Linden Thomas Advisory Services LLC Raises Holdings in Owens & Minor, Inc. (NYSE:OMI)

Linden Thomas Advisory Services LLC lifted its stake in Owens & Minor, Inc. (NYSE:OMI) by 26.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,905 shares of the company’s stock after purchasing an additional 2,944 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Owens & Minor were worth $268,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of OMI. Deerfield Management Company L.P. Series C increased its stake in Owens & Minor by 35.6% during the 3rd quarter. Deerfield Management Company L.P. Series C now owns 6,435,000 shares of the company’s stock valued at $103,990,000 after purchasing an additional 1,690,000 shares in the last quarter. FMR LLC raised its stake in Owens & Minor by 10.6% in the 3rd quarter. FMR LLC now owns 11,479,209 shares of the company’s stock worth $185,504,000 after acquiring an additional 1,103,275 shares during the last quarter. Deutsche Bank AG lifted its position in Owens & Minor by 278.0% during the 3rd quarter. Deutsche Bank AG now owns 694,248 shares of the company’s stock worth $11,219,000 after acquiring an additional 510,596 shares during the period. First Eagle Investment Management LLC purchased a new stake in Owens & Minor during the 3rd quarter valued at about $2,795,000. Finally, AQR Capital Management LLC increased its holdings in shares of Owens & Minor by 61.1% in the third quarter. AQR Capital Management LLC now owns 446,911 shares of the company’s stock valued at $7,222,000 after purchasing an additional 169,488 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Owens & Minor

In related news, SVP Jonathan A. Leon sold 5,000 shares of Owens & Minor stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $24.84, for a total value of $124,200.00. Following the sale, the senior vice president now owns 84,673 shares of the company’s stock, valued at approximately $2,103,277.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Michael Wayne Lowry sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the sale, the senior vice president now owns 71,654 shares of the company’s stock, valued at $1,791,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Jonathan A. Leon sold 5,000 shares of the firm’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the completion of the transaction, the senior vice president now directly owns 84,673 shares in the company, valued at $2,103,277.32. The disclosure for this sale can be found here. Corporate insiders own 3.59% of the company’s stock.

Owens & Minor Trading Up 4.1 %

OMI opened at $25.10 on Friday. The company has a fifty day moving average of $25.24 and a two-hundred day moving average of $21.12. Owens & Minor, Inc. has a fifty-two week low of $13.34 and a fifty-two week high of $28.35. The company has a quick ratio of 0.52, a current ratio of 1.11 and a debt-to-equity ratio of 2.05.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings results on Tuesday, February 20th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. The firm had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.67 billion. Owens & Minor had a positive return on equity of 11.62% and a negative net margin of 0.40%. Owens & Minor’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. As a group, analysts forecast that Owens & Minor, Inc. will post 1.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on OMI shares. UBS Group cut their price target on shares of Owens & Minor from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, January 29th. Robert W. Baird raised their target price on shares of Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. StockNews.com upgraded shares of Owens & Minor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Barclays increased their price target on Owens & Minor from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. Finally, SVB Leerink initiated coverage on Owens & Minor in a report on Monday, February 26th. They issued a “market perform” rating and a $24.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $23.29.

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.