Owens-Illinois Inc (NYSE:OI) was the recipient of some unusual options trading activity on Monday. Investors bought 2,874 call options on the stock. This is an increase of 941% compared to the average daily volume of 276 call options.

A number of large investors have recently modified their holdings of the stock. IFP Advisors Inc increased its holdings in Owens-Illinois by 18.1% in the 1st quarter. IFP Advisors Inc now owns 22,600 shares of the industrial products company’s stock worth $490,000 after buying an additional 3,457 shares during the period. Mutual of America Capital Management LLC grew its stake in shares of Owens-Illinois by 2.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 138,969 shares of the industrial products company’s stock worth $2,336,000 after purchasing an additional 3,718 shares during the period. Systematic Financial Management LP grew its stake in shares of Owens-Illinois by 6.4% during the 1st quarter. Systematic Financial Management LP now owns 63,290 shares of the industrial products company’s stock worth $1,371,000 after purchasing an additional 3,825 shares during the period. Sei Investments Co. grew its stake 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 during the period. Finally, Canandaigua National Bank & Trust Co. grew its stake in shares of Owens-Illinois by 10.2% during the 1st quarter. Canandaigua National Bank & Trust Co. now owns 46,996 shares of the industrial products company’s stock worth $1,018,000 after purchasing an additional 4,352 shares during the period. Institutional investors own 93.06% of the company’s stock.

Several equities analysts recently commented on OI shares. Citigroup decreased 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. TheStreet lowered shares of Owens-Illinois from a “b-” rating to a “c” rating in a research report on Wednesday, June 6th. Bank of America set a $22.00 price objective on shares of Owens-Illinois and gave the company a “hold” rating in a research report on Wednesday, July 25th. Zacks Investment Research lowered shares of Owens-Illinois from a “hold” rating to a “sell” rating in a research report on Friday, June 22nd. Finally, Barclays decreased 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 assigned a hold rating and three have given a buy rating to the company’s stock. Owens-Illinois presently has an average rating of “Hold” and an average price target of $23.99.

Shares of Owens-Illinois stock opened at $19.36 on Tuesday. The company has a market capitalization of $3.11 billion, a P/E ratio of 7.31, a P/E/G ratio of 1.08 and a beta of 1.43. The company has a quick ratio of 0.76, a current ratio of 1.21 and a debt-to-equity ratio of 5.98. Owens-Illinois has a 52 week low of $16.22 and a 52 week high of $25.90.

Owens-Illinois (NYSE:OI) last issued its quarterly earnings results on Monday, July 23rd. The industrial products company reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ 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 for the quarter, compared to the consensus estimate of $1.81 billion. During the same quarter in the prior year, the company earned $0.75 EPS. analysts expect that Owens-Illinois will post 2.75 EPS for the current fiscal year.

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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