Texas Permanent School Fund Cuts Stock Holdings in Owens & Minor, Inc. (NYSE:OMI)

Texas Permanent School Fund trimmed its holdings in shares of Owens & Minor, Inc. (NYSE:OMI – Get Rating) by 6.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,155 shares of the company’s stock after selling 3,602 shares during the period. Texas Permanent School Fund owned about 0.07% of Owens & Minor worth $999,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Commonwealth Equity Services LLC raised its stake in shares of Owens & Minor by 25.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 56,772 shares of the company’s stock valued at $1,108,000 after acquiring an additional 11,607 shares during the last quarter. Shell Asset Management Co. raised its stake in shares of Owens & Minor by 108.0% during the fourth quarter. Shell Asset Management Co. now owns 21,846 shares of the company’s stock valued at $427,000 after acquiring an additional 11,344 shares during the last quarter. Smith Graham & Co. Investment Advisors LP raised its stake in shares of Owens & Minor by 19.4% during the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 435,827 shares of the company’s stock valued at $8,512,000 after acquiring an additional 70,951 shares during the last quarter. ProShare Advisors LLC raised its stake in shares of Owens & Minor by 14.8% during the fourth quarter. ProShare Advisors LLC now owns 11,719 shares of the company’s stock valued at $229,000 after acquiring an additional 1,508 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Owens & Minor by 29.7% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,745 shares of the company’s stock valued at $249,000 after acquiring an additional 2,919 shares during the last quarter.

Insider Buying and Selling

In related news, SVP Jonathan A. Leon sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $13.50, for a total value of $81,000.00. Following the sale, the senior vice president now owns 106,723 shares in the company, valued at $1,440,760.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.59% of the stock is currently owned by corporate insiders.

Owens & Minor Trading Up 1.3 %

NYSE:OMI opened at $18.98 on Tuesday. The company’s 50 day moving average price is $14.75 and its 200-day moving average price is $18.05. Owens & Minor, Inc. has a 52 week low of $11.79 and a 52 week high of $37.03. The company has a quick ratio of 0.60, a current ratio of 1.39 and a debt-to-equity ratio of 2.56. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of -33.89, a PEG ratio of 10.26 and a beta of 0.57.

Owens & Minor (NYSE:OMI – Get Rating) last posted its quarterly earnings results on Friday, May 5th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.14. Owens & Minor had a negative net margin of 0.41% and a positive return on equity of 12.12%. The firm had revenue of $2.52 billion for the quarter, compared to analysts’ expectations of $2.40 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. On average, equities research analysts forecast that Owens & Minor, Inc. will post 1.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

OMI has been the subject of a number of research reports. UBS Group increased their price target on shares of Owens & Minor from $22.00 to $24.00 in a research note on Monday, May 8th. StockNews.com raised shares of Owens & Minor from a “sell” rating to a “hold” rating in a research note on Friday, May 5th. Credit Suisse Group decreased their price target on shares of Owens & Minor from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Tuesday, March 7th. Robert W. Baird increased their price target on shares of Owens & Minor from $18.00 to $21.00 in a research note on Monday, May 8th. Finally, Citigroup decreased their target price on shares of Owens & Minor from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, March 8th. Two investment analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, Owens & Minor presently has a consensus rating of “Hold” and a consensus price target of $18.83.

Owens & Minor Profile

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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. The Products and Healthcare Services segment includes medical distribution, the outsourced logistics and value-added services business, and global products, which manufacture and source medical surgical products through the production and kitting operations.