Libbey Inc. (LBY) Shares Sold by Rutabaga Capital Management LLC MA

Rutabaga Capital Management LLC MA lowered its stake in shares of Libbey Inc. (NYSE:LBY) by 9.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 694,680 shares of the company’s stock after selling 74,184 shares during the period. Rutabaga Capital Management LLC MA owned approximately 3.16% of Libbey worth $5,599,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in shares of Libbey by 15.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,485,261 shares of the company’s stock valued at $11,971,000 after buying an additional 200,341 shares during the last quarter. State Street Corp raised its position in shares of Libbey by 6.9% during the second quarter. State Street Corp now owns 503,763 shares of the company’s stock valued at $4,060,000 after buying an additional 32,611 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Libbey by 4.2% during the second quarter. Russell Investments Group Ltd. now owns 357,555 shares of the company’s stock valued at $2,882,000 after buying an additional 14,475 shares during the last quarter. Northern Trust Corp raised its position in shares of Libbey by 1.9% during the second quarter. Northern Trust Corp now owns 304,612 shares of the company’s stock valued at $2,455,000 after buying an additional 5,670 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of Libbey by 14.4% during the second quarter. Parametric Portfolio Associates LLC now owns 288,591 shares of the company’s stock valued at $2,326,000 after buying an additional 36,337 shares during the last quarter.

Separately, Zacks Investment Research raised shares of Libbey from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 5th.

Shares of Libbey Inc. (NYSE LBY) traded down 0.556% on Friday, hitting $9.845. 41,677 shares of the stock were exchanged. Libbey Inc. has a one year low of $7.33 and a one year high of $20.76. The company has a 50-day moving average price of $8.63 and a 200-day moving average price of $9.20. The firm’s market capitalization is $216.73 million.

Libbey (NYSE:LBY) last posted its earnings results on Tuesday, August 1st. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.16. The company had revenue of $197.50 million during the quarter, compared to analysts’ expectations of $198.29 million. Libbey had a negative net margin of 0.42% and a negative return on equity of 2.32%. Libbey’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.40 EPS. Equities research analysts expect that Libbey Inc. will post $0.30 earnings per share for the current year.

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Libbey Company Profile

Libbey Inc is engaged in the design, production and sale of tableware and other products. The Company’s segments are U.S. & Canada; Latin America; Europe, the Middle East and Africa (EMEA) and Other. The U.S. & Canada segment includes sales of manufactured and sourced tableware having an end market destination in the United States and Canada, excluding glass products for original equipment manufacturers (OEMs), which remain in the Latin America segment.

Institutional Ownership by Quarter for Libbey (NYSE:LBY)

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