Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp lifted its holdings in shares of Owens-Illinois Inc (NYSE:OI) by 7.9% in the second quarter, according to its most recent filing with the SEC. The firm owned 341,671 shares of the industrial products company’s stock after acquiring an additional 25,000 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned approximately 0.21% of Owens-Illinois worth $5,743,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Point72 Hong Kong Ltd increased its position in shares of Owens-Illinois by 99,050.0% during the 2nd quarter. Point72 Hong Kong Ltd now owns 7,932 shares of the industrial products company’s stock worth $133,000 after purchasing an additional 7,924 shares in the last quarter. TLP Group LLC increased its position in shares of Owens-Illinois by 188,750.0% during the 1st quarter. TLP Group LLC now owns 7,554 shares of the industrial products company’s stock worth $164,000 after purchasing an additional 7,550 shares in the last quarter. Hartford Investment Management Co. acquired a new stake in shares of Owens-Illinois during the 2nd quarter worth about $168,000. Fox Run Management L.L.C. acquired a new stake in shares of Owens-Illinois during the 2nd quarter worth about $172,000. Finally, Sei Investments Co. increased its position in shares of Owens-Illinois by 56.3% during the 1st quarter. Sei Investments Co. now owns 11,665 shares of the industrial products company’s stock worth $253,000 after purchasing an additional 4,200 shares in the last quarter. 93.34% of the stock is owned by institutional investors.

Shares of NYSE:OI opened at $19.50 on Monday. Owens-Illinois Inc has a one year low of $16.22 and a one year high of $25.90. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 5.98. The company has a market cap of $2.77 billion, a PE ratio of 7.36, a price-to-earnings-growth ratio of 0.96 and a beta of 1.42.

Owens-Illinois (NYSE:OI) last issued its quarterly earnings results on Monday, July 23rd. The industrial products company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.74 by $0.03. Owens-Illinois had a net margin of 2.01% and a return on equity of 45.52%. The company had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.81 billion. During the same quarter in the previous year, the company earned $0.75 EPS. equities research analysts forecast that Owens-Illinois Inc will post 2.75 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on OI shares. Robert W. Baird lowered their price objective on shares of Owens-Illinois from $25.00 to $21.00 and set a “neutral” rating for the company in a research report on Wednesday, July 25th. TheStreet cut shares of Owens-Illinois from a “b-” rating to a “c” rating in a research report on Wednesday, June 6th. Citigroup lowered their price objective on shares of Owens-Illinois from $29.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, July 10th. Wells Fargo & Co upgraded shares of Owens-Illinois from an “underperform” rating to a “market perform” rating in a research report on Thursday, May 24th. Finally, Barclays lowered their price objective on shares of Owens-Illinois from $25.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, June 27th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $23.99.

Owens-Illinois Company Profile

Owens-Illinois, Inc, through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in Europe, North America, Latin America, and the Asia Pacific. It produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine.

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

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