Drill Craig A Lowers stake in Libbey (LBY)

Libbey (LBY) : Drill Craig A reduced its stake in Libbey by 2.28% during the most recent quarter end. The investment management company now holds a total of 573,316 shares of Libbey which is valued at $9.9 Million after selling 13,400 shares in Libbey , the firm said in a disclosure report filed with the SEC on May 11, 2016.Libbey makes up approximately 24.58% of Drill Craig A’s portfolio.

Other Hedge Funds, Including , Gsa Capital Partners Llp sold out all of its stake in LBY during the most recent quarter. The investment firm sold 12,002 shares of LBY which is valued $206,314.Manufacturers Life Insurance Company The boosted its stake in LBY in the latest quarter, The investment management firm added 132 additional shares and now holds a total of 14,826 shares of Libbey which is valued at $254,859.Blackrock Advisors boosted its stake in LBY in the latest quarter, The investment management firm added 901 additional shares and now holds a total of 10,623 shares of Libbey which is valued at $182,609.Tiaa Cref Investment Management boosted its stake in LBY in the latest quarter, The investment management firm added 11,809 additional shares and now holds a total of 89,673 shares of Libbey which is valued at $1.6 Million.

Libbey closed down -0.02 points or -0.12% at $17.17 with 85,229 shares getting traded on Monday. Post opening the session at $17.09, the shares hit an intraday low of $16.95 and an intraday high of $17.4 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Libbey reported $0.16 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $0.06. The company had revenue of $182.80 million for the quarter, compared to analysts expectations of $184.29 million. The company’s revenue was down -2.5 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.14 EPS.

Libbey Inc. is a manufacturer and marketer of glass tableware products. The Company produces glass tableware in five countries and sells to customers in over 100 countries. The Company designs and markets its products under its Libbey Crisa Royal Leerdam World Tableware Syracuse China and Crisal Glass brand names among others. The Company operates the following segments: Americas which includes global sales of manufactured and sourced glass tableware having an end market destination in North and South America; EMEA which includes global sales of manufactured and sourced glass tableware having an end market destination in Europe the Middle East and Africa; U.S. Sourcing which includes the United States sales of sourced ceramic dinnerware metal tableware hollowware and serveware and Other which includes worldwide sales of manufactured and sourced glass tableware having an end market destination in Asia Pacific.

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