Campbell & CO Investment Adviser LLC Sells 107,846 Shares of Owens & Minor, Inc. $OMI

Campbell & CO Investment Adviser LLC cut its holdings in Owens & Minor, Inc. (NYSE:OMI) by 84.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 19,780 shares of the company’s stock after selling 107,846 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Owens & Minor were worth $180,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas purchased a new position in shares of Owens & Minor in the 1st quarter worth $96,000. CWM LLC lifted its holdings in shares of Owens & Minor by 51.1% in the 1st quarter. CWM LLC now owns 17,897 shares of the company’s stock valued at $162,000 after acquiring an additional 6,052 shares during the last quarter. Victory Capital Management Inc. grew its position in Owens & Minor by 67.6% in the first quarter. Victory Capital Management Inc. now owns 194,678 shares of the company’s stock worth $1,758,000 after acquiring an additional 78,495 shares in the last quarter. Advisors Preferred LLC grew its position in Owens & Minor by 222.0% in the first quarter. Advisors Preferred LLC now owns 271,470 shares of the company’s stock worth $2,454,000 after acquiring an additional 187,165 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Owens & Minor by 52.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,401 shares of the company’s stock worth $211,000 after acquiring an additional 8,037 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Owens & Minor Stock Up 0.2%

NYSE:OMI opened at $2.90 on Wednesday. The company has a market cap of $223.92 million, a price-to-earnings ratio of -0.19 and a beta of 1.27. Owens & Minor, Inc. has a twelve month low of $2.74 and a twelve month high of $15.54. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 3.32. The stock has a fifty day simple moving average of $4.53 and a 200-day simple moving average of $6.14.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Thursday, October 30th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.02. Owens & Minor had a negative net margin of 13.78% and a positive return on equity of 26.59%. The firm had revenue of $697.26 million for the quarter, compared to analysts’ expectations of $704.06 million. During the same period in the prior year, the business posted $0.36 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. Analysts anticipate that Owens & Minor, Inc. will post 1.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on OMI shares. Citigroup reiterated a “buy” rating and issued a $7.00 target price (down previously from $11.00) on shares of Owens & Minor in a report on Tuesday, August 12th. Robert W. Baird dropped their price objective on shares of Owens & Minor from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. UBS Group set a $7.00 price objective on shares of Owens & Minor in a research report on Wednesday, August 13th. Bank of America lowered their target price on shares of Owens & Minor from $7.50 to $4.75 and set an “underperform” rating for the company in a report on Tuesday, August 12th. Finally, Baird R W raised shares of Owens & Minor from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $6.35.

Owens & Minor 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.