Federated Investors Inc. PA reduced its stake in shares of Libbey Inc. (NYSE:LBY) by 0.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 140,603 shares of the company’s stock after selling 390 shares during the period. Federated Investors Inc. PA owned approximately 0.64% of Libbey worth $1,133,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in LBY. Russell Investments Group Ltd. raised its holdings in Libbey by 4.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 357,555 shares of the company’s stock worth $2,882,000 after buying an additional 14,475 shares during the period. Strs Ohio raised its holdings in shares of Libbey by 7.3% in the second quarter. Strs Ohio now owns 33,800 shares of the company’s stock valued at $272,000 after purchasing an additional 2,300 shares during the last quarter. Algert Global LLC acquired a new stake in shares of Libbey in the second quarter valued at approximately $159,000. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Libbey by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 88,108 shares of the company’s stock valued at $711,000 after purchasing an additional 513 shares during the last quarter.

Separately, Zacks Investment Research downgraded shares of Libbey from a “hold” rating to a “sell” rating in a report on Wednesday, July 19th.

Shares of Libbey Inc. (NYSE:LBY) opened at 8.25 on Friday. The stock has a 50 day moving average of $8.21 and a 200-day moving average of $9.81. Libbey Inc. has a 12-month low of $7.33 and a 12-month high of $20.76. The firm’s market capitalization is $181.62 million.

Libbey (NYSE:LBY) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. The firm had revenue of $197.50 million for the quarter, compared to analysts’ expectations of $198.29 million. Libbey had a negative return on equity of 2.32% and a negative net margin of 0.42%. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.40 EPS. On average, equities research analysts predict that Libbey Inc. will post $0.30 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 22nd. Stockholders of record on Tuesday, August 8th were given a dividend of $0.1175 per share. This represents a $0.47 dividend on an annualized basis and a dividend yield of 5.70%. The ex-dividend date was Friday, August 4th.

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Libbey Profile

Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.

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Institutional Ownership by Quarter for Libbey (NYSE:LBY)

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