FNY Investment Advisers LLC Takes Position in Libbey Inc. (LBY)

FNY Investment Advisers LLC purchased a new stake in Libbey Inc. (NYSEAMERICAN:LBY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 18,915 shares of the company’s stock, valued at approximately $165,000. FNY Investment Advisers LLC owned about 0.09% of Libbey at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Boston Partners grew its position in shares of Libbey by 39.0% in the second quarter. Boston Partners now owns 1,089,391 shares of the company’s stock valued at $8,856,000 after purchasing an additional 305,581 shares during the last quarter. Bank of Montreal Can boosted its position in Libbey by 695.4% during the second quarter. Bank of Montreal Can now owns 22,406 shares of the company’s stock worth $182,000 after acquiring an additional 19,589 shares during the last quarter. Renaissance Technologies LLC boosted its position in Libbey by 10.3% during the second quarter. Renaissance Technologies LLC now owns 750,200 shares of the company’s stock worth $6,099,000 after acquiring an additional 70,100 shares during the last quarter. Albion Financial Group UT boosted its position in Libbey by 33.8% during the second quarter. Albion Financial Group UT now owns 47,284 shares of the company’s stock worth $384,000 after acquiring an additional 11,940 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Libbey by 4.3% during the second quarter. Royce & Associates LP now owns 1,374,265 shares of the company’s stock worth $11,173,000 after acquiring an additional 56,581 shares during the last quarter.

Shares of NYSEAMERICAN LBY opened at $7.56 on Wednesday. Libbey Inc. has a 1 year low of $4.60 and a 1 year high of $11.54.

Libbey (NYSEAMERICAN:LBY) last announced its earnings results on Tuesday, July 31st. The company reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.06. The firm had revenue of $214.47 million for the quarter. Libbey had a negative net margin of 41.83% and a negative return on equity of 290.54%.

Separately, Dougherty & Co upgraded shares of Libbey from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research report 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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