Arizona State Retirement System Increases Position in Owens & Minor, Inc. (NYSE:OMI)

Arizona State Retirement System boosted its holdings in Owens & Minor, Inc. (NYSE:OMI – Get Rating) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,439 shares of the company’s stock after purchasing an additional 791 shares during the period. Arizona State Retirement System’s holdings in Owens & Minor were worth $399,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of OMI. Advisor Group Holdings Inc. boosted its stake in shares of Owens & Minor by 10.1% during the 1st quarter. Advisor Group Holdings Inc. now owns 4,858 shares of the company’s stock valued at $214,000 after buying an additional 444 shares during the last quarter. US Bancorp DE grew its holdings in Owens & Minor by 67.4% during the 1st quarter. US Bancorp DE now owns 1,145 shares of the company’s stock worth $51,000 after acquiring an additional 461 shares in the last quarter. Delphia USA Inc. increased its position in shares of Owens & Minor by 8.2% in the 1st quarter. Delphia USA Inc. now owns 6,163 shares of the company’s stock worth $271,000 after purchasing an additional 469 shares during the last quarter. Baird Financial Group Inc. increased its position in shares of Owens & Minor by 3.5% in the 1st quarter. Baird Financial Group Inc. now owns 14,784 shares of the company’s stock worth $650,000 after purchasing an additional 503 shares during the last quarter. Finally, SummerHaven Investment Management LLC raised its stake in shares of Owens & Minor by 2.3% in the 4th quarter. SummerHaven Investment Management LLC now owns 24,991 shares of the company’s stock valued at $488,000 after purchasing an additional 573 shares in the last quarter.

Owens & Minor Trading Up 0.7 %

Owens & Minor stock opened at $20.28 on Friday. 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 firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of -36.21, a PEG ratio of 3.97 and a beta of 0.57. The firm has a 50-day moving average price of $15.20 and a two-hundred day moving average price of $18.11.

Owens & Minor (NYSE:OMI – Get Rating) last issued its quarterly earnings data on Friday, May 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.14. Owens & Minor had a positive return on equity of 12.12% and a negative net margin of 0.41%. The business had revenue of $2.52 billion during the quarter, compared to the consensus estimate of $2.40 billion. During the same period in the previous year, the firm posted $0.96 earnings per share. The business’s revenue was up 4.8% on a year-over-year basis. Sell-side analysts expect that Owens & Minor, Inc. will post 1.36 earnings per share for the current year.

Analysts Set New Price Targets

OMI has been the subject of several research analyst reports. Citigroup lowered their price objective on Owens & Minor from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday, March 8th. UBS Group raised their price objective on Owens & Minor from $22.00 to $24.00 in a research note on Monday, May 8th. StockNews.com began coverage on shares of Owens & Minor in a research note on Thursday. They set a “hold” rating for the company. 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 report on Tuesday, March 7th. Finally, Robert W. Baird increased their price objective on shares of Owens & Minor from $18.00 to $21.00 in a research note on Monday, May 8th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $18.83.

Insider Transactions at Owens & Minor

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

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.