Springowl Associates Position in Owens Ill (OI) Upped as Stock Price Rose; Brookfield Infrast Partners (BIP) Stake Maintained by Cibc Asset Management Inc

January 13, 2018 - By Marguerite Chambers

Andrew Wallach increased its stake in Owens Ill Inc (OI) by 45.09% based on its latest 2017Q3 regulatory filing with the SEC. Springowl Associates Llc bought 15,000 shares as the company’s stock rose 11.55% with the market. The hedge fund run by Andrew Wallach held 48,268 shares of the consumer durables company at the end of 2017Q3, valued at $1.21 million, up from 33,268 at the end of the previous reported quarter. Springowl Associates Llc who had been investing in Owens Ill Inc for a number of months, seems to be bullish on the $3.66B market cap company. The stock increased 0.76% or $0.17 during the last trading session, reaching $22.44. About 1.45 million shares traded or 11.32% up from the average. Owens-Illinois, Inc. (NYSE:OI) has risen 20.39% since January 13, 2017 and is uptrending. It has outperformed by 3.69% the S&P500.

Cibc Asset Management Inc increased its stake in Brookfield Infrast Partners (BIP) by 45.91% based on its latest 2017Q3 regulatory filing with the SEC. Cibc Asset Management Inc bought 189,568 shares as the company’s stock rose 9.21% with the market. The institutional investor held 602,487 shares of the marine transportation company at the end of 2017Q3, valued at $25.92 million, up from 412,919 at the end of the previous reported quarter. Cibc Asset Management Inc who had been investing in Brookfield Infrast Partners for a number of months, seems to be bullish on the $17.20 billion market cap company. The stock increased 1.06% or $0.46 during the last trading session, reaching $43.67. About 240,071 shares traded. Brookfield Infrastructure Partners L.P. (NYSE:BIP) has risen 38.95% since January 13, 2017 and is uptrending. It has outperformed by 22.25% the S&P500.

Cibc Asset Management Inc, which manages about $15.98B US Long portfolio, decreased its stake in Lyondellbasell Industries N (NYSE:LYB) by 7,101 shares to 21,080 shares, valued at $2.09M in 2017Q3, according to the filing. It also reduced its holding in Ishares Tr (IEV) by 14,910 shares in the quarter, leaving it with 37,380 shares, and cut its stake in Allergan Plc.

Among 9 analysts covering Brookfield Infrastructure Partners (NYSE:BIP), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Brookfield Infrastructure Partners had 33 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Brookfield Infrastructure Partners L.P. (NYSE:BIP) earned “Buy” rating by TD Securities on Friday, November 3. The stock has “Neutral” rating by Credit Suisse on Friday, February 10. Scotia Capital maintained Brookfield Infrastructure Partners L.P. (NYSE:BIP) rating on Thursday, August 6. Scotia Capital has “Sector Perform” rating and $46.50 target. The firm earned “Outperform” rating on Friday, June 16 by Credit Suisse. Credit Suisse maintained Brookfield Infrastructure Partners L.P. (NYSE:BIP) on Friday, September 15 with “Hold” rating. RBC Capital Markets maintained Brookfield Infrastructure Partners L.P. (NYSE:BIP) rating on Thursday, February 4. RBC Capital Markets has “Outperform” rating and $47 target. On Friday, September 8 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Brookfield Infrastructure Partners L.P. (NYSE:BIP) earned “Buy” rating by RBC Capital Markets on Friday, August 4. The stock of Brookfield Infrastructure Partners L.P. (NYSE:BIP) earned “Buy” rating by TD Securities on Wednesday, March 16. The company was maintained on Wednesday, November 1 by BMO Capital Markets.

Since September 1, 2017, it had 0 insider buys, and 2 sales for $169,168 activity. $32,600 worth of Owens-Illinois, Inc. (NYSE:OI) was sold by Currarino Moyano Giancarlo.

Investors sentiment increased to 1.56 in Q3 2017. Its up 0.38, from 1.18 in 2017Q2. It is positive, as 15 investors sold OI shares while 85 reduced holdings. 44 funds opened positions while 112 raised stakes. 149.96 million shares or 1.10% less from 151.63 million shares in 2017Q2 were reported. New York-based Tiaa Cref Inv Lc has invested 0.01% in Owens-Illinois, Inc. (NYSE:OI). Magnetar Fin Ltd Liability Corp reported 20,623 shares stake. Suntrust Banks Incorporated holds 16,984 shares or 0% of its portfolio. Moreover, Hsbc Plc has 0% invested in Owens-Illinois, Inc. (NYSE:OI) for 32,686 shares. Canada Pension Plan Investment Board holds 0.01% in Owens-Illinois, Inc. (NYSE:OI) or 104,800 shares. Moreover, Texas Permanent School Fund has 0.04% invested in Owens-Illinois, Inc. (NYSE:OI). M&R Cap Management Inc accumulated 0.01% or 1,000 shares. 35,505 are owned by Cornercap Counsel. First Allied Advisory Inc holds 0.01% or 10,783 shares in its portfolio. Alliancebernstein Ltd Partnership holds 108,414 shares. Sg Americas Securities Limited Liability Com holds 0% or 11,402 shares. Adirondack Research Mgmt stated it has 3.12% in Owens-Illinois, Inc. (NYSE:OI). 9,700 are held by Renaissance Techs Ltd Liability. Fmr Ltd Co invested in 2.11M shares or 0.01% of the stock. State Of Wisconsin Board invested 0% of its portfolio in Owens-Illinois, Inc. (NYSE:OI).

Among 14 analysts covering Owens-Illinois Inc (NYSE:OI), 3 have Buy rating, 1 Sell and 10 Hold. Therefore 21% are positive. Owens-Illinois Inc had 44 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Owens-Illinois, Inc. (NYSE:OI) has “Neutral” rating given on Wednesday, October 25 by Robert W. Baird. The stock of Owens-Illinois, Inc. (NYSE:OI) earned “Outperform” rating by Credit Suisse on Wednesday, March 2. BMO Capital Markets maintained the stock with “Hold” rating in Friday, September 29 report. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, August 1. The stock has “Neutral” rating by Macquarie Research on Tuesday, November 10. As per Tuesday, October 3, the company rating was maintained by KeyBanc Capital Markets. RBC Capital Markets maintained the shares of OI in report on Tuesday, October 17 with “Hold” rating. RBC Capital Markets initiated it with “Sector Perform” rating and $18 target in Friday, September 30 report. The stock of Owens-Illinois, Inc. (NYSE:OI) has “Hold” rating given on Friday, June 30 by BMO Capital Markets. The company was maintained on Wednesday, July 19 by BMO Capital Markets.

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