Libbey Inc. (NYSEAMERICAN:LBY) traded down 6% on Wednesday . The stock traded as low as $8.72 and last traded at $8.95. 545,555 shares were traded during mid-day trading, an increase of 129% from the average session volume of 238,707 shares. The stock had previously closed at $9.52.

Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Libbey from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a report on Saturday, June 23rd. Dougherty & Co raised shares of Libbey from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a report on Wednesday, August 1st.

Libbey (NYSEAMERICAN:LBY) last issued its quarterly earnings results on Tuesday, July 31st. The company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.12 by $0.06. Libbey had a negative net margin of 41.83% and a negative return on equity of 290.54%. The company had revenue of $214.47 million during the quarter.

A number of hedge funds and other institutional investors have recently modified their holdings of LBY. Boston Partners lifted its holdings in Libbey by 35.6% in the 1st quarter. Boston Partners now owns 783,810 shares of the company’s stock valued at $3,832,000 after acquiring an additional 205,695 shares during the last quarter. LSV Asset Management lifted its holdings in Libbey by 7.7% in the 1st quarter. LSV Asset Management now owns 175,400 shares of the company’s stock valued at $857,000 after acquiring an additional 12,500 shares during the last quarter. Aperio Group LLC lifted its holdings in Libbey by 58.5% in the 1st quarter. Aperio Group LLC now owns 21,911 shares of the company’s stock valued at $107,000 after acquiring an additional 8,088 shares during the last quarter. Alambic Investment Management L.P. lifted its holdings in Libbey by 208.6% in the 1st quarter. Alambic Investment Management L.P. now owns 65,175 shares of the company’s stock valued at $319,000 after acquiring an additional 44,058 shares during the last quarter. Finally, Investors Research Corp lifted its holdings in Libbey by 105.5% in the 1st quarter. Investors Research Corp now owns 46,850 shares of the company’s stock valued at $229,000 after acquiring an additional 24,050 shares during the last quarter.

About Libbey (NYSEAMERICAN:LBY)

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.

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