Russell Investments Group Ltd. increased its position in Libbey Inc. (NYSEAMERICAN:LBY) by 54.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,014,535 shares of the company’s stock after buying an additional 708,430 shares during the quarter. Russell Investments Group Ltd. owned about 0.09% of Libbey worth $16,376,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Aperio Group LLC raised its position in shares of Libbey by 58.5% in the 1st quarter. Aperio Group LLC now owns 21,911 shares of the company’s stock worth $107,000 after buying an additional 8,088 shares during the period. LSV Asset Management raised its position in shares of Libbey by 7.7% in the 1st quarter. LSV Asset Management now owns 175,400 shares of the company’s stock worth $857,000 after buying an additional 12,500 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Libbey by 205.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 20,615 shares of the company’s stock worth $101,000 after buying an additional 13,859 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Libbey by 65.2% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,800 shares of the company’s stock worth $340,000 after buying an additional 16,500 shares during the period. Finally, Bank of Montreal Can raised its position in shares of Libbey by 695.4% in the 2nd quarter. Bank of Montreal Can now owns 22,406 shares of the company’s stock worth $182,000 after buying an additional 19,589 shares during the period.

NYSEAMERICAN:LBY opened at $9.82 on Friday. Libbey Inc. has a 12 month low of $4.60 and a 12 month high of $11.54.

Libbey (NYSEAMERICAN:LBY) last released its quarterly earnings data on Tuesday, July 31st. The company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.12 by $0.06. Libbey had a negative return on equity of 290.54% and a negative net margin of 41.83%. The company had revenue of $214.47 million for the quarter.

LBY has been the topic of several research reports. Zacks Investment Research raised Libbey from a “hold” rating to a “buy” rating and set a $8.50 price objective on the stock in a research report on Saturday, June 23rd. Dougherty & Co raised Libbey from a “neutral” rating to a “buy” rating and set a $12.00 price objective on the stock in a research report on Wednesday, August 1st.

About Libbey

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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Institutional Ownership by Quarter for Libbey (NYSEAMERICAN:LBY)

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