Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of Libbey Inc. (NYSEAMERICAN:LBY) by 255.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 148,385 shares of the company’s stock after buying an additional 106,585 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.67% of Libbey worth $1,298,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of LBY. Bank of Montreal Can raised its position in Libbey by 695.4% during the 2nd quarter. Bank of Montreal Can now owns 22,406 shares of the company’s stock worth $182,000 after buying an additional 19,589 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new position in Libbey during the 2nd quarter worth approximately $246,000. LMR Partners LLP purchased a new position in Libbey during the 2nd quarter worth approximately $489,000. Boston Partners raised its position in Libbey by 39.0% during the 2nd quarter. Boston Partners now owns 1,089,391 shares of the company’s stock worth $8,856,000 after buying an additional 305,581 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in Libbey by 54.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,014,535 shares of the company’s stock worth $16,376,000 after buying an additional 708,430 shares during the last quarter.
NYSEAMERICAN:LBY opened at $5.18 on Friday. Libbey Inc. has a 1-year low of $4.60 and a 1-year high of $11.54.
Libbey (NYSEAMERICAN:LBY) last posted its earnings results on Tuesday, November 6th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.37). The firm had revenue of $191.56 million for the quarter.
Separately, Zacks Investment Research lowered shares of Libbey from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 13th.
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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.
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