O-I Glass Target of Unusually High Options Trading (NYSE:OI)

O-I Glass, Inc. (NYSE:OI) saw unusually large options trading on Thursday. Stock investors purchased 10,087 call options on the company. This represents an increase of 872% compared to the average daily volume of 1,038 call options.

O-I Glass Stock Performance

Shares of OI stock opened at $9.11 on Friday. O-I Glass has a 12-month low of $7.75 and a 12-month high of $16.91. The business’s fifty day simple moving average is $9.03 and its 200-day simple moving average is $11.51. 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 company has a market cap of $1.40 billion, a PE ratio of -7.47, a PEG ratio of 1.16 and a beta of 0.62.

O-I Glass (NYSE:OI) last issued its quarterly earnings results 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). The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.47 billion. O-I Glass had a positive return on equity of 13.65% and a negative net margin of 2.91%.O-I Glass’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.40 EPS. O-I Glass has set its FY 2026 guidance at 1.000-1.500 EPS. Analysts expect that O-I Glass will post 1.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

OI has been the topic of a number of recent research reports. Royal Bank Of Canada dropped their price target on O-I Glass from $14.00 to $11.00 and set an “outperform” rating on the stock in a research report on Thursday, July 9th. UBS Group dropped their target price on shares of O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Zacks Research raised shares of O-I Glass from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Weiss Ratings upgraded shares of O-I Glass from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday. Finally, Bank of America reaffirmed an “underperform” rating and issued a $11.00 price target on shares of O-I Glass in a research report on Tuesday. Four analysts have rated the stock with a Buy rating, two have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, O-I Glass has a consensus rating of “Hold” and an average price target of $13.57.

Insiders Place Their Bets

In other news, SVP Eduardo Restrepo acquired 3,309 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $8.98 per share, with a total value of $29,714.82. Following the completion of the purchase, 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Darrow A. Abrahams purchased 2,774 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were acquired at an average cost of $9.04 per share, with a total value of $25,076.96. Following the completion of the purchase, the senior vice president directly owned 235,928 shares in the company, valued at $2,132,789.12. The trade was a 1.19% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 17,083 shares of company stock valued at $157,312 over the last three months. 1.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On O-I Glass

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its position in O-I Glass by 1.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 37,828 shares of the industrial products company’s stock worth $558,000 after acquiring an additional 701 shares in the last quarter. Barclays PLC grew its stake in shares of O-I Glass by 0.3% during the 4th quarter. Barclays PLC now owns 246,766 shares of the industrial products company’s stock worth $3,642,000 after purchasing an additional 755 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of 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 in the last quarter. ProShare Advisors LLC increased its holdings in shares of O-I Glass by 3.1% in the 4th quarter. ProShare Advisors LLC now owns 29,887 shares of the industrial products company’s stock valued at $441,000 after purchasing an additional 911 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in shares of O-I Glass by 64.1% in the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 918 shares during the period. 97.24% of the stock is currently owned by institutional investors and hedge funds.

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.