Vanguard Group Inc. Sells 5,220 Shares of Owens & Minor, Inc. (NYSE:OMI)

Vanguard Group Inc. trimmed its position in Owens & Minor, Inc. (NYSE:OMI) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,587,684 shares of the company’s stock after selling 5,220 shares during the quarter. Vanguard Group Inc. owned approximately 11.21% of Owens & Minor worth $165,485,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Campbell & CO Investment Adviser LLC bought a new stake in Owens & Minor in the 4th quarter valued at $852,000. First Eagle Investment Management LLC lifted its position in Owens & Minor by 39.7% during the fourth quarter. First Eagle Investment Management LLC now owns 241,534 shares of the company’s stock worth $4,654,000 after acquiring an additional 68,596 shares during the last quarter. Norges Bank bought a new stake in shares of Owens & Minor during the fourth quarter worth approximately $9,160,000. Dimensional Fund Advisors LP grew its holdings in Owens & Minor by 8.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,210,991 shares of the company’s stock valued at $81,148,000 after buying an additional 327,002 shares in the last quarter. Finally, Gotham Asset Management LLC increased its position in Owens & Minor by 106.4% during the 3rd quarter. Gotham Asset Management LLC now owns 33,578 shares of the company’s stock worth $543,000 after buying an additional 17,310 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Owens & Minor Stock Down 1.1 %

OMI stock opened at $13.10 on Thursday. The firm has a 50-day moving average price of $18.01 and a 200-day moving average price of $21.03. Owens & Minor, Inc. has a 12 month low of $12.86 and a 12 month high of $28.35. The company has a current ratio of 1.16, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17. The stock has a market capitalization of $1.00 billion, a P/E ratio of -25.69, a price-to-earnings-growth ratio of 0.43 and a beta of 0.25.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Friday, May 3rd. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. Owens & Minor had a negative net margin of 0.37% and a positive return on equity of 12.97%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.05 EPS. As a group, equities research analysts anticipate that Owens & Minor, Inc. will post 1.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on OMI. Robert W. Baird decreased their price target on shares of Owens & Minor from $24.00 to $20.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 25th. StockNews.com lowered Owens & Minor from a “buy” rating to a “hold” rating in a research note on Thursday, May 23rd. Bank of America cut their target price on Owens & Minor from $18.00 to $16.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. Finally, Citigroup raised their price target on Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.88.

Insider Buying and Selling

In other news, EVP Heath H. Galloway sold 2,031 shares of Owens & Minor stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $20.18, for a total transaction of $40,985.58. Following the sale, the executive vice president now directly owns 56,898 shares of the company’s stock, valued at $1,148,201.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Heath H. Galloway sold 2,031 shares of Owens & Minor stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $20.18, for a total transaction of $40,985.58. Following the transaction, the executive vice president now owns 56,898 shares in the company, valued at $1,148,201.64. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Jonathan A. Leon sold 5,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total transaction of $124,200.00. Following the completion of the sale, the senior vice president now directly owns 84,673 shares in the company, valued at approximately $2,103,277.32. The disclosure for this sale can be found here. Insiders have sold 36,923 shares of company stock worth $686,911 in the last 90 days. Insiders own 2.62% of the company’s stock.

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.