NumerixS Investment Technologies Inc Reduces Stock Position in Owens-Illinois Inc (NYSE:OI)

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NumerixS Investment Technologies Inc lowered its position in shares of Owens-Illinois Inc (NYSE:OI) by 28.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,066 shares of the industrial products company’s stock after selling 5,876 shares during the period. NumerixS Investment Technologies Inc’s holdings in Owens-Illinois were worth $260,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in OI. Marshall Wace North America L.P. bought a new position in Owens-Illinois in the first quarter worth about $25,000. First Quadrant L P CA acquired a new stake in Owens-Illinois during the second quarter valued at approximately $25,000. Zions Bancorporation N.A. acquired a new stake in Owens-Illinois during the first quarter valued at approximately $46,000. Steward Partners Investment Advisory LLC acquired a new stake in Owens-Illinois during the second quarter valued at approximately $56,000. Finally, Oppenheimer Asset Management Inc. boosted its holdings in Owens-Illinois by 15.5% during the second quarter. Oppenheimer Asset Management Inc. now owns 6,560 shares of the industrial products company’s stock valued at $113,000 after purchasing an additional 879 shares in the last quarter. 91.62% of the stock is owned by institutional investors and hedge funds.

OI stock traded down $0.20 during trading on Thursday, hitting $10.01. The company had a trading volume of 113,373 shares, compared to its average volume of 2,101,191. The company has a quick ratio of 1.00, a current ratio of 1.53 and a debt-to-equity ratio of 5.72. The firm has a 50-day moving average price of $11.04 and a 200-day moving average price of $16.31. Owens-Illinois Inc has a 12 month low of $9.58 and a 12 month high of $20.78. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of 3.68, a PEG ratio of 1.40 and a beta of 1.56.

Owens-Illinois (NYSE:OI) last posted its quarterly earnings data on Wednesday, July 31st. The industrial products company reported $0.69 earnings per share for the quarter, missing the consensus estimate of $0.76 by ($0.07). Owens-Illinois had a return on equity of 39.73% and a net margin of 3.76%. The company had revenue of $1.80 billion during the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter last year, the firm earned $0.77 EPS. The business’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities analysts expect that Owens-Illinois Inc will post 2.37 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Friday, August 30th were given a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, August 29th. Owens-Illinois’s dividend payout ratio (DPR) is presently 7.35%.

In related news, Director Carol A. Williams acquired 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was purchased at an average price of $12.21 per share, for a total transaction of $122,100.00. Following the transaction, the director now directly owns 60,761 shares of the company’s stock, valued at approximately $741,891.81. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.90% of the company’s stock.

Several brokerages have recently commented on OI. Goldman Sachs Group raised Owens-Illinois from a “sell” rating to a “neutral” rating and reduced their target price for the stock from $17.00 to $13.00 in a report on Monday, August 5th. ValuEngine downgraded Owens-Illinois from a “sell” rating to a “strong sell” rating in a report on Thursday, August 1st. BMO Capital Markets set a $17.00 target price on Owens-Illinois and gave the stock a “hold” rating in a report on Thursday, September 12th. UBS Group reduced their target price on Owens-Illinois from $14.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Finally, Citigroup reduced their target price on Owens-Illinois from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, August 2nd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $17.30.

Owens-Illinois Profile

Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Americas, Europe, and Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The company is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals.

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

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