Jane Street Group LLC Sells 163,757 Shares of Owens & Minor, Inc. (NYSE:OMI)

Jane Street Group LLC reduced its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 87.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,523 shares of the company’s stock after selling 163,757 shares during the quarter. Jane Street Group LLC’s holdings in Owens & Minor were worth $294,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Freestone Grove Partners LP bought a new stake in shares of Owens & Minor during the 4th quarter valued at $5,125,000. Northern Trust Corp raised its stake in shares of Owens & Minor by 13.7% in the fourth quarter. Northern Trust Corp now owns 968,101 shares of the company’s stock worth $12,653,000 after buying an additional 116,754 shares during the period. Susquehanna Fundamental Investments LLC purchased a new position in shares of Owens & Minor during the 4th quarter valued at about $1,443,000. Voya Investment Management LLC increased its holdings in Owens & Minor by 23.5% in the 4th quarter. Voya Investment Management LLC now owns 66,517 shares of the company’s stock worth $869,000 after acquiring an additional 12,672 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Owens & Minor by 5.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 57,216 shares of the company’s stock worth $748,000 after purchasing an additional 2,986 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on OMI shares. JPMorgan Chase & Co. decreased their target price on Owens & Minor from $14.00 to $10.00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. UBS Group decreased their target price on Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Citigroup decreased their target price on Owens & Minor from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, Robert W. Baird boosted their target price on Owens & Minor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Owens & Minor presently has a consensus rating of “Hold” and a consensus price target of $12.50.

Insider Buying and Selling at Owens & Minor

In other news, major shareholder Coliseum Capital Management, L acquired 160,000 shares of Owens & Minor stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of $8.53 per share, with a total value of $1,364,800.00. Following the completion of the transaction, the insider now owns 10,784,599 shares in the company, valued at approximately $91,992,629.47. This trade represents a 1.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have bought 625,000 shares of company stock worth $4,909,150 over the last quarter. 3.69% of the stock is owned by corporate insiders.

Owens & Minor Price Performance

OMI stock opened at $6.34 on Tuesday. Owens & Minor, Inc. has a 1 year low of $6.07 and a 1 year high of $17.78. The firm has a market capitalization of $489.41 million, a PE ratio of -9.75, a price-to-earnings-growth ratio of 0.20 and a beta of 1.38. The business has a 50 day simple moving average of $7.27 and a 200-day simple moving average of $10.10. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Saturday, May 10th. The company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. During the same period in the prior year, the company earned $0.19 earnings per share. The business’s revenue was up .7% compared to the same quarter last year. Equities research analysts anticipate that Owens & Minor, Inc. will post 1.51 earnings per share for the current fiscal year.

Owens & Minor announced that its Board of Directors has approved a stock repurchase plan on Friday, February 28th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 13.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Owens & Minor Company Profile

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.