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%.
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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.
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