Libbey Inc. (NYSEAMERICAN:LBY) major shareholder Brigade Capital Management, Lp sold 320,000 shares of the business’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $1.75, for a total value of $560,000.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
LBY traded down $0.10 during trading hours on Friday, reaching $1.62. 278,800 shares of the company’s stock traded hands, compared to its average volume of 211,394. Libbey Inc. has a 52-week low of $1.57 and a 52-week high of $11.54.
Libbey (NYSEAMERICAN:LBY) last posted its quarterly earnings data on Tuesday, April 30th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.15) by ($0.05). The company had revenue of $175.65 million during the quarter.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Alambic Investment Management L.P. purchased a new position in Libbey during the 1st quarter valued at $32,000. Menta Capital LLC boosted its holdings in Libbey by 38.4% during the 1st quarter. Menta Capital LLC now owns 20,562 shares of the company’s stock valued at $58,000 after acquiring an additional 5,700 shares during the period. Marshall Wace LLP purchased a new position in Libbey during the 1st quarter valued at $147,000. GSA Capital Partners LLP lifted its holdings in shares of Libbey by 32.2% in the 4th quarter. GSA Capital Partners LLP now owns 53,400 shares of the company’s stock worth $207,000 after buying an additional 13,000 shares during the period. Finally, Spark Investment Management LLC lifted its holdings in shares of Libbey by 115.4% in the 1st quarter. Spark Investment Management LLC now owns 71,300 shares of the company’s stock worth $202,000 after buying an additional 38,200 shares during the period.
Separately, Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd.
Libbey Company Profile
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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