On September 30, 2024, COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio) executed a significant transaction involving O-I Glass Inc. The firm added 1,550,954 shares of O-I Glass Inc to its portfolio, marking a 19.82% increase in its position. This acquisition reflects the firm's strategic decision to bolster its investment in the world's largest manufacturer of glass bottles. The transaction was completed at a price of $13.12 per share, impacting the firm's portfolio by 0.74%. Post-transaction, COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio) holds a total of 9,377,046 shares, representing 6.06% of its holdings in O-I Glass Inc.
Profile of COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio)
COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio) is a prominent investment firm based in New York, known for its focus on value investing. The firm manages an equity portfolio valued at $3.1 billion, with top holdings in companies such as Bath & Body Works Inc, Newell Brands Inc, and O-I Glass Inc. The firm's investment strategy is centered around identifying undervalued opportunities in the market, leveraging its expertise to generate substantial returns for its investors. The firm's top sectors include Consumer Cyclical and Technology, reflecting a diversified approach to portfolio management.
Overview of O-I Glass Inc
O-I Glass Inc, headquartered in the USA, is the world's largest manufacturer of glass bottles, with a market capitalization of $1.91 billion. The company operates in a single segment, with a significant portion of its revenue generated outside the United States. O-I Glass Inc has a leading position in key markets such as Europe, North America, and Brazil. The primary end market for O-I's glass bottles is beer, although they are also used for wine, soda, spirits, condiments, and food. The company is focused on maintaining or expanding its dominant positions in Europe, North America, and South America.
Financial Metrics and Valuation of O-I Glass Inc
O-I Glass Inc is currently trading at $12.38, with a GF Value of $14.69, indicating it is modestly undervalued. The stock has a GF Score of 66/100, suggesting poor future performance potential. The company's Balance Sheet Rank is 4/10, reflecting moderate financial strength. Despite a strong earnings growth of 51.10% over three years, the company faces challenges with a low Profitability Rank of 6/10 and a Growth Rank of 1/10.
Performance and Growth Indicators
The stock has experienced a year-to-date price change of -24.42% and a price gain of -5.64% since the transaction. Despite the company's efforts to improve its financial performance, the low Operating Margin growth of 2.70% and a Piotroski F-Score of 4 indicate potential challenges in achieving sustainable growth. The company's Altman Z score of 1.06 suggests financial distress, while the interest coverage ratio of 1.45 highlights potential difficulties in meeting interest obligations.
Industry Context and Competitive Position
O-I Glass Inc operates within the Packaging & Containers industry, focusing on maintaining its leading market positions in Europe, North America, and South America. The company's strategic initiatives aim to enhance its competitive edge in these regions. However, the low Momentum Rank of 4/10 and a GF Value Rank of 10/10 indicate potential challenges in sustaining its market leadership.
Other Notable Investors in O-I Glass Inc
Markel Gayner Asset Management Corp is the largest holder of O-I Glass Inc shares among gurus. Other investment firms, such as Barrow, Hanley, Mewhinney & Strauss, also hold positions in the company. These firms' involvement underscores the interest in O-I Glass Inc within the investment community, despite the challenges the company faces.
Transaction Analysis
The recent acquisition by COOPER CREEK PARTNERS MANAGEMENT LLC (Trades, Portfolio) reflects a strategic move to capitalize on the modest undervaluation of O-I Glass Inc. The transaction's impact on the firm's portfolio is relatively minor at 0.74%, yet it signifies confidence in the company's potential for recovery and growth. As the firm continues to monitor O-I Glass Inc's performance, the investment may yield favorable returns if the company successfully addresses its financial and operational challenges.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
