Owens & Minor, Inc. (NYSE:OMI) Shares Sold by Swiss National Bank

Swiss National Bank lowered its stake in Owens & Minor, Inc. (NYSE:OMI) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 143,300 shares of the company’s stock after selling 15,800 shares during the quarter. Swiss National Bank owned about 0.19% of Owens & Minor worth $2,761,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale acquired a new position in Owens & Minor in the third quarter valued at about $29,000. Allspring Global Investments Holdings LLC lifted its position in shares of Owens & Minor by 62.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 6,347 shares of the company’s stock worth $103,000 after purchasing an additional 2,448 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Owens & Minor during the fourth quarter worth about $214,000. Teacher Retirement System of Texas acquired a new stake in shares of Owens & Minor during the third quarter worth about $218,000. Finally, Linden Thomas Advisory Services LLC lifted its position in shares of Owens & Minor by 26.9% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 13,905 shares of the company’s stock worth $268,000 after purchasing an additional 2,944 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on OMI shares. StockNews.com cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a research report on Thursday. TheStreet raised shares of Owens & Minor from a “d+” rating to a “c-” rating in a research report on Monday, March 4th. Citigroup increased their price target on shares of Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. SVB Leerink began coverage on shares of Owens & Minor in a research report on Monday, February 26th. They set a “market perform” rating and a $24.00 price target on the stock. Finally, Leerink Partnrs reaffirmed a “market perform” rating on shares of Owens & Minor in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.29.

Insiders Place Their Bets

In other Owens & Minor news, SVP Michael Wayne Lowry sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the senior vice president now owns 71,654 shares of the company’s stock, valued at $1,791,350. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Michael Wayne Lowry sold 10,000 shares of Owens & Minor stock in a transaction on 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 of the company’s stock, valued at approximately $1,791,350. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jonathan A. Leon sold 5,000 shares of Owens & Minor stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the completion of the transaction, the senior vice president now directly owns 84,673 shares in the company, valued at $2,103,277.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,031 shares of company stock valued at $415,186. 2.62% of the stock is owned by corporate insiders.

Owens & Minor Stock Up 0.5 %

Shares of NYSE:OMI opened at $17.76 on Thursday. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of -34.82, a price-to-earnings-growth ratio of 0.61 and a beta of 0.52. Owens & Minor, Inc. has a fifty-two week low of $13.64 and a fifty-two week high of $28.35. The company has a quick ratio of 0.56, a current ratio of 1.16 and a debt-to-equity ratio of 2.17. The firm’s 50 day moving average price is $23.74 and its 200 day moving average price is $21.79.

Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. Owens & Minor had a negative net margin of 0.37% and a positive return on equity of 12.97%. The company had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. During the same quarter last year, the company earned $0.05 earnings per share. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that Owens & Minor, Inc. will post 1.53 earnings per share for the current fiscal year.

Owens & Minor 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.