November 29, 2016 - By Pete Kolinski · 0 Comments
Owens Illinois Inc (NYSE:OI) institutional sentiment decreased to 1.26 in Q2 2016. Its down -0.02, from 1.28 in 2016Q1. The ratio is negative, as 151 active investment managers opened new or increased stock positions, while 118 sold and decreased their equity positions in Owens Illinois Inc. The active investment managers in our partner’s database now possess: 134.99 million shares, down from 141.97 million shares in 2016Q1. Also, the number of active investment managers holding Owens Illinois Inc in their top 10 stock positions increased from 5 to 8 for an increase of 3. Sold All: 34 Reduced: 84 Increased: 94 New Position: 57.
Owens-Illinois, Inc. is engaged in the manufacturing of glass containers. The company has a market cap of $2.90 billion. The Company’s principal product lines are glass containers for the food and beverage industries. It has a 10.01 P/E ratio. The Company’s divisions include Europe, North America, Latin America and Asia Pacific.
About 117,419 shares traded hands. Owens-Illinois Inc (NYSE:OI) has declined 1.04% since April 26, 2016 and is downtrending. It has underperformed by 6.30% the S&P500.
Analysts await Owens-Illinois Inc (NYSE:OI) to report earnings on February, 13. They expect $0.48 EPS, up 20.00% or $0.08 from last year’s $0.4 per share. OI’s profit will be $76.81M for 9.41 P/E if the $0.48 EPS becomes a reality. After $0.68 actual EPS reported by Owens-Illinois Inc for the previous quarter, Wall Street now forecasts -29.41% negative EPS growth.
According to Zacks Investment Research, “Owens-Illinois, Inc. manufactures and sells glass container products to food and beverage manufacturers primarily in Europe, North America, South America, and the Asia Pacific. The Company produces glass containers for malt beverages, including beer and ready-to-drink low-alcohol refreshers, liquor, wine, food, tea, juice and pharmaceuticals. It also produces glass containers for soft drinks and other non-alcoholic beverages. Owens-Illinois, Inc. is headquartered in Perrysburg, Ohio.”
Mountain Lake Investment Management Llc holds 7.6% of its portfolio in Owens-Illinois Inc for 700,000 shares. Trinity Street Asset Management Llp owns 1.51 million shares or 6.3% of their US portfolio. Moreover, Spitfire Capital Llc has 5.04% invested in the company for 601,647 shares. The California-based Osterweis Capital Management Inc has invested 3.91% in the stock. Bernzott Capital Advisors, a California-based fund reported 1.01 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 1 buying transaction, and 0 insider sales for $63,406 net activity.
Ratings analysis reveals 27% of Owens-Illinois Inc’s analysts are positive. Out of 11 Wall Street analysts rating Owens-Illinois Inc, 3 give it “Buy”, 1 “Sell” rating, while 7 recommend “Hold”. The lowest target is $15 while the high is $42. The stock’s average target of $21.20 is 17.19% above today’s ($18.09) share price. OI was included in 18 notes of analysts from July 31, 2015. The rating was maintained by Credit Suisse on Friday, October 30 with “Neutral”. The firm has “Hold” rating given on Friday, July 31 by TheStreet. Citigroup upgraded the stock to “Buy” rating in Wednesday, April 6 report. The rating was maintained by Jefferies on Thursday, July 14 with “Hold”. The firm earned “Neutral” rating on Tuesday, November 10 by Macquarie Research. Credit Suisse maintained Owens-Illinois Inc (NYSE:OI) on Wednesday, March 2 with “Outperform” rating. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, September 30. The stock of Owens-Illinois Inc (NYSE:OI) earned “Buy” rating by Deutsche Bank on Monday, October 19. The firm has “Buy” rating by Bank of America given on Tuesday, September 15. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, November 22 report.
Owens-Illinois, Inc., incorporated on March 10, 1987, is engaged in the manufacturing of glass containers. The Company’s principal product lines are glass containers for the food and beverage industries. The Firm operates in four divisions: Europe, North America, Latin America and Asia Pacific. The Firm produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine. The Firm also produces glass packaging for a range of food items, soft drinks, teas, juices and pharmaceuticals. The Firm makes glass containers in a range of sizes, shapes and colors and is engaged in product development and glass container innovation. The Firm also provides engineering support for its glass manufacturing activities through facilities located in the United States, Australia, Poland, Colombia and Peru.
Another recent and important Owens-Illinois Inc (NYSE:OI) news was published by Streetinsider.com which published an article titled: “Form 8-K OWENS ILLINOIS INC /DE/ For: Nov 29” on November 29, 2016.
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By Pete Kolinski