O-I Glass, Inc. $OI Stock Holdings Increased by Private Management Group Inc.

Private Management Group Inc. boosted its holdings in shares of O-I Glass, Inc. (NYSE:OI) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,083,693 shares of the industrial products company’s stock after purchasing an additional 189,939 shares during the period. Private Management Group Inc.’s holdings in O-I Glass were worth $29,696,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in OI. Farther Finance Advisors LLC increased its holdings in shares of O-I Glass by 87.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock valued at $26,000 after buying an additional 830 shares in the last quarter. Headlands Technologies LLC acquired a new position in shares of O-I Glass in the 2nd quarter worth $29,000. Quarry LP acquired a new position in shares of O-I Glass in the 4th quarter worth $32,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of 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 worth $32,000 after acquiring an additional 2,192 shares during the last quarter. Finally, State of Wyoming acquired a new stake in shares of O-I Glass during the second quarter worth $35,000. Institutional investors and hedge funds own 97.24% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on OI. Truist Financial decreased their price target on O-I Glass from $13.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Zacks Research upgraded O-I Glass from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings upgraded O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, August 14th. Citigroup raised shares of O-I Glass from a “neutral” rating to a “buy” rating and upped their price objective for the company from $8.00 to $9.00 in a research note on Friday, August 21st. Finally, BNP Paribas Exane cut shares of O-I Glass from an “outperform” rating to a “neutral” rating and set a $8.50 target price for the company. in a report on Thursday, July 30th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, O-I Glass presently has an average rating of “Hold” and a consensus price target of $10.31.

O-I Glass Price Performance

OI opened at $7.39 on Friday. The firm has a market capitalization of $1.14 billion, a P/E ratio of -0.98, a PEG ratio of 2.63 and a beta of 0.66. The stock has a fifty day moving average of $8.32 and a 200-day moving average of $9.85. The company has a quick ratio of 0.77, a current ratio of 1.26 and a debt-to-equity ratio of 8.89. O-I Glass, Inc. has a 12-month low of $6.29 and a 12-month high of $16.91.

O-I Glass (NYSE:OI) last issued its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.15). The business had revenue of $1.67 billion for the quarter, compared to analysts’ expectations of $1.68 billion. O-I Glass had a negative net margin of 18.13% and a positive return on equity of 10.40%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.53 EPS. Equities analysts forecast that O-I Glass, Inc. will post 0.39 EPS for the current fiscal year.

Key Headlines Impacting O-I Glass

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

• Positive Sentiment: Zacks Research raised its FY2028 EPS forecast slightly to $2.67 from $2.66. It also increased estimates for Q1 2028 to $0.67 from $0.66, Q2 2028 to $0.75 from $0.72, and Q4 2027 to $0.31 from $0.21, indicating expectations for stronger longer-term earnings growth.
• Neutral Sentiment: Zacks maintained a “Hold” rating on O-I Glass. Its projected FY2028 EPS of $2.67 is considerably above the $0.26 estimate for FY2026, but the forecast remains several years out and may be subject to significant execution and industry risks.
• Negative Sentiment: Near-term estimates were reduced: FY2026 EPS fell to $0.26 from $0.37, Q3 2026 to $0.07 from $0.14, Q4 2026 to $0.05 from $0.09, and Q1 2027 to $0.24 from $0.30. Q2 2027 was also lowered to $0.38 from $0.42, signaling pressure on near-term earnings.
• Negative Sentiment: The estimate reductions follow O-I Glass’s latest quarterly results, which missed analysts’ EPS expectations and showed year-over-year revenue decline. The company’s high leverage and negative net margin add to the risk if operating performance remains weak.

O-I Glass 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.