O-I Glass (NYSE:OI) SVP Buys $29,714.82 in Stock

O-I Glass, Inc. (NYSE:OI) SVP Eduardo Restrepo acquired 3,309 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $8.98 per share, with a total value of $29,714.82. Following the acquisition, the senior vice president directly owned 94,199 shares of the company’s stock, valued at $845,907.02. This represents a 3.64% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

O-I Glass Stock Performance

OI traded down $0.55 on Friday, reaching $8.33. The stock had a trading volume of 1,870,460 shares, compared to its average volume of 2,268,371. O-I Glass, Inc. has a 12-month low of $8.00 and a 12-month high of $16.91. The company has a current ratio of 1.26, a quick ratio of 0.73 and a debt-to-equity ratio of 3.35. The business’s 50-day moving average price is $10.37 and its two-hundred day moving average price is $12.96. The company has a market cap of $1.28 billion, a P/E ratio of -6.82, a price-to-earnings-growth ratio of 1.03 and a beta of 0.65.

O-I Glass (NYSE:OI) last released its quarterly earnings data on Tuesday, April 28th. The industrial products company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.04). O-I Glass had a negative net margin of 2.91% and a positive return on equity of 13.65%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.47 billion. During the same period in the previous year, the firm posted $0.40 EPS. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Sell-side analysts forecast that O-I Glass, Inc. will post 1.2 earnings per share for the current year.

Key O-I Glass News

Here are the key news stories impacting O-I Glass this week:

• Positive Sentiment: Traders bought 2,354 call options on O-I Glass, a large jump versus normal activity, suggesting some investors are betting on a rebound.
• Neutral Sentiment: Zacks Research slightly raised its Q4 2026 EPS estimate to $0.35 from $0.34, indicating a modest improvement in that quarter.
• Negative Sentiment: Zacks Research cut its Q2 2026 EPS estimate to $0.29 from $0.51, a sizable reduction that signals weaker near-term profitability.
• Negative Sentiment: The firm also lowered FY2026 EPS to $1.21 from $1.67 and FY2027 EPS to $1.78 from $2.09, pointing to a more cautious longer-term outlook.
• Negative Sentiment: Additional forecast cuts were made for several quarters from late 2026 through 2028, reinforcing concerns about earnings momentum.
• Negative Sentiment: The repeated downgrade pressure and “Strong Sell” stance are likely contributing to the stock’s weakness today. O-I Glass (OI) price target decreased by 20.27% to 13.37

Hedge Funds Weigh In On O-I Glass

Institutional investors and hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted its holdings in O-I Glass by 87.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 830 shares during the last quarter. Headlands Technologies LLC acquired a new position in O-I Glass in the 2nd quarter valued at about $29,000. Quarry LP acquired a new position in O-I Glass in the 4th quarter valued at about $32,000. Caitong International Asset Management Co. Ltd boosted its holdings in O-I Glass by 36,533.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock valued at $32,000 after purchasing an additional 2,192 shares during the last quarter. Finally, State of Wyoming acquired a new position in shares of O-I Glass in the 2nd quarter worth approximately $35,000. 97.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on OI. UBS Group dropped their price objective on shares of O-I Glass from $21.00 to $18.00 and set a “buy” rating for the company in a research note on Friday, April 10th. Citigroup dropped their price objective on shares of O-I Glass from $12.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, May 4th. Royal Bank Of Canada set a $14.00 price objective on shares of O-I Glass in a research note on Friday, April 17th. Truist Financial reaffirmed a “buy” rating and set a $14.00 price objective (down from $15.00) on shares of O-I Glass in a research note on Thursday, April 30th. Finally, Zacks Research cut shares of O-I Glass from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, two have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, O-I Glass has a consensus rating of “Hold” and a consensus target price of $15.50.

O-I Glass Company Profile

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.