Oarsman Capital buys $3,959,391 stake in Owens-Illinois Inc (OI)

Owens-Illinois Inc (OI) : Oarsman Capital scooped up 12,035 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 12, 2016. The investment management firm now holds a total of 213,790 shares of Owens-Illinois Inc which is valued at $3,959,391.Owens-Illinois Inc makes up approximately 1.99% of Oarsman Capital’s portfolio.

Other Hedge Funds, Including , Transamerica Financial Advisors sold out all of its stake in OI during the most recent quarter. The investment firm sold 52 shares of OI which is valued $963. Gsa Capital Partners Llp added OI to its portfolio by purchasing 14,600 company shares during the most recent quarter which is valued at $279,152. Owens-Illinois Inc makes up approx 0.01% of Gsa Capital Partners Llp’s portfolio.Eqis Capital Management boosted its stake in OI in the latest quarter, The investment management firm added 2,294 additional shares and now holds a total of 18,148 shares of Owens-Illinois Inc which is valued at $329,023. Owens-Illinois Inc makes up approx 0.02% of Eqis Capital Management’s portfolio.

Owens-Illinois Inc opened for trading at $18 and hit $18.24 on the upside on Monday, eventually ending the session at $18.11, with a gain of 0.89% or 0.16 points. The heightened volatility saw the trading volume jump to 7,83,586 shares. Company has a market cap of $2,935 M.

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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