Owens-Illinois, Inc. (NYSE:OI) Experiences Light Trading Volume


Trading volume for Owens-Illinois, Inc. was 95K in the last trading session. Trading volume was down 95.71% under the stocks average daily volume.

Investors are more bearish on Owens-Illinois, Inc. lately if you look at the increase in short interest. The company saw a rise in short interest of 3.61% as of August 31, 2017 from the last reporting period. Short shares grew from 4,213,566 to 4,365,530 over that period. With short interest at 4,365,530 and short average daily volume at 1,078,930, the short-interest ratio is 4.0 and the percentage of shorted shares is 0.03% as of August 31.

Owens-Illinois, Inc. (NYSE:OI) has been the object of insider selling activity recently. SVP, Chief Tech & SC Officer Moyano Giancarlo Currarino disclosed the sale of 1,360 shares of OI stock. The shares were sold on September 8th for an average price of $23.97. The SVP, Chief Tech & SC Officer now owns $541,578 of the stock according to the SEC filing.

The following firms have recently changed their position in OI. As of quarter end Moors & Cabot, Inc. had bought a total of 450 shares growing its stake by 1.5%. The value of the total investment in Owens-Illinois, Inc. increased from $593,000 to $724,000 a change of $131,000 quarter over quarter. Engineers Gate Manager Lp downsized its stake by selling 18,931 shares a decrease of 30.9% from 03/31/2017 to 06/30/2017. Engineers Gate Manager Lp claims 42,425 shares worth $1,015,000. The total value of its holdings decreased 18.8%.

As of the end of the quarter Edmond De Rothschild Holding S.a. had disposed of 1,405,200 shares trimming its position 95.8%. The value of the investment in Owens-Illinois, Inc. went from $29,881,000 to $1,459,000 a change of 95.1% since the last quarter. Baird Financial Group, Inc. grew its holdings by buying 35,863 shares an increase of 133.6% as of 06/30/2017. Baird Financial Group, Inc. controls 62,697 shares valued at $1,500,000. The value of the position overall is up by 174.2%.

On August 7 Barclays maintained a stock rating of “Equal-Weight” and raised the price expectation from $23.00 to $25.00.

The company is trading down from yesterday’s close of 25.48. The stock last traded at $25.44 marginally over $24.46, the 50 day moving average and well above the 200 day moving average of $23.01. The 50 day moving average was up $0.98 and the 200 day average was up $2.43.

The most current P/E ratio is 18.43 and market cap is 4.14B. In the last earnings report the EPS was $1.38 and is expected to be $2.63 for the current year with 162,875,000 shares outstanding. Next quarter’s EPS is expected be $0.56 with next year’s EPS projected to be $2.81.

Owens-Illinois, Inc., launched on March 10, 1987, is a manufacturer of glass container products. The Business’s principal product lines are glass containers for the food and beverage industries. The Business’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine. The Company also produces glass packaging for a range of food items, soft drinks, teas, juices and pharmaceuticals. The Company manufactures glass containers in a range of sizes, shapes and colors. The Company also provides engineering support for its glass manufacturing operations through facilities located in the United States, Australia, France, Poland, Colombia and Peru. As of December 31, 2016, the Company had 79 glass manufacturing plants in 23 countries..