Insider Buying: Libbey Inc. (LBY) CEO Acquires 10,000 Shares of Stock

Libbey Inc. (NYSEAMERICAN:LBY) CEO Michael P. Bauer acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $2.54 per share, with a total value of $25,400.00. Following the acquisition, the chief executive officer now directly owns 1,200 shares of the company’s stock, valued at $3,048. The purchase was disclosed in a legal filing with the SEC, which is available at this link.

Shares of LBY opened at $2.56 on Monday. Libbey Inc. has a one year low of $2.45 and a one year high of $11.54.

Libbey (NYSEAMERICAN:LBY) last issued its quarterly earnings data on Tuesday, April 30th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.05). The company had revenue of $175.65 million during the quarter.

Institutional investors and hedge funds have recently modified their holdings of the stock. Alambic Investment Management L.P. bought a new stake in shares of Libbey in the first quarter worth $32,000. Menta Capital LLC grew its holdings in shares of Libbey by 38.4% in the first quarter. Menta Capital LLC now owns 20,562 shares of the company’s stock worth $58,000 after acquiring an additional 5,700 shares during the period. Spark Investment Management LLC grew its holdings in shares of Libbey by 115.4% in the first quarter. Spark Investment Management LLC now owns 71,300 shares of the company’s stock worth $202,000 after acquiring an additional 38,200 shares during the period. GSA Capital Partners LLP grew its holdings in shares of Libbey by 32.2% in the fourth quarter. GSA Capital Partners LLP now owns 53,400 shares of the company’s stock worth $207,000 after acquiring an additional 13,000 shares during the period. Finally, California Public Employees Retirement System grew its holdings in shares of Libbey by 6.7% in the fourth quarter. California Public Employees Retirement System now owns 88,433 shares of the company’s stock worth $343,000 after acquiring an additional 5,558 shares during the period.

Separately, Zacks Investment Research raised Libbey from a “strong sell” rating to a “hold” rating and set a $3.00 price objective for the company in a report on Tuesday, April 30th.

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About Libbey

Libbey Inc designs, produces, and sells tableware and other products in the United States, Canada, Latin America, Europe, the Middle East, Africa, and internationally. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.

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