Libbey Inc. (LBY) Stake Lifted by Boston Partners
Boston Partners lifted its holdings in Libbey Inc. (NYSEAMERICAN:LBY) by 19.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,473,895 shares of the company’s stock after purchasing an additional 235,503 shares during the quarter. Boston Partners owned 0.07% of Libbey worth $4,186,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in LBY. BlackRock Inc. grew its stake in shares of Libbey by 63.2% in the third quarter. BlackRock Inc. now owns 438,014 shares of the company’s stock worth $3,832,000 after purchasing an additional 169,676 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Libbey by 133.2% in the third quarter. JPMorgan Chase & Co. now owns 260,578 shares of the company’s stock worth $2,280,000 after purchasing an additional 148,831 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Libbey by 4.4% in the third quarter. Vanguard Group Inc. now owns 1,042,618 shares of the company’s stock worth $9,123,000 after purchasing an additional 44,226 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Libbey by 4.4% in the third quarter. Vanguard Group Inc now owns 1,042,618 shares of the company’s stock worth $9,123,000 after purchasing an additional 44,226 shares in the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of Libbey by 6.7% in the fourth quarter. California Public Employees Retirement System now owns 88,433 shares of the company’s stock worth $343,000 after purchasing an additional 5,558 shares in the last quarter.
Shares of LBY stock opened at $2.44 on Thursday. Libbey Inc. has a fifty-two week low of $2.32 and a fifty-two week high of $11.54.
In other news, CEO Michael P. Bauer bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 10th. The stock was acquired at an average price of $2.54 per share, with a total value of $25,400.00. Following the completion of the purchase, the chief executive officer now directly owns 1,200 shares of the company’s stock, valued at approximately $3,048. The acquisition was disclosed in a filing with the SEC, which is available at this link. Insiders have purchased 21,000 shares of company stock valued at $56,560 in the last ninety days.
Separately, Zacks Investment Research raised Libbey from a “strong sell” rating to a “hold” rating and set a $3.00 target price for the company in a research note on Tuesday, April 30th.
Libbey Inc designs, produces, and sells tableware and other products in the United States, Canada, Latin America, Europe, the Middle East, Africa, and internationally. 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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