Trinity Street Asset Management Llp buys $26,977,099 stake in Owens-Illinois Inc (OI)

Owens-Illinois Inc (OI) : Trinity Street Asset Management Llp scooped up 19,392 additional shares in Owens-Illinois Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 11, 2016. The investment management firm now holds a total of 1,525,854 shares of Owens-Illinois Inc which is valued at $26,977,099.Owens-Illinois Inc makes up approximately 4.67% of Trinity Street Asset Management Llp’s portfolio.

Other Hedge Funds, Including , Oregon Public Employees Retirement Fund reduced its stake in OI by selling 26,794 shares or 62.28% in the most recent quarter. The Hedge Fund company now holds 16,231 shares of OI which is valued at $286,964. Owens-Illinois Inc makes up approx 0.01% of Oregon Public Employees Retirement Fund’s portfolio.Exxonmobil Investment Management Inc Tx reduced its stake in OI by selling 528 shares or 1.26% in the most recent quarter. The Hedge Fund company now holds 41,385 shares of OI which is valued at $732,515. Owens-Illinois Inc makes up approx 0.02% of Exxonmobil Investment Management Inc Tx’s portfolio.New England Research Management reduced its stake in OI by selling 500 shares or 2.99% in the most recent quarter. The Hedge Fund company now holds 16,200 shares of OI which is valued at $296,784. Owens-Illinois Inc makes up approx 0.25% of New England Research Management’s portfolio.Eqis Capital Management reduced its stake in OI by selling 792 shares or 4.36% in the most recent quarter. The Hedge Fund company now holds 17,356 shares of OI which is valued at $317,962. Owens-Illinois Inc makes up approx 0.02% of Eqis Capital Management’s portfolio.Washington Trust Bank reduced its stake in OI by selling 40 shares or 42.55% in the most recent quarter. The Hedge Fund company now holds 54 shares of OI which is valued at $989.

Owens-Illinois Inc closed down -0.18 points or -1.02% at $17.5 with 14,51,990 shares getting traded on Tuesday. Post opening the session at $17.56, the shares hit an intraday low of $17.35 and an intraday high of $17.63 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.

Many Wall Street Analysts have commented on Owens-Illinois Inc. RBC Capital Mkts Initiated Owens-Illinois Inc on Sep 30, 2016 to “Sector Perform”, Price Target of the shares are set at $18.

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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