Dana Investment Advisors Inc. Has $6.99 Million Stock Position in Owens & Minor, Inc. (NYSE:OMI)

Dana Investment Advisors Inc. cut its holdings in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 534,420 shares of the company's stock after selling 30,761 shares during the period. Dana Investment Advisors Inc. owned approximately 0.69% of Owens & Minor worth $6,985,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in OMI. Blue Trust Inc. lifted its position in shares of Owens & Minor by 57.4% during the 4th quarter. Blue Trust Inc. now owns 4,387 shares of the company's stock valued at $57,000 after acquiring an additional 1,600 shares during the last quarter. KBC Group NV raised its position 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 worth $58,000 after purchasing an additional 2,197 shares during the period. Meeder Asset Management Inc. lifted its position in shares of Owens & Minor by 844.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 9,016 shares of the company's stock valued at $141,000 after acquiring an additional 8,061 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in Owens & Minor by 34.2% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,917 shares of the company's stock worth $339,000 after purchasing an additional 6,609 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its stake in Owens & Minor by 16.3% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 26,302 shares of the company's stock worth $344,000 after purchasing an additional 3,688 shares during the period. 98.04% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Owens & Minor

In related news, major shareholder Coliseum Capital Management, L bought 354,901 shares of the business's stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of $9.19 per share, for a total transaction of $3,261,540.19. Following the completion of the acquisition, the insider now directly owns 9,824,599 shares in the company, valued at approximately $90,288,064.81. This represents a 3.75 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 3.59% of the company's stock.

Owens & Minor Stock Up 0.3 %

OMI traded up $0.03 during trading on Friday, reaching $10.00. 1,437,004 shares of the stock traded hands, compared to its average volume of 1,711,562. The stock's 50-day simple moving average is $11.20 and its two-hundred day simple moving average is $13.03. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45. Owens & Minor, Inc. has a fifty-two week low of $6.07 and a fifty-two week high of $28.35. The stock has a market cap of $772.08 million, a price-to-earnings ratio of -15.38, a price-to-earnings-growth ratio of 0.20 and a beta of 0.61.

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

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

Analyst Ratings Changes

Several analysts have issued reports on OMI shares. Robert W. Baird boosted their target price on shares of Owens & Minor from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. UBS Group dropped their price target on Owens & Minor from $25.00 to $13.00 and set a "buy" rating on the stock in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Owens & Minor presently has an average rating of "Hold" and an average target price of $15.08.

Owens & Minor 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.