O-I Glass
About: O-I Glass is the world's largest manufacturer of glass bottles; 70% of its revenue comes from outside the United States. O-I has a leading position in key markets such as Europe, North America, and Brazil. Beer is the primary end market for O-I's glass bottles, which are also used for wine, soda, spirits, condiments, and food. O-I is looking to maintain or expand its dominant positions in Europe, North America, and South America.
Employees: 23,000
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
321% more call options, than puts
Call options by funds: $9.86M | Put options by funds: $2.34M
2% less funds holding
Funds holding: 269 [Q1] → 264 (-5) [Q2]
2.57% less ownership
Funds ownership: 97.93% [Q1] → 95.35% (-2.57%) [Q2]
10% less first-time investments, than exits
New positions opened: 44 | Existing positions closed: 49
15% less repeat investments, than reductions
Existing positions increased: 87 | Existing positions reduced: 102
34% less capital invested
Capital invested by funds: $2.5B [Q1] → $1.65B (-$845M) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 3 (-3) [Q2]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
RBC Capital Arun Viswanathan 35% 1-year accuracy 18 / 51 met price target | 22%upside $16 | Outperform Maintained | 1 Nov 2024 |
Barclays Michael Leithead 45% 1-year accuracy 5 / 11 met price target | 1%downside $13 | Equal-Weight Maintained | 31 Oct 2024 |
B of A Securities George Staphos 45% 1-year accuracy 5 / 11 met price target | 22%upside $16 | Buy Upgraded | 17 Oct 2024 |
Citigroup Anthony Pettinari 74% 1-year accuracy 25 / 34 met price target | 14%upside $15 | Neutral Maintained | 2 Oct 2024 |
Financial journalist opinion
Based on 7 articles about OI published over the past 30 days
