Swiss National Bank Buys 3,400 Shares of Owens & Minor, Inc. (NYSE:OMI)

Swiss National Bank grew its holdings in Owens & Minor, Inc. (NYSE:OMI – Get Rating) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 174,900 shares of the company’s stock after purchasing an additional 3,400 shares during the period. Swiss National Bank owned approximately 0.23% of Owens & Minor worth $3,416,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas grew its stake in Owens & Minor by 42.1% during the third quarter. Teacher Retirement System of Texas now owns 16,189 shares of the company’s stock valued at $390,000 after acquiring an additional 4,799 shares in the last quarter. Jump Financial LLC bought a new position in shares of Owens & Minor in the 3rd quarter worth $657,000. Mutual of America Capital Management LLC increased its holdings in shares of Owens & Minor by 560.1% in the 3rd quarter. Mutual of America Capital Management LLC now owns 84,375 shares of the company’s stock worth $2,033,000 after buying an additional 71,592 shares during the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Owens & Minor by 59.4% in the 4th quarter. Wolverine Asset Management LLC now owns 86,905 shares of the company’s stock worth $1,697,000 after buying an additional 32,400 shares during the last quarter. Finally, Cipher Capital LP bought a new position in shares of Owens & Minor in the 3rd quarter worth $283,000.

Insider Activity at Owens & Minor

In related news, SVP Jonathan A. Leon sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 22nd. The shares were sold at an average price of $13.50, for a total transaction of $81,000.00. Following the completion of the sale, the senior vice president now directly owns 106,723 shares in the company, valued at $1,440,760.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.59% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Credit Suisse Group reduced their target price on shares of Owens & Minor from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Tuesday, March 7th. Robert W. Baird increased their target price on shares of Owens & Minor from $18.00 to $21.00 in a report on Monday, May 8th. UBS Group increased their price target on shares of Owens & Minor from $22.00 to $24.00 in a research report on Monday, May 8th. Citigroup dropped their price target on shares of Owens & Minor from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, March 8th. Finally, StockNews.com assumed coverage on shares of Owens & Minor in a research report on Thursday. They set a “hold” rating for the company. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.83.

Owens & Minor Stock Up 0.7 %

NYSE:OMI opened at $20.28 on Monday. The firm has a market cap of $1.55 billion, a P/E ratio of -36.21, a P/E/G ratio of 3.97 and a beta of 0.57. The company has a debt-to-equity ratio of 2.56, a quick ratio of 0.60 and a current ratio of 1.39. Owens & Minor, Inc. has a fifty-two week low of $11.79 and a fifty-two week high of $37.03. The firm has a 50-day simple moving average of $15.20 and a two-hundred day simple moving average of $18.11.

Owens & Minor (NYSE:OMI – Get Rating) last announced its quarterly earnings results on Friday, May 5th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.14. Owens & Minor had a negative net margin of 0.41% and a positive return on equity of 12.12%. The firm had revenue of $2.52 billion during the quarter, compared to analyst estimates of $2.40 billion. During the same period in the previous year, the business posted $0.96 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts predict that Owens & Minor, Inc. will post 1.36 earnings per share for the current fiscal year.

About Owens & Minor

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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. The Products and Healthcare Services segment includes medical distribution, the outsourced logistics and value-added services business, and global products, which manufacture and source medical surgical products through the production and kitting operations.