World Asset Management Inc acquired a new position in Owens & Minor, Inc. (NYSE:OMI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 12,921 shares of the company’s stock, valued at approximately $98,000.
Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC boosted its position in Owens & Minor by 1,559.7% in the fourth quarter. AQR Capital Management LLC now owns 169,554 shares of the company’s stock worth $877,000 after purchasing an additional 159,338 shares during the last quarter. State of Tennessee Treasury Department boosted its position in Owens & Minor by 97.2% in the first quarter. State of Tennessee Treasury Department now owns 41,175 shares of the company’s stock worth $377,000 after purchasing an additional 20,297 shares during the last quarter. Morgan Stanley boosted its position in Owens & Minor by 156.7% in the first quarter. Morgan Stanley now owns 991,417 shares of the company’s stock worth $9,071,000 after purchasing an additional 605,247 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its position in Owens & Minor by 3.2% in the second quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 112,680 shares of the company’s stock worth $858,000 after purchasing an additional 3,483 shares during the last quarter. Finally, Stone Ridge Asset Management LLC purchased a new position in Owens & Minor in the second quarter worth $120,000. 87.43% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on the company. Barclays boosted their price objective on Owens & Minor from $4.00 to $10.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 22nd. BofA Securities raised Owens & Minor from a “neutral” rating to a “buy” rating and upped their price target for the company from $8.00 to $12.00 in a research report on Tuesday, July 21st. Zacks Investment Research raised Owens & Minor from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research report on Friday, July 24th. Robert W. Baird raised Owens & Minor from a “neutral” rating to an “outperform” rating and upped their price target for the company from $8.00 to $14.00 in a research report on Tuesday, July 21st. Finally, Cfra upped their price target on Owens & Minor from $8.50 to $9.50 and gave the company a “buy” rating in a research report on Wednesday, June 10th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $11.36.
NYSE:OMI opened at $16.08 on Friday. The company has a debt-to-equity ratio of 3.83, a quick ratio of 0.91 and a current ratio of 1.63. Owens & Minor, Inc. has a 52-week low of $2.64 and a 52-week high of $16.95. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -16.08, a PEG ratio of 0.47 and a beta of 0.14. The business’s fifty day moving average is $9.01 and its 200 day moving average is $7.22.
Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Wednesday, May 6th. The company reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. Owens & Minor had a positive return on equity of 7.44% and a negative net margin of 0.65%. The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.08 billion. During the same period in the previous year, the company posted $0.02 EPS. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. Equities analysts predict that Owens & Minor, Inc. will post 1.08 EPS for the current fiscal year.
In related news, Director Robert J. Henkel acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The shares were bought at an average cost of $7.29 per share, for a total transaction of $72,900.00. Following the purchase, the director now owns 10,000 shares in the company, valued at approximately $72,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.15% of the company’s stock.
Owens & Minor Profile
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.
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