Principal Financial Group Inc. Has $16.47 Million Stock Position in Owens & Minor, Inc. (NYSE:OMI)

Principal Financial Group Inc. decreased its stake in Owens & Minor, Inc. (NYSE:OMIGet Rating) by 12.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 523,808 shares of the company’s stock after selling 72,350 shares during the quarter. Principal Financial Group Inc. owned 0.69% of Owens & Minor worth $16,474,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. William Blair Investment Management LLC lifted its stake in Owens & Minor by 26.1% in the 1st quarter. William Blair Investment Management LLC now owns 2,633,716 shares of the company’s stock worth $115,936,000 after acquiring an additional 544,570 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Owens & Minor in the 1st quarter worth about $20,483,000. Allianz Asset Management GmbH lifted its stake in Owens & Minor by 183.8% in the 1st quarter. Allianz Asset Management GmbH now owns 702,890 shares of the company’s stock worth $30,941,000 after acquiring an additional 455,191 shares in the last quarter. Artemis Investment Management LLP lifted its stake in Owens & Minor by 42.5% in the 2nd quarter. Artemis Investment Management LLP now owns 1,266,233 shares of the company’s stock worth $39,864,000 after acquiring an additional 377,803 shares in the last quarter. Finally, Bank of America Corp DE lifted its stake in Owens & Minor by 100.4% in the 1st quarter. Bank of America Corp DE now owns 648,602 shares of the company’s stock worth $28,551,000 after acquiring an additional 324,962 shares in the last quarter. Institutional investors and hedge funds own 95.69% of the company’s stock.

Owens & Minor Stock Up 1.3 %

Shares of OMI stock opened at $19.93 on Thursday. The stock’s 50 day simple moving average is $20.55 and its 200 day simple moving average is $28.42. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.58 and a current ratio of 1.52. Owens & Minor, Inc. has a twelve month low of $14.10 and a twelve month high of $49.11. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 1.90 and a beta of 0.55.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on OMI shares. Citigroup increased their price objective on Owens & Minor from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 3rd. Bank of America downgraded Owens & Minor from a “buy” rating to an “underperform” rating and cut their price target for the stock from $43.00 to $17.00 in a research note on Wednesday, October 12th. Credit Suisse Group cut their price target on Owens & Minor from $37.00 to $20.00 and set a “hold neutral” rating for the company in a research note on Friday, October 14th. StockNews.com started coverage on Owens & Minor in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Finally, Robert W. Baird downgraded Owens & Minor from an “outperform” rating to a “neutral” rating and cut their price target for the stock from $62.00 to $22.00 in a research note on Wednesday, October 12th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $19.20.

Owens & Minor Company Profile

(Get Rating)

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.

Further Reading

Want to see what other hedge funds are holding OMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens & Minor, Inc. (NYSE:OMIGet Rating).

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

Receive News & Ratings for Owens & Minor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor and related companies with MarketBeat.com's FREE daily email newsletter.