SG Americas Securities LLC Reduces Position in Owens & Minor, Inc. (NYSE:OMI)

SG Americas Securities LLC cut its holdings in shares of Owens & Minor, Inc. (NYSE:OMI) by 82.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 6,557 shares of the company’s stock after selling 30,548 shares during the quarter. SG Americas Securities LLC’s holdings in Owens & Minor were worth $126,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. BlackRock Inc. boosted its position in shares of Owens & Minor by 1.4% during the first quarter. BlackRock Inc. now owns 11,896,845 shares of the company’s stock valued at $523,700,000 after buying an additional 168,282 shares during the last quarter. FMR LLC grew its stake in shares of Owens & Minor by 10.6% during the 3rd quarter. FMR LLC now owns 11,479,209 shares of the company’s stock valued at $185,504,000 after purchasing an additional 1,103,275 shares during the period. Vanguard Group Inc. increased its position in shares of Owens & Minor by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 8,592,904 shares of the company’s stock valued at $138,861,000 after purchasing an additional 25,891 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Owens & Minor by 1.0% in the 1st quarter. Wellington Management Group LLP now owns 7,552,955 shares of the company’s stock worth $332,482,000 after purchasing an additional 77,252 shares during the period. Finally, Deerfield Management Company L.P. Series C boosted its holdings in shares of Owens & Minor by 35.6% in the third quarter. Deerfield Management Company L.P. Series C now owns 6,435,000 shares of the company’s stock worth $103,990,000 after buying an additional 1,690,000 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Owens & Minor Stock Down 3.5 %

Shares of OMI stock opened at $23.97 on Thursday. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of -44.39, a PEG ratio of 0.79 and a beta of 0.43. Owens & Minor, Inc. has a one year low of $13.34 and a one year high of $28.35. The company’s fifty day moving average price is $24.76 and its 200-day moving average price is $20.72. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 0.52.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Tuesday, February 20th. The company reported $0.69 EPS for the quarter, beating the consensus estimate of $0.66 by $0.03. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.67 billion. Owens & Minor had a negative net margin of 0.40% and a positive return on equity of 11.62%. The company’s revenue was up 4.1% on a year-over-year basis. During the same period last year, the firm earned $0.28 EPS. Sell-side analysts expect that Owens & Minor, Inc. will post 1.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on OMI. Citigroup upped their target price on shares of Owens & Minor from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, February 21st. Robert W. Baird raised their target price on Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Wednesday, April 10th. TheStreet upgraded Owens & Minor from a “d+” rating to a “c-” rating in a research report on Monday, March 4th. Barclays upped their price target on Owens & Minor from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. Finally, SVB Leerink assumed coverage on Owens & Minor in a research report on Monday, February 26th. They set a “market perform” rating and a $24.00 price objective on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Owens & Minor presently has an average rating of “Hold” and a consensus price target of $23.29.

Insider Activity

In other news, SVP Michael Wayne Lowry sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the senior vice president now directly owns 71,654 shares in the company, valued at approximately $1,791,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.62% of the company’s stock.

Owens & Minor Profile

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