Libbey (NYSEAMERICAN:LBY) announced its quarterly earnings results on Tuesday. The company reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.13), Bloomberg Earnings reports. The firm had revenue of $181.91 million for the quarter. Libbey had a negative return on equity of 290.54% and a negative net margin of 41.83%. During the same period in the previous year, the company earned ($0.30) earnings per share.
Libbey stock traded up $0.11 during mid-day trading on Wednesday, reaching $6.26. 104,856 shares of the stock traded hands, compared to its average volume of 207,779. Libbey has a 12-month low of $4.60 and a 12-month high of $10.30.
Institutional investors have recently bought and sold shares of the stock. Aperio Group LLC purchased a new stake in Libbey in the fourth quarter worth about $104,000. Alambic Investment Management L.P. purchased a new stake in Libbey in the fourth quarter worth about $159,000. Virtu Financial LLC purchased a new stake in Libbey in the fourth quarter worth about $163,000. Investors Research Corp purchased a new stake in Libbey in the fourth quarter worth about $171,000. Finally, Macquarie Group Ltd. increased its position in Libbey by 79.3% in the fourth quarter. Macquarie Group Ltd. now owns 24,637 shares of the company’s stock worth $185,000 after buying an additional 10,900 shares in the last quarter.
Separately, Zacks Investment Research upgraded Libbey from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st.
Libbey Company 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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