Owens & Minor, Inc. (NYSE:OMI) Holdings Raised by Quarry LP

Quarry LP boosted its stake in Owens & Minor, Inc. (NYSE:OMI) by 290.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,099 shares of the company’s stock after buying an additional 1,561 shares during the period. Quarry LP’s holdings in Owens & Minor were worth $28,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Owens & Minor by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 8,749,866 shares of the company’s stock valued at $242,459,000 after acquiring an additional 162,182 shares in the last quarter. Deerfield Management Company L.P. Series C lifted its holdings in shares of Owens & Minor by 30.6% in the second quarter. Deerfield Management Company L.P. Series C now owns 6,371,440 shares of the company’s stock valued at $86,014,000 after purchasing an additional 1,493,852 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Owens & Minor by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company’s stock valued at $61,213,000 after purchasing an additional 76,599 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Owens & Minor by 16.5% in the second quarter. Renaissance Technologies LLC now owns 1,246,600 shares of the company’s stock worth $16,829,000 after buying an additional 176,250 shares during the period. Finally, Bridgeway Capital Management LLC grew its holdings in shares of Owens & Minor by 11.8% during the first quarter. Bridgeway Capital Management LLC now owns 591,174 shares of the company’s stock valued at $16,381,000 after buying an additional 62,509 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Wall Street Analyst Weigh In

OMI has been the topic of a number of research reports. Robert W. Baird dropped their price target on shares of Owens & Minor from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Barclays dropped their target price on Owens & Minor from $23.00 to $18.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Citigroup upgraded Owens & Minor from a “neutral” rating to a “buy” rating and reduced their price target for the company from $24.00 to $19.00 in a report on Friday, July 19th. JPMorgan Chase & Co. dropped their price objective on Owens & Minor from $22.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, August 21st. 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 research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Owens & Minor has a consensus rating of “Hold” and a consensus target price of $20.00.

Owens & Minor Trading Down 7.6 %

Shares of NYSE:OMI opened at $13.57 on Tuesday. Owens & Minor, Inc. has a 12-month low of $12.36 and a 12-month high of $28.35. The business has a 50 day moving average of $15.45 and a 200-day moving average of $18.00. The company has a quick ratio of 0.51, a current ratio of 1.09 and a debt-to-equity ratio of 2.17. The stock has a market cap of $1.04 billion, a PE ratio of -26.61, a P/E/G ratio of 0.49 and a beta of 0.39.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Friday, August 2nd. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The business 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 revenue was up 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. As a group, equities research analysts forecast that Owens & Minor, Inc. will post 1.57 earnings per share for the current year.

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.