Centiva Capital LP Increases Stake in Owens & Minor, Inc. (NYSE:OMI)

Centiva Capital LP grew its stake in Owens & Minor, Inc. (NYSE:OMI) by 103.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 61,627 shares of the company’s stock after purchasing an additional 31,410 shares during the period. Centiva Capital LP owned about 0.08% of Owens & Minor worth $967,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP boosted its holdings in Owens & Minor by 290.1% during the second quarter. Quarry LP now owns 2,099 shares of the company’s stock worth $28,000 after buying an additional 1,561 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Owens & Minor by 176.8% during the 3rd quarter. Blue Trust Inc. now owns 2,787 shares of the company’s stock worth $44,000 after acquiring an additional 1,780 shares in the last quarter. DekaBank Deutsche Girozentrale grew its position in shares of Owens & Minor by 76.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock valued at $43,000 after acquiring an additional 1,356 shares during the period. Innealta Capital LLC purchased a new position in shares of Owens & Minor in the 2nd quarter valued at about $43,000. Finally, Public Employees Retirement System of Ohio acquired a new position in Owens & Minor in the 1st quarter worth about $120,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Jonathan A. Leon sold 5,282 shares of Owens & Minor stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $11.82, for a total transaction of $62,433.24. Following the transaction, the chief financial officer now owns 130,822 shares in the company, valued at $1,546,316.04. The trade was a 3.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.59% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on OMI. StockNews.com cut Owens & Minor from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Citigroup cut their price target on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating for the company in a report on Tuesday, November 5th. Barclays decreased their price objective on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. cut their target price on shares of Owens & Minor from $22.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, August 21st. Finally, Robert W. Baird decreased their price target on shares of Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.50.

Owens & Minor Stock Performance

NYSE:OMI opened at $13.87 on Friday. The company has a market cap of $1.07 billion, a P/E ratio of -21.83, a P/E/G ratio of 0.49 and a beta of 0.42. Owens & Minor, Inc. has a twelve month low of $11.42 and a twelve month high of $28.35. The company’s 50-day moving average price is $13.48 and its 200-day moving average price is $14.89. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11.

Owens & Minor (NYSE:OMI) last released its earnings results on Monday, November 4th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.68 billion. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. On average, sell-side analysts forecast that Owens & Minor, Inc. will post 1.49 earnings per share for the current fiscal year.

Owens & Minor Profile

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.