMKT:LBY) by 11.6% during the second quarter, Holdings Channel reports. The fund owned 65,500 shares of the company’s stock after buying an additional 6,800 shares during the period. California Public Employees Retirement System owned 0.30% of Libbey worth $1,041,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of LBY. Albion Financial Group UT boosted its position in Libbey by 21.7% in the second quarter. Albion Financial Group UT now owns 25,492 shares of the company’s stock valued at $405,000 after buying an additional 4,551 shares during the last quarter. Bank of Montreal Can acquired a new position in Libbey during the second quarter valued at about $171,000. Jacobs Levy Equity Management Inc. acquired a new position in Libbey during the first quarter valued at about $287,000. Ancora Inverness LLC boosted its position in Libbey by 130.4% in the second quarter. Ancora Inverness LLC now owns 36,197 shares of the company’s stock valued at $575,000 after buying an additional 20,489 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Libbey by 20.0% in the second quarter. Bank of New York Mellon Corp now owns 189,857 shares of the company’s stock valued at $3,018,000 after buying an additional 31,642 shares in the last quarter.

Shares of Libbey Inc. (NYSEMKT:LBY) traded down 0.47% during midday trading on Monday, reaching $17.04. The company had a trading volume of 7,640 shares. The firm has a market cap of $371.93 million, a P/E ratio of 6.43 and a beta of 1.25. The company’s 50-day moving average is $17.36 and its 200-day moving average is $17.35. Libbey Inc. has a 52-week low of $14.75 and a 52-week high of $35.75.

Libbey (NYSEMKT:LBY) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by $0.14. The firm earned $207.90 million during the quarter, compared to the consensus estimate of $215.26 million. Libbey’s quarterly revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the business posted $0.77 EPS. Equities research analysts expect that Libbey Inc. will post $1.30 EPS for the current fiscal year.

Several brokerages recently weighed in on LBY. TheStreet cut Libbey from a “buy” rating to a “hold” rating in a research note on Tuesday, September 6th. Zacks Investment Research cut Libbey from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 9th. Finally, Dougherty & Co cut Libbey from a “buy” rating to a “neutral” rating in a research note on Friday, August 5th. One 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 stock. The company has a consensus rating of “Hold” and a consensus target price of $22.67.

In other news, VP Timothy T. Paige sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $18.03, for a total value of $54,090.00. Following the transaction, the vice president now owns 21,534 shares of the company’s stock, valued at $388,258.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Timothy T. Paige sold 2,551 shares of the company’s stock in a transaction that occurred on Tuesday, July 19th. The shares were sold at an average price of $17.50, for a total value of $44,642.50. Following the completion of the transaction, the vice president now directly owns 23,178 shares in the company, valued at approximately $405,615. The disclosure for this sale can be found here.

Libbey Company Profile

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