Fairpointe Capital LLC lifted its stake in shares of Libbey Inc. (NYSEAMERICAN:LBY) by 27.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 461,193 shares of the company’s stock after purchasing an additional 100,000 shares during the quarter. Fairpointe Capital LLC owned about 2.06% of Libbey worth $1,545,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Parametric Portfolio Associates LLC increased its stake in Libbey by 9.8% in the 2nd quarter. Parametric Portfolio Associates LLC now owns 78,828 shares of the company’s stock worth $147,000 after purchasing an additional 7,048 shares in the last quarter. Brave Asset Management Inc. purchased a new position in Libbey in the 2nd quarter worth about $54,000. Virtu Financial LLC purchased a new position in Libbey in the 3rd quarter worth about $107,000. Jacobs Levy Equity Management Inc. purchased a new position in Libbey in the 2nd quarter worth about $81,000. Finally, Renaissance Technologies LLC increased its stake in Libbey by 9.4% in the 2nd quarter. Renaissance Technologies LLC now owns 511,800 shares of the company’s stock worth $952,000 after purchasing an additional 43,800 shares in the last quarter.
LBY traded down $0.06 during trading on Wednesday, reaching $1.68. The company had a trading volume of 138,095 shares, compared to its average volume of 223,070. Libbey Inc. has a 12-month low of $1.45 and a 12-month high of $5.85.
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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