New York State Teachers Retirement System Sells 2,987 Shares of Owens & Minor, Inc. (NYSE:OMI)

New York State Teachers Retirement System reduced its holdings in Owens & Minor, Inc. (NYSE:OMI – Get Rating) by 2.7% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 108,756 shares of the company’s stock after selling 2,987 shares during the quarter. New York State Teachers Retirement System owned 0.14% of Owens & Minor worth $2,621,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. CWM LLC increased its holdings in shares of Owens & Minor by 1,884.1% in the third quarter. CWM LLC now owns 13,750 shares of the company’s stock worth $331,000 after acquiring an additional 13,057 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Owens & Minor by 0.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 2,147,328 shares of the company’s stock worth $51,749,000 after buying an additional 11,553 shares in the last quarter. Ziegler Capital Management LLC grew its holdings in shares of Owens & Minor by 6.8% during the third quarter. Ziegler Capital Management LLC now owns 42,027 shares of the company’s stock worth $1,013,000 after buying an additional 2,675 shares in the last quarter. Ronald Blue Trust Inc. grew its holdings in shares of Owens & Minor by 307.1% during the third quarter. Ronald Blue Trust Inc. now owns 1,026 shares of the company’s stock worth $33,000 after buying an additional 774 shares in the last quarter. Finally, SummerHaven Investment Management LLC grew its holdings in shares of Owens & Minor by 19.8% during the third quarter. SummerHaven Investment Management LLC now owns 24,418 shares of the company’s stock worth $588,000 after buying an additional 4,031 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on OMI. Robert W. Baird downgraded Owens & Minor from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $62.00 to $22.00 in a report on Wednesday, October 12th. Bank of America downgraded Owens & Minor from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $43.00 to $17.00 in a report on Wednesday, October 12th. Credit Suisse Group reduced their price target on Owens & Minor from $37.00 to $20.00 and set a “hold neutral” rating for the company in a research report on Friday, October 14th. StockNews.com began coverage on Owens & Minor in a research report on Wednesday, October 12th. They set a “hold” rating for the company. Finally, TheStreet cut Owens & Minor from a “b-” rating to a “c” rating in a research report on Wednesday, November 2nd. Two equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Based on data from MarketBeat.com, Owens & Minor presently has an average rating of “Hold” and an average price target of $19.20.

Owens & Minor Stock Performance

OMI opened at $20.66 on Wednesday. Owens & Minor, Inc. has a 12-month low of $14.10 and a 12-month high of $47.45. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 1.98 and a beta of 0.64. The business has a 50 day moving average of $20.04 and a 200-day moving average of $24.70. The company has a quick ratio of 0.58, a current ratio of 1.52 and a debt-to-equity ratio of 2.63.

Owens & Minor (NYSE:OMI – Get Rating) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.02. Owens & Minor had a return on equity of 23.48% and a net margin of 1.24%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.42 billion. On average, equities research analysts expect that Owens & Minor, Inc. will post 2.52 earnings per share for the current year.

Owens & Minor Profile

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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.