Texas Permanent School Fund Corp Has $1.27 Million Stock Holdings in Owens & Minor, Inc. (NYSE:OMI)

Texas Permanent School Fund Corp trimmed its position in Owens & Minor, Inc. (NYSE:OMI) by 2.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,753 shares of the company’s stock after selling 1,358 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Owens & Minor were worth $1,271,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in OMI. Advisor Group Holdings Inc. grew its holdings in Owens & Minor by 10.1% in 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 in the last quarter. American Century Companies Inc. grew its holdings in Owens & Minor by 31.9% in the 1st quarter. American Century Companies Inc. now owns 29,981 shares of the company’s stock valued at $1,320,000 after buying an additional 7,258 shares in the last quarter. US Bancorp DE grew its holdings in Owens & Minor by 67.4% in the 1st quarter. US Bancorp DE now owns 1,145 shares of the company’s stock valued at $51,000 after buying an additional 461 shares in the last quarter. Natixis Advisors L.P. grew its holdings in Owens & Minor by 21.9% in the 1st quarter. Natixis Advisors L.P. now owns 14,557 shares of the company’s stock valued at $641,000 after buying an additional 2,612 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Owens & Minor by 20.0% during the 1st quarter. Bank of Montreal Can now owns 28,979 shares of the company’s stock valued at $1,305,000 after acquiring an additional 4,823 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on OMI. Credit Suisse Group upped their target price on Owens & Minor from $18.00 to $19.00 and gave the company a “neutral” rating in a research report on Tuesday, August 8th. StockNews.com began coverage on Owens & Minor in a research report on Thursday, October 5th. They set a “hold” rating for the company. JPMorgan Chase & Co. cut their target price on Owens & Minor from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Friday. Citigroup cut their target price on Owens & Minor from $23.00 to $21.00 in a research report on Friday, August 4th. Finally, TheStreet downgraded Owens & Minor from a “c-” rating to a “d+” rating in a research report on Thursday, October 12th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $20.80.

Owens & Minor Price Performance

Shares of OMI stock opened at $18.75 on Friday. The company has a quick ratio of 0.60, a current ratio of 1.23 and a debt-to-equity ratio of 2.38. Owens & Minor, Inc. has a twelve month low of $11.79 and a twelve month high of $22.86. The company has a market cap of $1.43 billion, a P/E ratio of -12.18, a P/E/G ratio of 4.56 and a beta of 0.35. The business has a fifty day simple moving average of $16.08 and a 200 day simple moving average of $17.12.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Friday, November 3rd. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.06. Owens & Minor had a positive return on equity of 8.06% and a negative net margin of 1.14%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.58 billion. During the same period in the prior year, the company earned $0.41 EPS. Owens & Minor’s revenue for the quarter was up 3.8% on a year-over-year basis. On average, sell-side analysts forecast that Owens & Minor, Inc. will post 1.33 EPS for the current fiscal year.

Insider Buying and Selling at Owens & Minor

In other Owens & Minor news, CFO Alexander J. Bruni sold 12,668 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $17.57, for a total value of $222,576.76. Following the completion of the transaction, the chief financial officer now directly owns 41,457 shares in the company, valued at $728,399.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Owens & Minor news, CFO Alexander J. Bruni sold 12,668 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $17.57, for a total value of $222,576.76. Following the completion of the transaction, the chief financial officer now directly owns 41,457 shares in the company, valued at $728,399.49. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Heath H. Galloway sold 5,500 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $17.57, for a total value of $96,635.00. Following the completion of the transaction, the executive vice president now owns 36,479 shares of the company’s stock, valued at $640,936.03. The disclosure for this sale can be found here. Corporate insiders own 3.59% of the company’s stock.

Owens & Minor Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates in two segments, Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.