Atlantic Investment Management buys $225,272,409 stake in Owens-Illinois Inc (OI)

Owens-Illinois Inc (OI) : Atlantic Investment Management scooped up 520,499 additional shares in Owens-Illinois Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 12,163,737 shares of Owens-Illinois Inc which is valued at $225,272,409.Owens-Illinois Inc makes up approximately 24.06% of Atlantic Investment Management’s portfolio.

Other Hedge Funds, Including , Grt Capital Partners L.l.c. boosted its stake in OI in the latest quarter, The investment management firm added 5,869 additional shares and now holds a total of 24,324 shares of Owens-Illinois Inc which is valued at $450,480. Owens-Illinois Inc makes up approx 0.10% of Grt Capital Partners L.l.c.’s portfolio.Proshare Advisors reduced its stake in OI by selling 1,065 shares or 6.25% in the most recent quarter. The Hedge Fund company now holds 15,978 shares of OI which is valued at $295,913.Prudential Plc reduced its stake in OI by selling 1,337 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 686,600 shares of OI which is valued at $12,715,832. Owens-Illinois Inc makes up approx 0.05% of Prudential Plc’s portfolio.Dorsey Whitney Trust Co reduced its stake in OI by selling 16,023 shares or 57.55% in the most recent quarter. The Hedge Fund company now holds 11,819 shares of OI which is valued at $218,888. Owens-Illinois Inc makes up approx 0.05% of Dorsey Whitney Trust Co’s portfolio. Brc Investment Management added OI to its portfolio by purchasing 35,364 company shares during the most recent quarter which is valued at $676,160. Owens-Illinois Inc makes up approx 0.11% of Brc Investment Management’s portfolio.

Owens-Illinois Inc closed down -0.15 points or -0.84% at $17.78 with 11,10,922 shares getting traded on Thursday. Post opening the session at $17.95, the shares hit an intraday low of $17.56 and an intraday high of $18 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Owens-Illinois Inc reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.63. The company had revenue of $1760.00 million for the quarter, compared to analysts expectations of $1727.12 million. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.60 EPS.

Owens-Illinois Inc. is the manufacturer of glass containers. The Company has approximately 75 glass manufacturing plants in over 21 countries. Its product lines include glass containers for the food and beverage industries. The Company operates in four segments: Europe North America South America and Asia Pacific. The Europe segment primarily produces glass containers for beer wine champagne spirits and food markets. The North America segment has glass container manufacturing plants in the United States and Canada. The South America segment primarily produces glass containers for beer non-alcoholic beverages spirits flavored malt beverages wine food and pharmaceuticals markets. The Asia Pacific segment primarily produces glass containers for the beer wine food and non-alcoholic beverage markets. The Company also produces glass packaging for a variety of food items soft drinks teas juices and pharmaceuticals.

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