Libbey VP sells stock

Kenneth A. Boerger, VP at Libbey, has sold 4,446 shares of the company’s stock. Following the transaction, the vice president now directly owns 30,217 shares of the company’s stock, valued at approximately USD 908,927.

Libbey VP Kenneth A. Boerger reportedly sold 4,446 shares of the company’s stock in a transaction at the end of November. The shares were sold at an average price of USD 30.08, for a total value of USD 133,735.68. Following the transaction, the vice president now directly owns 30,217 shares of the company’s stock, valued at approximately USD 908,927. The sale was disclosed in a legal filing with the SEC.
Libbey has a 52 week low of USD 19.19 and a 52 week high of USD 30.80. The stock has a 50-day moving average of USD 28.0 and a 200-day moving average of USD 26.86. The company’s market cap is USD 640.4 million. Libbey was also the target of a significant decline in short interest during the month of November totalling 502,509 shares on 14 November, a decline of 4.9% from the total of 528,581 shares on 31 October. Based on an average daily volume of 94,891 shares, the short-interest ratio is currently 5.3 days. Approximately 2.4% of the shares of the company are sold short.
Libbey last released its earnings data on Tuesday, 4 November. The company reported USD 0.62 EPS for the quarter, missing the Thomson Reuters consensus estimate of USD 0.67 by USD 0.05. The company had revenue of USD 216.00 million for the quarter, compared to the consensus estimate of USD 217.56 million. During the same quarter in the prior year, the company posted USD 0.21 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis. Analysts expect that Libbey will post USD 2.37 EPS for the current fiscal year.