Owens & Minor, Inc. (NYSE:OMI) Stake Raised by Vestcor Inc

Vestcor Inc grew its holdings in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) by 624.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 41,303 shares of the company's stock after acquiring an additional 35,600 shares during the period. Vestcor Inc owned about 0.05% of Owens & Minor worth $648,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. DekaBank Deutsche Girozentrale grew its stake in Owens & Minor by 76.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company's stock valued at $43,000 after purchasing an additional 1,356 shares in the last quarter. Arizona State Retirement System increased its stake in shares of Owens & Minor by 7.7% in the second quarter. Arizona State Retirement System now owns 20,371 shares of the company's stock worth $275,000 after buying an additional 1,449 shares during the last quarter. Quarry LP increased its stake in shares of Owens & Minor by 290.1% in the second quarter. Quarry LP now owns 2,099 shares of the company's stock worth $28,000 after buying an additional 1,561 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Owens & Minor by 11.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,364 shares of the company's stock valued at $207,000 after acquiring an additional 1,630 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Owens & Minor by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,366 shares of the company's stock valued at $491,000 after acquiring an additional 1,709 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Owens & Minor

In other news, CFO Jonathan A. Leon sold 5,282 shares of the company'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 value of $62,433.24. Following the completion of the sale, the chief financial officer now directly owns 130,822 shares of the company's stock, valued at approximately $1,546,316.04. This represents a 3.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.59% of the company's stock.

Analyst Ratings Changes

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

Owens & Minor Stock Performance

OMI stock traded down $0.31 during mid-day trading on Friday, reaching $13.94. The company had a trading volume of 305,282 shares, compared to its average volume of 805,480. Owens & Minor, Inc. has a one year low of $11.42 and a one year high of $28.35. The stock has a market capitalization of $1.07 billion, a P/E ratio of -21.45, a P/E/G ratio of 0.50 and a beta of 0.42. The company has a quick ratio of 0.45, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The stock's 50-day simple moving average is $13.33 and its two-hundred day simple moving average is $14.74.

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 for the quarter, beating the consensus estimate 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 the consensus estimate of $2.68 billion. During the same period last year, the firm posted $0.44 EPS. Owens & Minor's quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts anticipate that Owens & Minor, Inc. will post 1.49 EPS for the current 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.