Libbey Inc. (LBY) CEO William A. Foley Buys 3,000 Shares

Libbey Inc. (NYSEAMERICAN:LBY) CEO William A. Foley acquired 3,000 shares of Libbey stock in a transaction on Thursday, March 14th. The shares were purchased at an average price of $3.34 per share, for a total transaction of $10,020.00. Following the completion of the acquisition, the chief executive officer now directly owns 55,732 shares in the company, valued at $186,144.88. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of NYSEAMERICAN:LBY traded down $0.09 on Thursday, reaching $3.28. The company had a trading volume of 466,017 shares, compared to its average volume of 228,780. Libbey Inc. has a 52-week low of $3.25 and a 52-week high of $11.54.

Libbey (NYSEAMERICAN:LBY) last announced its quarterly earnings results on Wednesday, February 20th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.42). The firm had revenue of $211.64 million during the quarter.

Large investors have recently made changes to their positions in the company. Vanguard Group Inc increased its holdings in shares of Libbey by 4.4% in the 3rd quarter. Vanguard Group Inc now owns 1,042,618 shares of the company’s stock valued at $9,123,000 after acquiring an additional 44,226 shares during the period. BlackRock Inc. increased its holdings in shares of Libbey by 63.2% in the 3rd quarter. BlackRock Inc. now owns 438,014 shares of the company’s stock valued at $3,832,000 after acquiring an additional 169,676 shares during the period. Ibex Investors LLC purchased a new position in shares of Libbey in the 3rd quarter valued at $188,000. Bank of America Corp DE increased its holdings in shares of Libbey by 99.0% in the 2nd quarter. Bank of America Corp DE now owns 19,208 shares of the company’s stock valued at $156,000 after acquiring an additional 9,555 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Libbey by 255.0% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 148,385 shares of the company’s stock valued at $1,298,000 after acquiring an additional 106,585 shares during the period.

Separately, Zacks Investment Research upgraded Libbey from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th.

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Libbey Company Profile

Libbey Inc designs, produces, and sells tableware and other products in the United States, Canada, Latin America, Europe, the Middle East, Africa, and internationally. 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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