Strs Ohio Reduces Holdings in Owens & Minor, Inc. (NYSE:OMI)

Strs Ohio trimmed its holdings in shares of Owens & Minor, Inc. (NYSE:OMI) by 20.7% in the fourth quarter, HoldingsChannel reports. The firm owned 36,300 shares of the company’s stock after selling 9,500 shares during the period. Strs Ohio’s holdings in Owens & Minor were worth $699,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Louisiana State Employees Retirement System purchased a new position in shares of Owens & Minor during the 4th quarter worth approximately $738,000. Cerity Partners LLC boosted its holdings in shares of Owens & Minor by 3.5% in the 4th quarter. Cerity Partners LLC now owns 101,390 shares of the company’s stock valued at $1,954,000 after purchasing an additional 3,383 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Owens & Minor by 0.3% in 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. Teachers Retirement System of The State of Kentucky boosted its holdings in shares of Owens & Minor by 11.1% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 71,924 shares of the company’s stock valued at $1,162,000 after purchasing an additional 7,207 shares during the last quarter. Finally, Tudor Investment Corp Et Al boosted its holdings in shares of Owens & Minor by 18.2% in the 3rd quarter. Tudor Investment Corp Et Al now owns 193,377 shares of the company’s stock valued at $3,125,000 after purchasing an additional 29,781 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Owens & Minor Stock Performance

Owens & Minor stock opened at $24.12 on Friday. Owens & Minor, Inc. has a 12-month low of $13.34 and a 12-month high of $28.35. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of -44.67, a price-to-earnings-growth ratio of 0.81 and a beta of 0.43. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 0.52. The firm’s fifty day moving average price is $25.16 and its 200 day moving average price is $21.05.

Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Tuesday, February 20th. The company reported $0.69 earnings per share (EPS) for the quarter, topping 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 firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.28 EPS. On average, research analysts forecast that Owens & Minor, Inc. will post 1.54 EPS for the current fiscal year.

Insider Transactions at Owens & Minor

In other news, SVP Jonathan A. Leon sold 5,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $24.84, for a total value of $124,200.00. Following the completion of the sale, the senior vice president now owns 84,673 shares of the company’s stock, valued at approximately $2,103,277.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Jonathan A. Leon sold 5,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $24.84, for a total value of $124,200.00. Following the completion of the sale, the senior vice president now owns 84,673 shares of the company’s stock, valued at approximately $2,103,277.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Michael Wayne Lowry sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the sale, the senior vice president now directly owns 71,654 shares of the company’s stock, valued at approximately $1,791,350. The disclosure for this sale can be found here. Insiders own 3.59% of the company’s stock.

Wall Street Analyst Weigh In

OMI has been the topic of a number of research analyst reports. UBS Group decreased their price target on shares of Owens & Minor from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, January 29th. Robert W. Baird lifted their target price on shares of Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Wednesday, April 10th. SVB Leerink initiated coverage on shares of Owens & Minor in a report on Monday, February 26th. They set a “market perform” rating and a $24.00 target price on the stock. TheStreet upgraded shares of Owens & Minor from a “d+” rating to a “c-” rating in a report on Monday, March 4th. Finally, Leerink Partnrs restated a “market perform” rating on shares of Owens & Minor in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $23.29.

Owens & Minor Company 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.