O-I Glass Sees Unusually Large Options Volume (NYSE:OI)
by Renee Jackson · The Cerbat GemO-I Glass, Inc. (NYSE:OI – Get Free Report) saw some unusual options trading on Wednesday. Investors purchased 2,354 call options on the company. This represents an increase of approximately 3,039% compared to the average volume of 75 call options.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on the company. Wall Street Zen cut O-I Glass from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Zacks Research lowered O-I Glass from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Citigroup reduced their price objective on shares of O-I Glass from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Monday, April 13th. Robert W. Baird set a $20.00 target price on shares of O-I Glass in a research report on Thursday, February 12th. Finally, Royal Bank Of Canada set a $14.00 price target on shares of O-I Glass in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, O-I Glass currently has a consensus rating of “Hold” and a consensus price target of $15.56.
Check Out Our Latest Stock Report on O-I Glass
Hedge Funds Weigh In On O-I Glass
Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada boosted its position in shares of O-I Glass by 33.9% in the 1st quarter. Royal Bank of Canada now owns 112,800 shares of the industrial products company’s stock worth $1,294,000 after purchasing an additional 28,548 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of O-I Glass by 154.0% in the 1st quarter. AQR Capital Management LLC now owns 177,117 shares of the industrial products company’s stock worth $1,993,000 after buying an additional 107,388 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in O-I Glass by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,151 shares of the industrial products company’s stock valued at $1,057,000 after buying an additional 4,055 shares in the last quarter. United Services Automobile Association purchased a new position in O-I Glass during the first quarter valued at $119,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in O-I Glass by 43.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,279 shares of the industrial products company’s stock worth $6,036,000 after acquiring an additional 160,649 shares in the last quarter. Institutional investors own 97.24% of the company’s stock.
O-I Glass Price Performance
OI opened at $9.15 on Friday. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 3.35. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -7.50, a price-to-earnings-growth ratio of 0.95 and a beta of 0.84. The stock has a fifty day simple moving average of $11.14 and a two-hundred day simple moving average of $13.12. O-I Glass has a 12-month low of $8.00 and a 12-month high of $16.91.
O-I Glass (NYSE:OI – Get Free Report) last announced its earnings results on Tuesday, April 28th. The industrial products company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.47 billion. O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The business’s quarterly revenue was down 1.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 EPS. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Research analysts predict that O-I Glass will post 1.25 earnings per share for the current fiscal year.
About O-I Glass
O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.
Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.