Renaissance Technologies LLC Sells 618,400 Shares of O-I Glass, Inc. $OI

Posted by George Bondi on Aug 17th, 2026

Renaissance Technologies LLC lowered its holdings in shares of O-I Glass, Inc. (NYSE:OI – Free Report) by 91.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,700 shares of the industrial products company’s stock after selling 618,400 shares during the quarter. Renaissance Technologies LLC’s holdings in O-I Glass were worth $575,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of OI. Royal Bank of Canada increased its stake in O-I Glass by 33.9% in the first quarter. Royal Bank of Canada now owns 112,800 shares of the industrial products company’s stock worth $1,294,000 after purchasing an additional 28,548 shares during the period. AQR Capital Management LLC boosted its stake in shares of O-I Glass by 154.0% during the first quarter. AQR Capital Management LLC now owns 177,117 shares of the industrial products company’s stock valued at $1,993,000 after purchasing an additional 107,388 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of O-I Glass by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,151 shares of the industrial products company’s stock worth $1,057,000 after purchasing an additional 4,055 shares during the last quarter. United Services Automobile Association bought a new position in shares of O-I Glass in the first quarter worth about $119,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of O-I Glass by 43.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,279 shares of the industrial products company’s stock worth $6,036,000 after purchasing an additional 160,649 shares during the last quarter. Institutional investors own 97.24% of the company’s stock.

Wall Street Analysts Forecast Growth

OI has been the subject of a number of research analyst reports. Wells Fargo & Company decreased their price objective on shares of O-I Glass from $13.00 to $12.00 and set an “overweight” rating for the company in a report on Wednesday, July 15th. Royal Bank Of Canada cut shares of O-I Glass from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from $10.00 to $8.00 in a research report on Thursday. Citigroup dropped their target price on shares of O-I Glass from $10.00 to $8.00 and set a “neutral” rating on the stock in a research note on Friday, July 31st. Truist Financial reduced their target price on shares of O-I Glass from $13.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, July 30th. Finally, Zacks Research raised shares of O-I Glass from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $10.19.

Check Out Our Latest Stock Report on OI

Key Headlines Impacting O-I Glass

Here are the key news stories impacting O-I Glass this week:

Positive Sentiment: Zacks Research raised its EPS estimates for O-I Glass’ first and second quarters of 2028 to $0.66 and $0.72, respectively, from $0.63 and $0.65. These increases suggest analysts still see potential for an earnings recovery over the longer term, although Zacks maintained a “Hold” rating. Zacks Research estimate update
Neutral Sentiment: Zacks’ revisions are mixed: estimates were raised for some 2028 quarters but reduced for several 2026–2027 periods. The firm now projects FY2026 EPS of $0.37 and FY2027 EPS of $1.29, while retaining a “Hold” rating. Zacks Research analysts cut earnings estimates
Negative Sentiment: Zacks sharply lowered its FY2026 EPS forecast to $0.37 from $1.21, cut third-quarter 2026 EPS to $0.14 from $0.51, and reduced fourth-quarter 2026 EPS to $0.09 from $0.39. It also lowered FY2027 EPS to $1.29 from $1.86, with additional cuts to second- and third-quarter 2027 estimates. The revisions indicate a slower recovery than previously expected. Zacks Research earnings estimate revisions
Negative Sentiment: RBC downgraded O-I Glass, citing weak demand and elevated energy costs that are delaying the company’s turnaround. The downgrade reinforces concerns about margins, operating momentum and the timing of earnings recovery. RBC downgrade of O-I Glass

O-I Glass Stock Performance

Shares of O-I Glass stock opened at $6.79 on Monday. The company has a current ratio of 1.26, a quick ratio of 0.77 and a debt-to-equity ratio of 8.89. The stock’s fifty day moving average price is $8.70 and its 200-day moving average price is $10.43. The firm has a market cap of $1.04 billion, a P/E ratio of -0.90, a P/E/G ratio of 2.20 and a beta of 0.66. O-I Glass, Inc. has a 12 month low of $6.61 and a 12 month high of $16.91.

O-I Glass (NYSE:OI – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The industrial products company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.15). O-I Glass had a positive return on equity of 10.40% and a negative net margin of 18.13%.The business had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.68 billion. During the same period last year, the company earned $0.53 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. On average, equities research analysts expect that O-I Glass, Inc. will post 0.42 earnings per share for the current fiscal year.

O-I Glass Profile

(Free Report)

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.