Blueshift Asset Management LLC Invests $223,000 in Owens & Minor, Inc. (OMI) Stock

Blueshift Asset Management LLC bought a new position in shares of Owens & Minor, Inc. (NYSE:OMI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 35,215 shares of the company’s stock, valued at approximately $223,000. Blueshift Asset Management LLC owned about 0.06% of Owens & Minor at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in OMI. Bank of New York Mellon Corp grew its stake in shares of Owens & Minor by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 1,379,406 shares of the company’s stock valued at $23,051,000 after buying an additional 25,438 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Owens & Minor by 32.8% in the third quarter. Wells Fargo & Company MN now owns 694,779 shares of the company’s stock valued at $11,479,000 after buying an additional 171,561 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Owens & Minor in the third quarter valued at $900,000. Janney Montgomery Scott LLC grew its stake in shares of Owens & Minor by 12.5% in the third quarter. Janney Montgomery Scott LLC now owns 99,058 shares of the company’s stock valued at $1,636,000 after buying an additional 11,040 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Owens & Minor by 23.9% in the third quarter. Prudential Financial Inc. now owns 129,814 shares of the company’s stock valued at $2,145,000 after buying an additional 25,070 shares in the last quarter. Institutional investors and hedge funds own 94.93% of the company’s stock.

A number of brokerages have recently weighed in on OMI. ValuEngine raised Owens & Minor from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 6th. Barclays reaffirmed a “sell” rating and issued a $5.00 price objective on shares of Owens & Minor in a research note on Thursday, February 21st. Jefferies Financial Group reaffirmed a “hold” rating and issued a $7.00 price objective on shares of Owens & Minor in a research note on Thursday, February 21st. UBS Group began coverage on Owens & Minor in a research note on Thursday, January 17th. They issued a “neutral” rating and a $8.00 price objective for the company. Finally, Zacks Investment Research cut Owens & Minor from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Three analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $7.20.

NYSE:OMI opened at $4.74 on Friday. The firm has a market capitalization of $293.75 million, a P/E ratio of 4.12, a P/E/G ratio of 2.16 and a beta of 1.72. Owens & Minor, Inc. has a 12-month low of $4.39 and a 12-month high of $19.16. The company has a quick ratio of 0.85, a current ratio of 1.72 and a debt-to-equity ratio of 3.18.

Owens & Minor (NYSE:OMI) last released its earnings results on Tuesday, February 19th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.05). The company had revenue of $2.54 billion during the quarter, compared to analysts’ expectations of $2.51 billion. Owens & Minor had a negative net margin of 4.44% and a positive return on equity of 8.99%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.38 earnings per share. Equities research analysts predict that Owens & Minor, Inc. will post 0.64 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be issued a $0.0025 dividend. The ex-dividend date of this dividend is Thursday, March 14th. This represents a $0.01 dividend on an annualized basis and a yield of 0.21%. Owens & Minor’s dividend payout ratio (DPR) is presently 26.09%.

TRADEMARK VIOLATION WARNING: This piece was first published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this piece on another website, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this piece can be accessed at https://transcriptdaily.com/2019/03/15/blueshift-asset-management-llc-invests-223000-in-owens-minor-inc-omi-stock.html.

Owens & Minor Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare services company in the United States, the United Kingdom, Ireland, France, Germany, and other European countries. It operates through three segments: Domestic, International, and Proprietary Products. The company offers supply chain assistance to the providers of healthcare services; and the manufacturers of healthcare products, supplies, and devices.

Read More: What is a good rate of return for a mutual fund?

Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

Receive News & Ratings for Owens & Minor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor and related companies with MarketBeat.com's FREE daily email newsletter.