Spark Investment Management LLC Has $202,000 Stake in Libbey Inc. (LBY)
Spark Investment Management LLC lifted its holdings in shares of Libbey Inc. (NYSEAMERICAN:LBY) by 115.4% during the first quarter, Holdings Channel reports. The fund owned 71,300 shares of the company’s stock after purchasing an additional 38,200 shares during the quarter. Spark Investment Management LLC’s holdings in Libbey were worth $202,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Menta Capital LLC increased its position in shares of Libbey by 38.4% during the first quarter. Menta Capital LLC now owns 20,562 shares of the company’s stock worth $58,000 after acquiring an additional 5,700 shares during the last quarter. GSA Capital Partners LLP increased its position in shares of Libbey by 32.2% during the fourth quarter. GSA Capital Partners LLP now owns 53,400 shares of the company’s stock worth $207,000 after acquiring an additional 13,000 shares during the last quarter. California Public Employees Retirement System increased its position in shares of Libbey by 6.7% during the fourth quarter. California Public Employees Retirement System now owns 88,433 shares of the company’s stock worth $343,000 after acquiring an additional 5,558 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Libbey by 9.3% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 162,238 shares of the company’s stock worth $629,000 after acquiring an additional 13,853 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Libbey by 133.2% during the third quarter. JPMorgan Chase & Co. now owns 260,578 shares of the company’s stock worth $2,280,000 after acquiring an additional 148,831 shares during the last quarter.
Shares of NYSEAMERICAN LBY opened at $2.29 on Friday. Libbey Inc. has a 1 year low of $2.20 and a 1 year high of $11.54.
Separately, Zacks Investment Research lowered Libbey from a “hold” rating to a “strong sell” rating in a research report on Saturday, March 2nd.
In other news, CEO Michael P. Bauer acquired 10,000 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was purchased at an average cost of $2.54 per share, with a total value of $25,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 1,200 shares in the company, valued at $3,048. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders purchased 21,000 shares of company stock valued at $56,560.
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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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