SG Americas Securities LLC lowered its stake in shares of Owens-Illinois, Inc. (NYSE:OI) by 33.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 47,277 shares of the industrial products company’s stock after selling 23,630 shares during the period. SG Americas Securities LLC’s holdings in Owens-Illinois were worth $1,131,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Sigma Planning Corp raised its position in Owens-Illinois by 0.5% in the second quarter. Sigma Planning Corp now owns 21,460 shares of the industrial products company’s stock valued at $513,000 after buying an additional 100 shares during the last quarter. Atria Investments LLC raised its position in Owens-Illinois by 1.3% in the second quarter. Atria Investments LLC now owns 11,342 shares of the industrial products company’s stock valued at $271,000 after buying an additional 142 shares during the last quarter. Contravisory Investment Management Inc. raised its position in Owens-Illinois by 1.5% in the second quarter. Contravisory Investment Management Inc. now owns 13,982 shares of the industrial products company’s stock valued at $334,000 after buying an additional 203 shares during the last quarter. Teacher Retirement System of Texas raised its position in Owens-Illinois by 2.4% in the second quarter. Teacher Retirement System of Texas now owns 12,347 shares of the industrial products company’s stock valued at $295,000 after buying an additional 287 shares during the last quarter. Finally, Baird Financial Group Inc. raised its position in Owens-Illinois by 1.8% in the first quarter. Baird Financial Group Inc. now owns 26,834 shares of the industrial products company’s stock valued at $547,000 after buying an additional 463 shares during the last quarter. Institutional investors and hedge funds own 95.05% of the company’s stock.

Shares of Owens-Illinois, Inc. (NYSE OI) opened at 24.91 on Friday. Owens-Illinois, Inc. has a 52-week low of $16.80 and a 52-week high of $25.02. The stock has a 50 day moving average of $24.20 and a 200 day moving average of $22.19. The company has a market cap of $4.06 billion, a P/E ratio of 18.05 and a beta of 1.50.

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

ILLEGAL ACTIVITY NOTICE: “SG Americas Securities LLC Sells 23,630 Shares of Owens-Illinois, Inc. (OI)” was published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/09/02/sg-americas-securities-llc-sells-23630-shares-of-owens-illinois-inc-oi.html.

A number of equities analysts have commented on the stock. BidaskClub lowered shares of Owens-Illinois from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Robert W. Baird reiterated a “hold” rating and issued a $25.00 price objective on shares of Owens-Illinois in a report on Friday. Royal Bank Of Canada reiterated a “hold” rating and issued a $24.00 price objective on shares of Owens-Illinois in a report on Friday, July 14th. Zacks Investment Research upgraded shares of Owens-Illinois from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Wednesday, June 14th. Finally, ValuEngine upgraded shares of Owens-Illinois from a “buy” rating to a “strong-buy” rating in a report on Thursday, July 6th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Owens-Illinois presently has a consensus rating of “Hold” and an average price target of $25.33.

About Owens-Illinois

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)

Receive News & Stock Ratings for Owens-Illinois Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens-Illinois Inc. and related stocks with our FREE daily email newsletter.