Libbey Inc. (LBY) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in Libbey Inc. (NYSEAMERICAN:LBY) by 10.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 750,200 shares of the company’s stock after purchasing an additional 70,100 shares during the quarter. Renaissance Technologies LLC owned 3.39% of Libbey worth $6,099,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Aperio Group LLC increased its holdings in shares of Libbey by 58.5% in the 1st quarter. Aperio Group LLC now owns 21,911 shares of the company’s stock valued at $107,000 after purchasing an additional 8,088 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Libbey by 205.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 20,615 shares of the company’s stock valued at $101,000 after purchasing an additional 13,859 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Libbey by 65.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,800 shares of the company’s stock valued at $340,000 after purchasing an additional 16,500 shares in the last quarter. Bank of Montreal Can increased its holdings in shares of Libbey by 695.4% in the 2nd quarter. Bank of Montreal Can now owns 22,406 shares of the company’s stock valued at $182,000 after purchasing an additional 19,589 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Libbey by 1.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,457,416 shares of the company’s stock valued at $11,849,000 after purchasing an additional 19,686 shares in the last quarter.

LBY has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Libbey from a “hold” rating to a “buy” rating and set a $8.50 target price for the company in a report on Saturday, June 23rd. Dougherty & Co upgraded shares of Libbey from a “neutral” rating to a “buy” rating and set a $12.00 target price for the company in a report on Wednesday, August 1st.

NYSEAMERICAN:LBY opened at $7.26 on Friday. Libbey Inc. has a twelve month low of $4.60 and a twelve month high of $11.54.

Libbey (NYSEAMERICAN:LBY) last posted its earnings results on Tuesday, July 31st. The company reported $0.18 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.06. Libbey had a negative net margin of 41.83% and a negative return on equity of 290.54%. The firm had revenue of $214.47 million during the quarter.

About Libbey

Libbey Inc designs, produces, and sells tableware and other products worldwide. 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.

Further Reading: Does the discount rate affect the economy?

Want to see what other hedge funds are holding LBY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Libbey Inc. (NYSEAMERICAN:LBY).

Institutional Ownership by Quarter for Libbey (NYSEAMERICAN:LBY)

Receive News & Ratings for Libbey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Libbey and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply