BlackRock Inc. Cuts Stake in Libbey, Inc. (LBY)

BlackRock Inc. lessened its stake in shares of Libbey, Inc. (NYSEAMERICAN:LBY) by 1.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 1,260,279 shares of the company’s stock after selling 18,739 shares during the quarter. BlackRock Inc. owned about 5.72% of Libbey worth $9,477,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Aperio Group LLC bought a new position in Libbey during the fourth quarter worth about $104,000. California Public Employees Retirement System increased its position in Libbey by 24.7% during the third quarter. California Public Employees Retirement System now owns 124,726 shares of the company’s stock worth $1,155,000 after acquiring an additional 24,726 shares during the period. Alambic Investment Management L.P. bought a new position in Libbey during the fourth quarter worth about $159,000. Bank of New York Mellon Corp increased its position in Libbey by 55.4% during the fourth quarter. Bank of New York Mellon Corp now owns 354,668 shares of the company’s stock worth $2,666,000 after acquiring an additional 126,508 shares during the period. Finally, Wells Fargo & Company MN increased its position in Libbey by 105.2% during the fourth quarter. Wells Fargo & Company MN now owns 56,789 shares of the company’s stock worth $427,000 after acquiring an additional 29,116 shares during the period.

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LBY stock opened at $5.70 on Thursday. Libbey, Inc. has a 12 month low of $4.60 and a 12 month high of $11.17.

Libbey (NYSEAMERICAN:LBY) last released its earnings results on Tuesday, February 27th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.29 by ($0.31). Libbey had a negative net margin of 41.83% and a negative return on equity of 290.54%. The firm had revenue of $224.83 million during the quarter, compared to the consensus estimate of $212.74 million. During the same period in the prior year, the business earned ($0.10) earnings per share. Libbey’s quarterly revenue was up 8.8% compared to the same quarter last year.

Separately, Zacks Investment Research lowered shares of Libbey from a “hold” rating to a “sell” rating in a research report on Thursday, January 11th.

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Libbey Company Profile

Libbey Inc designs, produces, and sells tableware and other products worldwide. 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.

Institutional Ownership by Quarter for Libbey (NYSEAMERICAN:LBY)

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