First Eagle Investment Management LLC Lowers Holdings in Owens & Minor, Inc. (NYSE:OMI)

First Eagle Investment Management LLC decreased its holdings in shares of Owens & Minor, Inc. (NYSE:OMI) by 48.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 148,334 shares of the company’s stock after selling 138,000 shares during the quarter. First Eagle Investment Management LLC owned about 0.19% of Owens & Minor worth $2,003,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Riverview Trust Co purchased a new position in shares of Owens & Minor during the 1st quarter worth approximately $25,000. Hexagon Capital Partners LLC grew its holdings in shares of Owens & Minor by 1,240.2% in the first quarter. Hexagon Capital Partners LLC now owns 1,568 shares of the company’s stock valued at $43,000 after purchasing an additional 1,451 shares in the last quarter. GAMMA Investing LLC increased its stake in Owens & Minor by 52.1% during the 1st quarter. GAMMA Investing LLC now owns 1,644 shares of the company’s stock worth $46,000 after buying an additional 563 shares during the period. Quest Partners LLC acquired a new stake in Owens & Minor during the 4th quarter worth approximately $41,000. Finally, Quarry LP boosted its position in Owens & Minor by 38.8% in the 4th quarter. Quarry LP now owns 2,573 shares of the company’s stock valued at $50,000 after buying an additional 719 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on OMI shares. Robert W. Baird cut their price objective on Owens & Minor from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. StockNews.com downgraded Owens & Minor from a “buy” rating to a “hold” rating in a report on Monday, August 26th. JPMorgan Chase & Co. dropped their price target 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 price objective on Owens & Minor from $18.00 to $16.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. Finally, Citigroup upgraded shares of Owens & Minor from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $24.00 to $19.00 in a research report on Friday, July 19th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Owens & Minor presently has a consensus rating of “Hold” and a consensus target price of $20.00.

Owens & Minor Trading Down 1.0 %

Shares of Owens & Minor stock opened at $15.88 on Friday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -31.14, a price-to-earnings-growth ratio of 0.47 and a beta of 0.39. Owens & Minor, Inc. has a 52-week low of $12.36 and a 52-week high of $28.35. The company’s 50-day simple moving average is $15.46 and its 200-day simple moving average is $18.96. The company has a quick ratio of 0.51, a current ratio of 1.09 and a debt-to-equity ratio of 2.17.

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