Verition Fund Management LLC Lowers Holdings in Owens-Illinois, Inc. (OI)

Verition Fund Management LLC lowered its position in shares of Owens-Illinois, Inc. (NYSE:OI) by 40.0% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 20,000 shares of the industrial products company’s stock after selling 13,307 shares during the quarter. Verition Fund Management LLC’s holdings in Owens-Illinois were worth $478,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. DekaBank Deutsche Girozentrale raised its holdings in Owens-Illinois by 104.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,635 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 2,366 shares during the period. Acadian Asset Management LLC acquired a new position in Owens-Illinois in the 2nd quarter worth about $113,000. Acrospire Investment Management LLC raised its holdings in Owens-Illinois by 163.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 6,714 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 4,169 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Owens-Illinois by 113.2% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 4,300 shares during the period. Finally, Flinton Capital Management LLC raised its holdings in Owens-Illinois by 74.4% in the 2nd quarter. Flinton Capital Management LLC now owns 7,200 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 3,072 shares during the period. 95.06% of the stock is owned by institutional investors.

In other news, insider Sergio B.O. Galindo sold 5,477 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $24.93, for a total transaction of $136,541.61. Following the completion of the sale, the insider now directly owns 34,890 shares of the company’s stock, valued at approximately $869,807.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Moyano Giancarlo Currarino sold 1,360 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $23.97, for a total transaction of $32,599.20. Following the sale, the senior vice president now directly owns 23,954 shares of the company’s stock, valued at $574,177.38. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://ledgergazette.com/2017/10/19/verition-fund-management-llc-lowers-holdings-in-owens-illinois-inc-oi.html.

Shares of Owens-Illinois, Inc. (OI) opened at 25.34 on Thursday. The stock has a 50 day moving average price of $24.86 and a 200-day moving average price of $23.34. Owens-Illinois, Inc. has a 52-week low of $16.89 and a 52-week high of $25.90. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 18.36 and a beta of 1.49.

Owens-Illinois (NYSE:OI) last released its earnings results on Monday, July 31st. The industrial products company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Owens-Illinois had a net margin of 3.36% and a return on equity of 72.15%. Owens-Illinois’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. On average, equities research analysts predict that Owens-Illinois, Inc. will post $2.63 EPS for the current fiscal year.

A number of research firms recently weighed in on OI. ValuEngine raised Owens-Illinois from a “buy” rating to a “strong-buy” rating in a report on Friday, October 13th. Zacks Investment Research cut Owens-Illinois from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. UBS AG began coverage on Owens-Illinois in a report on Tuesday, September 5th. They issued a “neutral” rating and a $26.00 price target for the company. Robert W. Baird reaffirmed a “hold” rating and issued a

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. DekaBank Deutsche Girozentrale raised its holdings in Owens-Illinois by 104.3% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,635 shares of the industrial products company’s stock worth $110,000 after purchasing an additional 2,366 shares during the period. Acadian Asset Management LLC acquired a new position in Owens-Illinois in the 2nd quarter worth about $113,000. Acrospire Investment Management LLC raised its holdings in Owens-Illinois by 163.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 6,714 shares of the industrial products company’s stock worth $161,000 after purchasing an additional 4,169 shares during the period. OLD Mutual Customised Solutions Proprietary Ltd. raised its holdings in Owens-Illinois by 113.2% in the 1st quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 8,100 shares of the industrial products company’s stock worth $165,000 after purchasing an additional 4,300 shares during the period. Finally, Flinton Capital Management LLC raised its holdings in Owens-Illinois by 74.4% in the 2nd quarter. Flinton Capital Management LLC now owns 7,200 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 3,072 shares during the period. 95.06% of the stock is owned by institutional investors.

In other news, insider Sergio B.O. Galindo sold 5,477 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $24.93, for a total transaction of $136,541.61. Following the completion of the sale, the insider now directly owns 34,890 shares of the company’s stock, valued at approximately $869,807.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Moyano Giancarlo Currarino sold 1,360 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $23.97, for a total transaction of $32,599.20. Following the sale, the senior vice president now directly owns 23,954 shares of the company’s stock, valued at $574,177.38. The disclosure for this sale can be found here. 1.50% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY WARNING: This story was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of United States & international trademark & copyright laws. The original version of this story can be accessed at https://ledgergazette.com/2017/10/19/verition-fund-management-llc-lowers-holdings-in-owens-illinois-inc-oi.html.

Shares of Owens-Illinois, Inc. (OI) opened at 25.34 on Thursday. The stock has a 50 day moving average price of $24.86 and a 200-day moving average price of $23.34. Owens-Illinois, Inc. has a 52-week low of $16.89 and a 52-week high of $25.90. The stock has a market capitalization of $4.13 billion, a price-to-earnings ratio of 18.36 and a beta of 1.49.

Owens-Illinois (NYSE:OI) last released its earnings results on Monday, July 31st. The industrial products company reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.08. The firm had revenue of $1.75 billion during the quarter, compared to analysts’ expectations of $1.77 billion. Owens-Illinois had a net margin of 3.36% and a return on equity of 72.15%. Owens-Illinois’s revenue for the quarter was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.65 EPS. On average, equities research analysts predict that Owens-Illinois, Inc. will post $2.63 EPS for the current fiscal year.

A number of research firms recently weighed in on OI. ValuEngine raised Owens-Illinois from a “buy” rating to a “strong-buy” rating in a report on Friday, October 13th. Zacks Investment Research cut Owens-Illinois from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. UBS AG began coverage on Owens-Illinois in a report on Tuesday, September 5th. They issued a “neutral” rating and a $26.00 price target for the company. Robert W. Baird reaffirmed a “hold” rating and issued a $25.00 price target on shares of Owens-Illinois in a report on Friday, September 1st. Finally, BidaskClub upgraded Owens-Illinois from a “hold” rating to a “buy” rating in a research note on Thursday, June 29th. Three analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average target price of $25.80.

Owens-Illinois Profile

Owens-Illinois, Inc is a manufacturer of glass container products. The Company’s principal product lines are glass containers for the food and beverage industries. The Company’s segments include Europe, North America, Latin America and Asia Pacific. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine.

Institutional Ownership by Quarter for Owens-Illinois (NYSE:OI)

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