Owens & Minor, Inc. (NYSE:OMI) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System decreased its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 5.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 65,275 shares of the company’s stock after selling 3,638 shares during the quarter. California State Teachers Retirement System owned about 0.08% of Owens & Minor worth $853,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of OMI. Sterling Capital Management LLC boosted its holdings in shares of Owens & Minor by 758.3% during the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company’s stock valued at $27,000 after acquiring an additional 1,820 shares during the period. Blue Trust Inc. raised its stake in shares of Owens & Minor by 57.4% during the fourth quarter. Blue Trust Inc. now owns 4,387 shares of the company’s stock valued at $57,000 after purchasing an additional 1,600 shares in the last quarter. KBC Group NV raised its stake in shares of Owens & Minor by 98.2% during the fourth quarter. KBC Group NV now owns 4,434 shares of the company’s stock valued at $58,000 after purchasing an additional 2,197 shares in the last quarter. Cetera Investment Advisers bought a new stake in shares of Owens & Minor during the fourth quarter valued at about $140,000. Finally, Guggenheim Capital LLC bought a new stake in shares of Owens & Minor during the fourth quarter valued at about $166,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on OMI shares. UBS Group cut their price objective on shares of Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. cut their price objective on shares of Owens & Minor from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. Robert W. Baird lifted their price objective on shares of Owens & Minor from $9.00 to $10.00 and gave the company a “neutral” rating in a research note on Friday, June 6th. Finally, Citigroup dropped their price target on shares of Owens & Minor from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $12.33.

Insider Buying and Selling at Owens & Minor

In other Owens & Minor news, major shareholder Coliseum Capital Management, L bought 160,000 shares of the stock in a transaction on Thursday, April 3rd. The shares were bought at an average price of $8.53 per share, with a total value of $1,364,800.00. Following the purchase, the insider now directly owns 10,784,599 shares in the company, valued at $91,992,629.47. The trade was a 1.51% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 625,000 shares of company stock valued at $4,909,150 in the last 90 days. 3.69% of the stock is currently owned by corporate insiders.

Owens & Minor Price Performance

Shares of Owens & Minor stock opened at $8.18 on Wednesday. The company’s 50-day moving average price is $7.12 and its two-hundred day moving average price is $9.92. The stock has a market cap of $632.10 million, a PE ratio of -12.59, a price-to-earnings-growth ratio of 0.20 and a beta of 1.31. Owens & Minor, Inc. has a 52 week low of $6.07 and a 52 week high of $17.64. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings results on Saturday, May 10th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. Owens & Minor’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $0.19 EPS. As a group, sell-side analysts anticipate that Owens & Minor, Inc. will post 1.51 EPS for the current fiscal year.

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

About Owens & Minor

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.