Russell Investments Group Ltd. Cuts Stake in Libbey Inc. (NYSEAMERICAN:LBY)

Russell Investments Group Ltd. cut its holdings in Libbey Inc. (NYSEAMERICAN:LBY) by 3.8% in the second quarter, HoldingsChannel reports. The firm owned 2,634,211 shares of the company’s stock after selling 103,153 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Libbey worth $4,896,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Alambic Investment Management L.P. purchased a new position in shares of Libbey in the first quarter valued at $32,000. Brave Asset Management Inc. purchased a new position in shares of Libbey in the second quarter valued at $54,000. Royce & Associates LP grew its holdings in shares of Libbey by 17.2% in the first quarter. Royce & Associates LP now owns 1,932,362 shares of the company’s stock valued at $5,488,000 after purchasing an additional 284,113 shares in the last quarter. Spark Investment Management LLC grew its holdings in shares of Libbey by 115.4% in the first quarter. Spark Investment Management LLC now owns 71,300 shares of the company’s stock valued at $202,000 after purchasing an additional 38,200 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in shares of Libbey in the first quarter valued at $147,000.

Separately, Zacks Investment Research lowered shares of Libbey from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd.

In related news, major shareholder Brigade Capital Management, Lp sold 320,000 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $1.75, for a total value of $560,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of LBY stock traded up $0.06 on Friday, reaching $2.97. The company’s stock had a trading volume of 383,800 shares, compared to its average volume of 212,762. Libbey Inc. has a 1 year low of $1.45 and a 1 year high of $9.78.

Libbey (NYSEAMERICAN:LBY) last posted its earnings results on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The company had revenue of $206.16 million for the quarter.

About Libbey

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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Institutional Ownership by Quarter for Libbey (NYSEAMERICAN:LBY)

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