Macquarie Group Ltd. Buys 14,400 Shares of Libbey Inc. (LBY)

Macquarie Group Ltd. grew its stake in Libbey Inc. (NYSEAMERICAN:LBY) by 70.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,737 shares of the company’s stock after purchasing an additional 14,400 shares during the period. Macquarie Group Ltd.’s holdings in Libbey were worth $282,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in LBY. Aperio Group LLC raised its stake in shares of Libbey by 58.5% during the 1st quarter. Aperio Group LLC now owns 21,911 shares of the company’s stock worth $107,000 after buying an additional 8,088 shares during the period. Bank of America Corp DE raised its stake in shares of Libbey by 99.0% during the 2nd quarter. Bank of America Corp DE now owns 19,208 shares of the company’s stock worth $156,000 after buying an additional 9,555 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Libbey by 205.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 20,615 shares of the company’s stock worth $101,000 after buying an additional 13,859 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Libbey by 65.2% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 41,800 shares of the company’s stock worth $340,000 after buying an additional 16,500 shares during the period. Finally, Bank of Montreal Can raised its stake in shares of Libbey by 695.4% during the 2nd quarter. Bank of Montreal Can now owns 22,406 shares of the company’s stock worth $182,000 after buying an additional 19,589 shares during the period.

NYSEAMERICAN LBY opened at $7.95 on Tuesday. Libbey Inc. has a one year low of $4.60 and a one year high of $11.54.

Libbey (NYSEAMERICAN:LBY) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $0.18 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.06. Libbey had a negative return on equity of 290.54% and a negative net margin of 41.83%. The firm had revenue of $214.47 million during the quarter.

Several research analysts recently commented on the company. Zacks Investment Research raised Libbey from a “hold” rating to a “buy” rating and set a $8.50 price objective for the company in a research note on Saturday, June 23rd. Dougherty & Co raised Libbey from a “neutral” rating to a “buy” rating and set a $12.00 price objective for the company in a research note on Wednesday, August 1st.

Libbey Profile

Libbey Inc designs, produces, and sells tableware and other products worldwide. It offers glass tableware products, including tumblers, stemware, mugs, bowls, vases, salt and pepper shakers, shot glasses, canisters, candleholders, and other items; storage ware; serve ware; bakeware; handmade glass tableware; and other components for original equipment manufacturers, such as blender jars and mixing bowls.

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Institutional Ownership by Quarter for Libbey (NYSEAMERICAN:LBY)

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