Libbey Inc. (NYSEAMERICAN:LBY) saw a significant growth in short interest in the month of December. As of December 29th, there was short interest totalling 981,688 shares, a growth of 2.7% from the December 15th total of 956,174 shares. Based on an average trading volume of 232,954 shares, the days-to-cover ratio is presently 4.2 days. Currently, 4.6% of the shares of the stock are sold short.
A number of research firms have recently commented on LBY. Zacks Investment Research lowered shares of Libbey from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. TheStreet lowered shares of Libbey from a “c-” rating to a “d” rating in a research report on Tuesday, October 31st.
Institutional investors have recently made changes to their positions in the business. Spitfire Capital LLC lifted its position in Libbey by 6.0% during the third quarter. Spitfire Capital LLC now owns 961,437 shares of the company’s stock valued at $8,903,000 after purchasing an additional 54,281 shares during the last quarter. Royce & Associates LP bought a new stake in Libbey during the third quarter valued at approximately $2,222,000. GSA Capital Partners LLP lifted its position in Libbey by 153.4% during the third quarter. GSA Capital Partners LLP now owns 119,100 shares of the company’s stock valued at $1,103,000 after purchasing an additional 72,096 shares during the last quarter. Finally, California Public Employees Retirement System lifted its position in Libbey by 24.7% during the third quarter. California Public Employees Retirement System now owns 124,726 shares of the company’s stock valued at $1,155,000 after purchasing an additional 24,726 shares during the last quarter.
Libbey (LBY) opened at $7.71 on Friday. Libbey has a 1 year low of $5.81 and a 1 year high of $18.62. The company has a market cap of $169.96, a P/E ratio of -1.92 and a beta of 1.11.
Libbey (NYSEAMERICAN:LBY) last announced its earnings results on Tuesday, October 31st. The company reported ($3.57) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($3.88). Libbey had a negative net margin of 41.83% and a negative return on equity of 290.54%. The company had revenue of $187.30 million for the quarter, compared to the consensus estimate of $193.74 million. During the same quarter in the previous year, the firm earned $0.13 earnings per share. The company’s revenue for the quarter was down 4.9% compared to the same quarter last year.
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.
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