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Libbey stake cut by IronBridge Capital Management

LP cut its stake in shares of Libbey Inc. by 2.7% during the third quarter

IronBridge Capital Management LP cut its stake in shares of Libbey Inc. by 2.7% during the third quarter.

LP cut its stake in shares of Libbey Inc. by 2.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 179,346 shares of the company’s stock after selling 5,043 shares during the period. IronBridge Capital Management LP’s holdings in Libbey were worth USD 3,201,000 as of its most recent filing with the SEC.
Other hedge funds have also bought and sold shares of the company. Royal Bank of Canada raised its position in Libbey by 6.7% in the second quarter. Royal Bank of Canada now owns 2,511,349 shares of the company’s stock valued at USD 39,905,000 after buying an additional 158,359 shares in the last quarter. BlackRock Fund Advisors raised its position in Libbey by 7.7% in the third quarter. BlackRock Fund Advisors now owns 610,138 shares of the company’s stock valued at USD 10,891,000 after buying an additional 43,690 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Libbey during the second quarter valued at USD 7,437,000. BlackRock Institutional Trust Company N.A. raised its position in Libbey by 7.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 435,586 shares of the company’s stock valued at USD 7,775,000 after buying an additional 29,237 shares in the last quarter. Finally, Deprince Race & Zollo Inc. raised its position in Libbey by 9.6% in the third quarter. Deprince Race & Zollo Inc. now owns 385,170 shares of the company’s stock valued at USD 6,875,000 after buying an additional 33,769 shares in the last quarter.
Libbey last posted its quarterly earnings results on 3 November. The company reported USD 0.13 earnings per share for the quarter, missing the consensus estimate of USD 0.18 by USD 0.05. The company earned USD 196.90 million during the quarter, compared to analysts’ expectations of USD 198.70 million. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned USD 0.75 earnings per share. On average, equities research analysts predict that Libbey Inc. will post USD 1.02 earnings per share for the current fiscal year.
One analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Libbey currently has an average rating of “Hold” and an average target price of USD 22.67.17

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