Owens & Minor, Inc. (NYSE:OMI) Shares Bought by Fmr LLC

Fmr LLC lifted its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,564,624 shares of the company’s stock after purchasing an additional 90,862 shares during the period. Fmr LLC owned about 0.15% of Owens & Minor worth $181,449,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in OMI. DekaBank Deutsche Girozentrale increased its stake in Owens & Minor by 76.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock worth $43,000 after buying an additional 1,356 shares during the period. Arizona State Retirement System increased its position in shares of Owens & Minor by 7.7% during the second quarter. Arizona State Retirement System now owns 20,371 shares of the company’s stock worth $275,000 after acquiring an additional 1,449 shares during the last quarter. Quarry LP boosted its holdings in Owens & Minor by 290.1% in the second quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $28,000 after purchasing an additional 1,561 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Owens & Minor by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,364 shares of the company’s stock valued at $207,000 after purchasing an additional 1,630 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in Owens & Minor by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,366 shares of the company’s stock valued at $491,000 after purchasing an additional 1,709 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Robert W. Baird reduced their target price on Owens & Minor from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, November 5th. Barclays reduced their price objective on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. Citigroup dropped their target price on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating for the company in a research report on Tuesday, November 5th. StockNews.com cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Finally, UBS Group lowered their price objective on Owens & Minor from $28.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $18.50.

Insider Buying and Selling at Owens & Minor

In related news, CFO Jonathan A. Leon sold 5,282 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $11.82, for a total value of $62,433.24. Following the completion of the sale, the chief financial officer now owns 130,822 shares of the company’s stock, valued at $1,546,316.04. This represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.59% of the stock is owned by company insiders.

Owens & Minor Stock Performance

Shares of OMI opened at $14.10 on Tuesday. The firm has a fifty day moving average of $13.50 and a 200-day moving average of $14.96. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -21.69, a price-to-earnings-growth ratio of 0.46 and a beta of 0.41. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09. Owens & Minor, Inc. has a 1 year low of $11.42 and a 1 year high of $28.35.

Owens & Minor (NYSE:OMI) last posted its earnings results on Monday, November 4th. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The firm had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same period in the previous year, the business posted $0.44 EPS. Owens & Minor’s revenue was up 5.0% on a year-over-year basis. As a group, equities analysts anticipate that Owens & Minor, Inc. will post 1.49 earnings per share for the current year.

Owens & Minor Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.