Nisa Investment Advisors LLC Acquires 12,800 Shares of Owens-Illinois Inc (NYSE:OI)

Nisa Investment Advisors LLC lifted its holdings in Owens-Illinois Inc (NYSE:OI) by 42.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 43,300 shares of the industrial products company’s stock after purchasing an additional 12,800 shares during the period. Nisa Investment Advisors LLC’s holdings in Owens-Illinois were worth $746,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of OI. Lyrical Asset Management LP grew its position in Owens-Illinois by 2.0% during the third quarter. Lyrical Asset Management LP now owns 6,092,972 shares of the industrial products company’s stock worth $114,487,000 after buying an additional 118,383 shares in the last quarter. Wedge Capital Management L L P NC grew its position in Owens-Illinois by 0.8% during the third quarter. Wedge Capital Management L L P NC now owns 5,414,633 shares of the industrial products company’s stock worth $101,741,000 after buying an additional 44,182 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Owens-Illinois by 11.1% during the third quarter. Dimensional Fund Advisors LP now owns 3,287,547 shares of the industrial products company’s stock worth $61,774,000 after buying an additional 328,778 shares in the last quarter. Thrivent Financial for Lutherans grew its position in Owens-Illinois by 15.9% during the third quarter. Thrivent Financial for Lutherans now owns 3,105,150 shares of the industrial products company’s stock worth $58,345,000 after buying an additional 425,347 shares in the last quarter. Finally, Golub Group LLC grew its position in Owens-Illinois by 2.1% during the third quarter. Golub Group LLC now owns 2,194,274 shares of the industrial products company’s stock worth $41,230,000 after buying an additional 45,849 shares in the last quarter. Institutional investors and hedge funds own 92.60% of the company’s stock.

NYSE OI opened at $19.80 on Thursday. The company has a debt-to-equity ratio of 5.76, a quick ratio of 0.61 and a current ratio of 1.07. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 7.28, a P/E/G ratio of 0.86 and a beta of 1.38. Owens-Illinois Inc has a 1-year low of $15.67 and a 1-year high of $23.45.

Owens-Illinois (NYSE:OI) last released its quarterly earnings data on Tuesday, February 5th. The industrial products company reported $0.61 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.01). The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.68 billion. Owens-Illinois had a net margin of 3.75% and a return on equity of 44.17%. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share. On average, sell-side analysts predict that Owens-Illinois Inc will post 2.94 EPS for the current year.

A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded Owens-Illinois from a “hold” rating to a “sell” rating in a research report on Friday, February 1st. BMO Capital Markets decreased their target price on Owens-Illinois to $21.00 and set a “market perform” rating on the stock in a research report on Thursday, February 7th. Bank of America downgraded Owens-Illinois from a “buy” rating to a “neutral” rating and set a $19.72 target price on the stock. in a research report on Thursday, February 7th. They noted that the move was a valuation call. TheStreet raised Owens-Illinois from a “c+” rating to a “b” rating in a research report on Friday, January 25th. Finally, ValuEngine raised Owens-Illinois from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 24th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $21.39.

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Owens-Illinois Company Profile

Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.

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Institutional Ownership by Quarter for Owens-Illinois (NYSE:OI)

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