New York State Common Retirement Fund Trims Stock Position in Owens & Minor, Inc. (NYSE:OMI)

New York State Common Retirement Fund cut its stake in shares of Owens & Minor, Inc. (NYSE:OMIFree Report) by 44.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,976 shares of the company’s stock after selling 26,032 shares during the quarter. New York State Common Retirement Fund’s holdings in Owens & Minor were worth $616,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new position in shares of Owens & Minor during the third quarter worth approximately $29,000. Allspring Global Investments Holdings LLC increased its position in shares of Owens & Minor by 62.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,347 shares of the company’s stock worth $103,000 after acquiring an additional 2,448 shares during the period. Teacher Retirement System of Texas bought a new position in shares of Owens & Minor during the third quarter valued at approximately $218,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Owens & Minor by 33.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 17,049 shares of the company’s stock valued at $276,000 after purchasing an additional 4,304 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in shares of Owens & Minor by 15.2% during the third quarter. Mackenzie Financial Corp now owns 20,584 shares of the company’s stock valued at $315,000 after purchasing an additional 2,714 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Owens & Minor

In related news, SVP Michael Wayne Lowry sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the senior vice president now owns 71,654 shares in the company, valued at $1,791,350. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, SVP Michael Wayne Lowry sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the senior vice president now owns 71,654 shares in the company, valued at $1,791,350. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jonathan A. Leon sold 5,000 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the senior vice president now owns 84,673 shares in the company, valued at approximately $2,103,277.32. The disclosure for this sale can be found here. 2.62% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

OMI has been the topic of a number of recent research reports. UBS Group dropped their price objective on shares of Owens & Minor from $28.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday, January 29th. SVB Leerink initiated coverage on shares of Owens & Minor in a research note on Monday, February 26th. They set a “market perform” rating and a $24.00 price objective on the stock. StockNews.com upgraded shares of Owens & Minor from a “hold” rating to a “buy” rating in a research note on Wednesday. TheStreet upgraded shares of Owens & Minor from a “d+” rating to a “c-” rating in a research note on Monday, March 4th. Finally, Leerink Partnrs restated a “market perform” rating on shares of Owens & Minor in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $23.29.

Check Out Our Latest Stock Analysis on OMI

Owens & Minor Price Performance

NYSE OMI opened at $19.77 on Wednesday. The company has a market cap of $1.51 billion, a price-to-earnings ratio of -38.76, a PEG ratio of 0.63 and a beta of 0.52. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.16 and a quick ratio of 0.56. The stock’s fifty day moving average price is $24.54 and its 200 day moving average price is $21.71. Owens & Minor, Inc. has a 1 year low of $13.64 and a 1 year high of $28.35.

Owens & Minor (NYSE:OMIGet Free Report) last announced its quarterly earnings data on Friday, May 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. The firm had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Owens & Minor had a positive return on equity of 12.97% and a negative net margin of 0.37%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.05 earnings per share. As a group, equities research analysts forecast that Owens & Minor, Inc. will post 1.53 earnings per share for the current year.

Owens & Minor Company Profile

(Free Report)

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.

Further Reading

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

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