Owens-Illinois, Inc. (NYSE:OI) Upgraded to "Strong-Buy" at BidaskClub

Finally, CrestPoint Capital Management LLC raised its position in Owens-Illinois by 35.9% in the first quarter. (NYSE:OI) by 918.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,053,180 shares of the industrial products company's stock after buying an additional 949,734 shares during the period. Meeder Asset Management Inc. now owns 39,967 shares of the industrial products company's stock worth $815,000 after buying an additional 854 shares during the last quarter.

Several other large investors have also bought and sold shares of OI. DekaBank Deutsche Girozentrale boosted its position in shares of Owens-Illinois by 104.3% in the second quarter. KAMES CAPITAL plc purchased a new position in Owens-Illinois during the first quarter valued at approximately $692,000.

Golub Group LLC grew its investment by buying 12,645 shares an increase of 0.9%. James Investment Research Inc. acquired a new position in Owens-Illinois during the first quarter valued at approximately $149,000. BidaskClub cut shares of Owens-Illinois from a "strong-buy" rating to a "buy" rating in a report on Tuesday, July 25th. The value in dollars went from $25,853,000 to $43,377,000 a change of 67.8% since the last quarter. Institutional investors own 95.50% of the company's stock.

ILLEGAL ACTIVITY NOTICE: "Owens-Illinois, Inc". The stock had a trading volume of 1,625,334 shares. The company has a 50-day moving average of $24.14 and a 200-day moving average of $21.70. The company has a market cap of $3.89 billion, a PE ratio of 17.32 and a beta of 1.50.

Owens-Illinois (NYSE:OI) last released its earnings results on Monday, July 31st. The industrial products company reported $0.75 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.67 by $0.08. The business had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.77 billion. Owens-Illinois had a return on equity of 80.74% and a net margin of 2.84%. The company's quarterly revenue was down.5% on a year-over-year basis. During the same period previous year, the business earned $0.65 EPS. In the latest earnings report the EPS was $1.38 and is estimated to be $2.63 for the current year with 162,875,000 shares now outstanding. If you are accessing this story on another site, it was stolen and republished in violation of US & worldwide copyright legislation. The legal version of this story can be viewed at https://www.themarketsdaily.com/2017/08/12/owens-illinois-inc-nyseoi-downgraded-to-hold-at-bidaskclub-updated.html.

BidaskClub raised Owens-Illinois from a "hold" rating to a "buy" rating in a research report on Thursday, June 29th. Zacks Investment Research upgraded shares of Owens-Illinois from a "hold" rating to a "buy" rating and set a $26.00 price target on the stock in a report on Wednesday, June 14th.

On August 7 Barclays left the company rating at "Equal-Weight" and moved up the price target to $25.00 from $23.00. ValuEngine upgraded shares of Owens-Illinois from a "buy" rating to a "strong-buy" rating in a report on Thursday, July 6th. Finally, Citigroup Inc. decreased their price objective on Owens-Illinois from $28.00 to $24.00 and set an "underweight" rating for the company in a report on Friday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company's stock.

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