Libbey Inc (NYSEMKT:LBY): Institutional Investors Are Worried


Sentiment for Libbey Inc (NYSEMKT:LBY)

Libbey Inc (NYSEMKT:LBY) institutional sentiment decreased to 0.72 in 2018 Q2. Its down -0.12, from 0.84 in 2018Q1. The ratio dived, as 33 institutional investors started new or increased equity positions, while 46 reduced and sold their stock positions in Libbey Inc. The institutional investors in our partner’s database now possess: 15.18 million shares, down from 16.39 million shares in 2018Q1. Also, the number of institutional investors holding Libbey Inc in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 19 Reduced: 27 Increased: 21 New Position: 12.

Libbey Inc. designs, produces, and sells tableware and other products worldwide. The company has market cap of $120.92 million. 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, mixing bowls, and washing machine windows. It currently has negative earnings. The firm also provides ceramic dinnerware products comprising plates, bowls, platters, cups, saucers, and other tabletop accessories; metal flatware consisting of knives, forks, spoons, and serving utensils; and metal hollowware, which consists of serving trays, pitchers, and other metal tabletop accessories.

The stock decreased 4.88% or $0.28 during the last trading session, reaching $5.46. About 114,379 shares traded. Libbey Inc. (NYSEMKT:LBY) has risen 9.95% since December 7, 2017 and is uptrending. It has underperformed by 5.67% the S&P500.

Analysts await Libbey Inc. (NYSEAMERICAN:LBY) to report earnings on February, 26. They expect $0.22 earnings per share, up 1,200.00 % or $0.24 from last year’s $-0.02 per share. LBY’s profit will be $4.87M for 6.20 P/E if the $0.22 EPS becomes a reality. After $-0.22 actual earnings per share reported by Libbey Inc. for the previous quarter, Wall Street now forecasts -200.00 % EPS growth.

Spitfire Capital Llc holds 3.77% of its portfolio in Libbey Inc. for 964,837 shares. Wynnefield Capital Inc owns 525,400 shares or 1.58% of their US portfolio. Moreover, Brigade Capital Management Lp has 0.87% invested in the company for 1.60 million shares. The California-based Rbf Capital Llc has invested 0.17% in the stock. Frontier Capital Management Co Llc, a Massachusetts-based fund reported 1.89 million shares.

Libbey Inc. (NYSEAMERICAN:LBY) Institutional Positions Chart

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