Foundry Partners LLC Takes Position in Owens & Minor, Inc. (NYSE:OMI)

Foundry Partners LLC bought a new position in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 333,843 shares of the company's stock, valued at approximately $5,238,000. Foundry Partners LLC owned approximately 0.43% of Owens & Minor as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Quarry LP lifted its holdings in shares of Owens & Minor by 290.1% during the 2nd quarter. Quarry LP now owns 2,099 shares of the company's stock worth $28,000 after acquiring an additional 1,561 shares during the last quarter. Innealta Capital LLC bought a new stake in Owens & Minor during the second quarter worth about $43,000. DekaBank Deutsche Girozentrale boosted its holdings in shares of Owens & Minor by 76.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company's stock worth $43,000 after purchasing an additional 1,356 shares in the last quarter. Blue Trust Inc. increased its position in shares of Owens & Minor by 176.8% during the 3rd quarter. Blue Trust Inc. now owns 2,787 shares of the company's stock valued at $44,000 after purchasing an additional 1,780 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Owens & Minor by 100.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,071 shares of the company's stock valued at $82,000 after buying an additional 3,044 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the stock. JPMorgan Chase & Co. reduced their price target on shares of Owens & Minor from $22.00 to $18.00 and set an "underweight" rating on the stock in a research report on Wednesday, August 21st. Citigroup cut their price target on shares of Owens & Minor from $21.00 to $18.50 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Robert W. Baird decreased their price objective on Owens & Minor from $19.00 to $14.00 and set a "neutral" rating on the stock in a report on Tuesday, November 5th. StockNews.com cut Owens & Minor from a "buy" rating to a "hold" rating in a report on Monday, August 26th. Finally, UBS Group lowered their price objective on Owens & Minor from $28.00 to $25.00 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Two equities 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's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $18.50.

Owens & Minor Trading Up 0.8 %

NYSE:OMI traded up $0.10 during trading hours on Friday, hitting $12.33. The company had a trading volume of 521,025 shares, compared to its average volume of 824,828. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45. The stock has a 50-day moving average price of $13.75 and a 200 day moving average price of $15.21. The company has a market capitalization of $950.77 million, a PE ratio of -18.97, a price-to-earnings-growth ratio of 0.43 and a beta of 0.41. Owens & Minor, Inc. has a 52 week low of $11.42 and a 52 week high of $28.35.

Owens & Minor (NYSE:OMI - Get Free Report) last announced its earnings results on Monday, November 4th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.01. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the previous year, the firm posted $0.44 EPS. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Owens & Minor, Inc. will post 1.49 EPS 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.