O-I GlassOI
Market Cap: $1.94B
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
3% less funds holding
Funds holding: 269 [Q1] → 262 (-7) [Q2]
3.01% less ownership
Funds ownership: 96.25% [Q1] → 93.25% (-3.01%) [Q2]
14% less first-time investments, than exits
New positions opened: 43 | Existing positions closed: 50
17% less repeat investments, than reductions
Existing positions increased: 85 | Existing positions reduced: 103
34% less capital invested
Capital invested by funds: $2.45B [Q1] → $1.62B (-$839M) [Q2]
50% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 3 (-3) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
RBC Capital Arun Viswanathan 57% 1-year accuracy 35 / 61 met price target | 44%upside $18 | Outperform Maintained | 5 Aug 2024 |
Barclays Michael Leithead 70% 1-year accuracy 14 / 20 met price target | 12%upside $14 | Equal-Weight Maintained | 1 Aug 2024 |
Truist Securities Michael Roxland 70% 1-year accuracy 33 / 47 met price target | 28%upside $16 | Buy Reiterated | 1 Aug 2024 |
Baird Ghansham Panjabi 48% 1-year accuracy 13 / 27 met price target | 44%upside $18 | Outperform Maintained | 1 Aug 2024 |
UBS Curt Woodworth 29% 1-year accuracy 4 / 14 met price target | 44%upside $18 | Buy Maintained | 17 Jul 2024 |