Libbey Inc. (NYSEAMERICAN:LBY) saw an uptick in trading volume on Thursday . 1,256,836 shares changed hands during trading, an increase of 482% from the previous session’s volume of 215,861 shares.The stock last traded at $1.78 and had previously closed at $1.69.
Separately, Zacks Investment Research downgraded Libbey from a “buy” rating to a “hold” rating in a research note on Wednesday, July 3rd.
Libbey (NYSEAMERICAN:LBY) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.03). The company had revenue of $206.16 million during the quarter.
A number of hedge funds and other institutional investors have recently modified their holdings of LBY. Alambic Investment Management L.P. bought a new position in Libbey in the 1st quarter worth approximately $32,000. Menta Capital LLC increased its position in Libbey by 38.4% in the 1st quarter. Menta Capital LLC now owns 20,562 shares of the company’s stock worth $58,000 after buying an additional 5,700 shares during the period. Marshall Wace LLP bought a new position in Libbey in the 1st quarter worth approximately $147,000. Spark Investment Management LLC increased its position in Libbey by 115.4% in the 1st quarter. Spark Investment Management LLC now owns 71,300 shares of the company’s stock worth $202,000 after buying an additional 38,200 shares during the period. Finally, California Public Employees Retirement System increased its position in shares of Libbey by 6.7% during the fourth quarter. California Public Employees Retirement System now owns 88,433 shares of the company’s stock valued at $343,000 after purchasing an additional 5,558 shares during the period.
About Libbey (NYSEAMERICAN:LBY)
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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