LPL Financial LLC Purchases Shares of 47,195 Owens & Minor, Inc. (NYSE:OMI)

LPL Financial LLC acquired a new stake in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 47,195 shares of the company's stock, valued at approximately $617,000. LPL Financial LLC owned about 0.06% of Owens & Minor as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Blue Trust Inc. grew its position in Owens & Minor by 57.4% during the 4th quarter. Blue Trust Inc. now owns 4,387 shares of the company's stock worth $57,000 after purchasing an additional 1,600 shares in the last quarter. KBC Group NV grew its holdings in shares of Owens & Minor by 98.2% during the fourth quarter. KBC Group NV now owns 4,434 shares of the company's stock valued at $58,000 after buying an additional 2,197 shares in the last quarter. Inspire Advisors LLC raised its position in Owens & Minor by 11.2% during the fourth quarter. Inspire Advisors LLC now owns 15,350 shares of the company's stock valued at $201,000 after buying an additional 1,548 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Owens & Minor in the 4th quarter valued at about $256,000. Finally, Wealthfront Advisers LLC acquired a new stake in shares of Owens & Minor during the fourth quarter worth approximately $257,000. 98.04% of the stock is owned by institutional investors.

Insider Transactions at Owens & Minor

In related news, major shareholder Coliseum Capital Management, L bought 354,901 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average cost of $9.19 per share, for a total transaction of $3,261,540.19. Following the purchase, the insider now directly owns 9,824,599 shares in the company, valued at $90,288,064.81. This trade represents a 3.75 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have acquired 2,718,412 shares of company stock worth $24,495,308. Company insiders own 3.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on OMI shares. UBS Group decreased their target price on shares of Owens & Minor from $25.00 to $13.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Citigroup lowered their target price on Owens & Minor from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Robert W. Baird raised their price target on Owens & Minor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. lowered their price target on Owens & Minor from $14.00 to $10.00 and set an "underweight" rating for the company in a research note on Monday, March 10th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $12.50.

Owens & Minor Stock Down 0.9 %

Shares of OMI traded down $0.06 during trading hours on Friday, hitting $6.91. 980,968 shares of the company were exchanged, compared to its average volume of 1,114,737. The firm's 50 day moving average is $8.18 and its 200-day moving average is $11.24. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09. Owens & Minor, Inc. has a 52 week low of $6.07 and a 52 week high of $25.60. The company has a market cap of $533.83 million, a PE ratio of -10.63, a PEG ratio of 0.20 and a beta of 1.02.

Owens & Minor (NYSE:OMI - Get Free Report) last announced its quarterly earnings results on Friday, February 28th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter last year, the company posted $0.69 earnings per share. The company's revenue for the quarter was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Owens & Minor, Inc. will post 1.51 EPS for the current fiscal year.

Owens & Minor declared that its Board of Directors has approved a share buyback plan on Friday, February 28th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 13.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its shares are undervalued.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.