Texas Permanent School Fund Corp Purchases 13,723 Shares of Owens & Minor, Inc. (NYSE:OMI)

Texas Permanent School Fund Corp boosted its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 20.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 80,676 shares of the company’s stock after acquiring an additional 13,723 shares during the quarter. Texas Permanent School Fund Corp owned 0.11% of Owens & Minor worth $1,089,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of OMI. Vanguard Group Inc. grew its stake in shares of Owens & Minor by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 8,749,866 shares of the company’s stock valued at $242,459,000 after purchasing an additional 162,182 shares during the period. Campbell & CO Investment Adviser LLC purchased a new position in shares of Owens & Minor in the fourth quarter worth approximately $852,000. Norges Bank bought a new stake in Owens & Minor during the fourth quarter valued at approximately $9,160,000. Gabelli Funds LLC increased its holdings in Owens & Minor by 25.9% during the first quarter. Gabelli Funds LLC now owns 170,000 shares of the company’s stock valued at $4,711,000 after buying an additional 35,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Owens & Minor by 8.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,210,991 shares of the company’s stock worth $81,148,000 after acquiring an additional 327,002 shares during the period. Institutional investors own 98.04% of the company’s stock.

Owens & Minor Trading Down 1.0 %

Shares of OMI opened at $15.88 on Friday. The firm has a market cap of $1.21 billion, a P/E ratio of -31.24, a price-to-earnings-growth ratio of 0.47 and a beta of 0.39. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.09 and a quick ratio of 0.51. Owens & Minor, Inc. has a 1 year low of $12.36 and a 1 year high of $28.35. The company has a 50 day simple moving average of $15.46 and a two-hundred day simple moving average of $18.96.

Owens & Minor (NYSE:OMI) last posted its earnings results on Friday, August 2nd. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. The company had revenue of $2.67 billion during the quarter, compared to analysts’ expectations of $2.65 billion. Owens & Minor had a negative net margin of 0.40% and a positive return on equity of 14.66%. Owens & Minor’s quarterly revenue was up 4.2% on a year-over-year basis. During the same period last year, the company posted $0.18 earnings per share. On average, equities analysts expect that Owens & Minor, Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

OMI has been the subject of several analyst reports. Robert W. Baird reduced their price objective on Owens & Minor from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. JPMorgan Chase & Co. decreased their price objective on Owens & Minor from $22.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 21st. Bank of America reduced their target price on shares of Owens & Minor from $18.00 to $16.00 and set an “underperform” rating for the company in a report on Tuesday, June 25th. Citigroup raised shares of Owens & Minor from a “neutral” rating to a “buy” rating and lowered their price target for the company from $24.00 to $19.00 in a report on Friday, July 19th. Finally, StockNews.com cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $20.00.

About Owens & Minor

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.