Libbey Inc. (LBY) Short Interest Up 2.7% in December
Libbey Inc. (NYSEAMERICAN:LBY) saw a large growth in short interest in the month of December. As of December 29th, there was short interest totalling 981,688 shares, a growth of 2.7% from the December 15th total of 956,174 shares. Based on an average daily trading volume, of 232,954 shares, the days-to-cover ratio is presently 4.2 days. Approximately 4.6% of the company’s shares are short sold.
Several research firms have recently issued reports on LBY. Zacks Investment Research upgraded Libbey from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. TheStreet lowered Libbey from a “c-” rating to a “d” rating in a research report on Tuesday, October 31st.
Libbey (LBY) traded down $0.10 during trading on Wednesday, hitting $7.29. The stock had a trading volume of 110,400 shares, compared to its average volume of 198,917. The firm has a market cap of $169.96, a price-to-earnings ratio of -1.82 and a beta of 1.11. Libbey has a 52 week low of $5.81 and a 52 week high of $18.92.
Libbey (NYSEAMERICAN:LBY) last posted its earnings results on Tuesday, October 31st. The company reported ($3.57) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($3.88). The company had revenue of $187.30 million for the quarter, compared to analyst estimates of $193.74 million. Libbey had a negative return on equity of 290.54% and a negative net margin of 41.83%. Libbey’s quarterly revenue was down 4.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.13 earnings per share.
Institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP grew its position in shares of Libbey by 153.4% during the 3rd quarter. GSA Capital Partners LLP now owns 119,100 shares of the company’s stock worth $1,103,000 after buying an additional 72,096 shares during the period. California Public Employees Retirement System lifted its holdings in shares of Libbey by 24.7% during the 3rd quarter. California Public Employees Retirement System now owns 124,726 shares of the company’s stock valued at $1,155,000 after purchasing an additional 24,726 shares in the last quarter. Royce & Associates LP bought a new position in shares of Libbey during the 3rd quarter valued at about $2,222,000. Finally, Spitfire Capital LLC lifted its holdings in shares of Libbey by 6.0% during the 3rd quarter. Spitfire Capital LLC now owns 961,437 shares of the company’s stock valued at $8,903,000 after purchasing an additional 54,281 shares in the last quarter.
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Libbey Company 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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