Janus Henderson Group PLC Has $24.29 Million Stock Position in Owens & Minor, Inc. (NYSE:OMI)

Janus Henderson Group PLC reduced its holdings in Owens & Minor, Inc. (NYSE:OMI - Free Report) by 18.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,548,430 shares of the company's stock after selling 344,306 shares during the quarter. Janus Henderson Group PLC owned approximately 2.01% of Owens & Minor worth $24,294,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Royce & Associates LP raised its position in shares of Owens & Minor by 179.4% during the 3rd quarter. Royce & Associates LP now owns 80,914 shares of the company's stock valued at $1,270,000 after acquiring an additional 51,955 shares during the last quarter. Deerfield Management Company L.P. Series C increased its position in shares of Owens & Minor by 30.6% in the 2nd 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 buying an additional 1,493,852 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Owens & Minor by 16.5% during the 2nd quarter. Renaissance Technologies LLC now owns 1,246,600 shares of the company's stock worth $16,829,000 after purchasing an additional 176,250 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Owens & Minor by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company's stock worth $61,213,000 after purchasing an additional 76,599 shares in the last quarter. Finally, FMR LLC increased its holdings in Owens & Minor by 0.8% during the 3rd quarter. FMR LLC now owns 11,564,624 shares of the company's stock worth $181,449,000 after purchasing an additional 90,862 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Insider Activity

In other Owens & Minor news, CFO Jonathan A. Leon sold 5,282 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $11.82, for a total transaction of $62,433.24. Following the completion of the transaction, the chief financial officer now directly owns 130,822 shares in the company, valued at $1,546,316.04. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.59% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on OMI shares. Robert W. Baird lowered their target price on Owens & Minor from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Tuesday, November 5th. Barclays reduced their price objective on shares of Owens & Minor from $18.00 to $14.00 and set an "equal weight" rating for the company in a research note on Tuesday, November 5th. StockNews.com downgraded shares of Owens & Minor from a "buy" rating to a "hold" rating in a research note on Monday, August 26th. JPMorgan Chase & Co. reduced their price objective on shares of Owens & Minor from $22.00 to $18.00 and set an "underweight" rating for the company in a research note on Wednesday, August 21st. Finally, UBS Group reduced their price objective on shares of Owens & Minor from $28.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, November 5th. Two investment 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 presently has an average rating of "Hold" and a consensus target price of $18.50.

Owens & Minor Stock Performance

Shares of NYSE:OMI traded down $0.24 during trading on Friday, reaching $13.63. 332,793 shares of the stock were exchanged, compared to its average volume of 555,038. Owens & Minor, Inc. has a 12 month low of $11.42 and a 12 month high of $28.35. The firm has a market cap of $1.05 billion, a PE ratio of -20.97, a PEG ratio of 0.51 and a beta of 0.42. The stock has a 50-day moving average price of $13.39 and a 200-day moving average price of $14.84. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11.

Owens & Minor (NYSE:OMI - Get Free Report) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.01. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The company had revenue of $2.72 billion during the quarter, compared to analysts' expectations of $2.68 billion. During the same quarter in the previous year, the company posted $0.44 earnings per share. The business's revenue was up 5.0% on a year-over-year basis. Research analysts expect that Owens & Minor, Inc. will post 1.49 EPS for the current fiscal 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.