Fmr LLC Has $181.45 Million Stock Position in Owens & Minor, Inc. (NYSE:OMI)

FMR LLC raised its position in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) by 0.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,564,624 shares of the company's stock after purchasing an additional 90,862 shares during the period. FMR LLC owned approximately 15.00% of Owens & Minor worth $181,449,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Quarry LP boosted its position in Owens & Minor by 290.1% during the 2nd quarter. Quarry LP now owns 2,099 shares of the company's stock valued at $28,000 after acquiring an additional 1,561 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in 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 buying an additional 1,356 shares during the period. Innealta Capital LLC bought a new position in shares of Owens & Minor during the 2nd quarter valued at about $43,000. Blue Trust Inc. boosted its holdings 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 boosted 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 purchasing an additional 3,044 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

Owens & Minor Price Performance

Shares of OMI traded up $0.08 during trading hours on Tuesday, reaching $14.18. The company had a trading volume of 214,907 shares, compared to its average volume of 816,070. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of -21.68, a PEG ratio of 0.46 and a beta of 0.42. The firm has a 50 day simple moving average of $13.48 and a 200-day simple moving average of $14.93. Owens & Minor, Inc. has a 12-month low of $11.42 and a 12-month high of $28.35.

Owens & Minor (NYSE:OMI - Get Free Report) last released its earnings results on Monday, November 4th. The company reported $0.42 earnings per share (EPS) 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 during the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the firm earned $0.44 earnings per share. Owens & Minor's revenue was up 5.0% compared to the same quarter last year. Research analysts expect that Owens & Minor, Inc. will post 1.49 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on OMI shares. UBS Group reduced their price objective on shares of Owens & Minor from $28.00 to $25.00 and set a "buy" rating on the stock in a research report 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. Barclays reduced their target price on shares of Owens & Minor from $18.00 to $14.00 and set an "equal weight" rating for the company in a report on Tuesday, November 5th. Citigroup cut their price objective on shares of Owens & Minor from $21.00 to $18.50 and set a "buy" rating for the company in a report on Tuesday, November 5th. Finally, Robert W. Baird cut their target price on shares of Owens & Minor from $19.00 to $14.00 and set a "neutral" rating for the company in a research note on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Owens & Minor presently has an average rating of "Hold" and an average price target of $18.50.

Insiders Place Their Bets

In related news, CFO Jonathan A. Leon sold 5,282 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $11.82, for a total value of $62,433.24. Following the completion of the transaction, the chief financial officer now owns 130,822 shares in the company, valued at $1,546,316.04. This represents a 3.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 2.62% of the stock is owned by corporate insiders.

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.