Macquarie Group Ltd. raised its position in shares of Libbey, Inc. (NYSEAMERICAN:LBY) by 79.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,637 shares of the company’s stock after purchasing an additional 10,900 shares during the period. Macquarie Group Ltd. owned 0.11% of Libbey worth $185,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of LBY. Royce & Associates LP bought a new position in shares of Libbey in the 3rd quarter valued at approximately $2,222,000. California Public Employees Retirement System raised its stake in shares of Libbey by 24.7% in the 3rd quarter. California Public Employees Retirement System now owns 124,726 shares of the company’s stock valued at $1,155,000 after acquiring an additional 24,726 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Libbey by 153.4% in the 3rd quarter. GSA Capital Partners LLP now owns 119,100 shares of the company’s stock valued at $1,103,000 after acquiring an additional 72,096 shares in the last quarter. Alambic Investment Management L.P. bought a new position in shares of Libbey in the 4th quarter valued at approximately $159,000. Finally, Aperio Group LLC bought a new position in shares of Libbey in the 4th quarter valued at approximately $104,000.
Shares of LBY stock opened at $5.67 on Tuesday. Libbey, Inc. has a twelve month low of $4.60 and a twelve month high of $14.38.
Libbey (NYSEAMERICAN:LBY) last issued its quarterly earnings data on Tuesday, February 27th. The company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.31). Libbey had a negative net margin of 41.83% and a negative return on equity of 290.54%. The company had revenue of $224.83 million during the quarter, compared to the consensus estimate of $212.74 million. During the same period in the previous year, the business posted ($0.10) earnings per share. The firm’s revenue was up 8.8% on a year-over-year basis.
Separately, Zacks Investment Research downgraded Libbey from a “hold” rating to a “sell” rating in a research note on Thursday, January 11th.
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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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