Nisa Investment Advisors LLC Sells 1,400 Shares of Owens & Minor, Inc. (NYSE:OMI)

Nisa Investment Advisors LLC trimmed its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 50.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,390 shares of the company’s stock after selling 1,400 shares during the period. Nisa Investment Advisors LLC’s holdings in Owens & Minor were worth $27,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in 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 buying an additional 25,891 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its stake in Owens & Minor by 11.1% during the third 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 acquiring an additional 7,207 shares in the last quarter. Tudor Investment Corp Et Al increased its holdings in 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 acquiring an additional 29,781 shares during the last quarter. Kennedy Capital Management LLC lifted its stake in Owens & Minor by 117.2% in the 3rd quarter. Kennedy Capital Management LLC now owns 267,231 shares of the company’s stock worth $4,318,000 after purchasing an additional 144,214 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Owens & Minor by 61.1% during the 3rd quarter. AQR Capital Management LLC now owns 446,911 shares of the company’s stock valued at $7,222,000 after purchasing an additional 169,488 shares during the last quarter. Institutional investors own 98.04% of the company’s stock.

Insider Transactions at Owens & Minor

In other news, SVP Michael Wayne Lowry sold 10,000 shares of the company’s stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the senior vice president now directly owns 71,654 shares in the company, valued at $1,791,350. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 2.62% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on OMI. TheStreet raised Owens & Minor from a “d+” rating to a “c-” rating in a report on Monday, March 4th. StockNews.com upgraded Owens & Minor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Leerink Partnrs reaffirmed a “market perform” rating on shares of Owens & Minor in a research note on Monday, February 26th. SVB Leerink assumed coverage on shares of Owens & Minor in a research note on Monday, February 26th. They issued a “market perform” rating and a $24.00 price objective for the company. Finally, UBS Group lowered their price target on shares of Owens & Minor from $28.00 to $26.00 and set a “buy” rating for the company in a report on Monday, January 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Owens & Minor has an average rating of “Hold” and an average target price of $23.29.

Owens & Minor Price Performance

OMI stock opened at $24.23 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 0.52 and a debt-to-equity ratio of 2.05. Owens & Minor, Inc. has a 12 month low of $13.34 and a 12 month high of $28.35. The stock has a market cap of $1.86 billion, a PE ratio of -44.87, a P/E/G ratio of 0.78 and a beta of 0.43. The company has a 50-day moving average price of $24.96 and a 200 day moving average price of $20.93.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings results on Tuesday, February 20th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. Owens & Minor had a positive return on equity of 11.62% and a negative net margin of 0.40%. The firm had revenue of $2.66 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period in the prior year, the business posted $0.28 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts anticipate that Owens & Minor, Inc. will post 1.54 earnings per share for the current year.

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.