J. Goldman & Company acquired a new stake in Owens-Illinois Inc during the third quarter, according to its most recent disclosure with the SEC.
The hedge fund acquired 52,375 shares of the company’s stock, valued at approximately $1,085,000. Owens-Illinois Inc opened at 17.06 on Tuesday. The company has a 1-year low of $16.63 and a 1-year high of $26.62. The stock has a 50 day moving average price of $18.19 and a 200 day moving average price of $20.86. The firm’s market capitalization is $2.74 billion.
Owens-Illinois last announced earnings results on October 27th, reporting $0.57 earnings per share (EPS) for the quarter, and topping analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.56 billion. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. Analysts predict that Owens-Illinois Inc will post $2.01 EPS for the current year.