Owens & Minor, Inc. (NYSE:OMI) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in Owens & Minor, Inc. (NYSE:OMI) by 6.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,449,164 shares of the company’s stock after selling 99,266 shares during the period. Janus Henderson Group PLC owned about 1.88% of Owens & Minor worth $18,941,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Waldron Private Wealth LLC acquired a new stake in Owens & Minor in the fourth quarter valued at about $406,000. JPMorgan Chase & Co. lifted its position in Owens & Minor by 68.4% in the third quarter. JPMorgan Chase & Co. now owns 376,830 shares of the company’s stock valued at $5,912,000 after purchasing an additional 152,999 shares during the period. Advisors Preferred LLC lifted its position in Owens & Minor by 173.9% in the fourth quarter. Advisors Preferred LLC now owns 84,305 shares of the company’s stock valued at $1,083,000 after purchasing an additional 53,529 shares during the period. Tower Research Capital LLC TRC lifted its position in Owens & Minor by 11.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 20,259 shares of the company’s stock valued at $265,000 after purchasing an additional 2,112 shares during the period. Finally, Barclays PLC lifted its position in Owens & Minor by 354.8% in the third quarter. Barclays PLC now owns 133,702 shares of the company’s stock valued at $2,099,000 after purchasing an additional 104,305 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Coliseum Capital Management, L bought 1,738,511 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $9.39 per share, for a total transaction of $16,324,618.29. Following the completion of the transaction, the insider now owns 9,469,698 shares in the company, valued at $88,920,464.22. The trade was a 22.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last 90 days, insiders have bought 2,718,412 shares of company stock worth $24,495,308. 3.69% of the stock is owned by insiders.

Analyst Ratings Changes

OMI has been the subject of a number of research analyst reports. Robert W. Baird increased their target price on shares of Owens & Minor from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. UBS Group dropped their target price on shares of Owens & Minor from $25.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. dropped their target price on shares of Owens & Minor from $14.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, March 10th. Finally, Citigroup dropped their target price on shares of Owens & Minor from $13.00 to $11.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $12.50.

Owens & Minor Trading Up 1.3%

Shares of OMI opened at $7.09 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45. The firm has a 50 day simple moving average of $7.91 and a 200-day simple moving average of $10.63. Owens & Minor, Inc. has a 1-year low of $6.07 and a 1-year high of $20.35. The stock has a market cap of $547.74 million, a price-to-earnings ratio of -10.91, a price-to-earnings-growth ratio of 0.20 and a beta of 1.38.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Saturday, May 10th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. During the same quarter in the previous year, the business posted $0.19 earnings per share. The business’s quarterly revenue was up .7% on a year-over-year basis. Equities analysts forecast that Owens & Minor, Inc. will post 1.51 EPS for the current fiscal year.

Owens & Minor announced that its Board of Directors has initiated a stock buyback plan on Friday, February 28th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 13.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its shares are undervalued.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.