Victory Capital Management Inc. Has $1.52 Million Stock Position in Owens & Minor, Inc. (NYSE:OMI)

Victory Capital Management Inc. decreased its holdings in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) by 24.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,183 shares of the company's stock after selling 37,233 shares during the period. Victory Capital Management Inc. owned about 0.15% of Owens & Minor worth $1,519,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. lifted its stake in Owens & Minor by 13.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,305,043 shares of the company's stock worth $30,127,000 after purchasing an additional 276,807 shares during the period. Bank of New York Mellon Corp lifted its stake in Owens & Minor by 6.0% during the fourth quarter. Bank of New York Mellon Corp now owns 622,921 shares of the company's stock worth $8,142,000 after purchasing an additional 35,105 shares during the period. Principal Financial Group Inc. lifted its stake in Owens & Minor by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 358,907 shares of the company's stock worth $4,691,000 after purchasing an additional 10,152 shares during the period. Blue Trust Inc. lifted its stake in Owens & Minor by 57.4% during the fourth quarter. Blue Trust Inc. now owns 4,387 shares of the company's stock worth $57,000 after purchasing an additional 1,600 shares during the period. Finally, Empowered Funds LLC raised its stake in shares of Owens & Minor by 5.1% in the fourth quarter. Empowered Funds LLC now owns 355,021 shares of the company's stock valued at $4,640,000 after acquiring an additional 17,255 shares during the last quarter. Institutional investors own 98.04% of the company's stock.

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Owens & Minor Price Performance

Shares of Owens & Minor stock traded down $0.53 during midday trading on Friday, reaching $9.02. The company had a trading volume of 3,531,606 shares, compared to its average volume of 965,399. 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 $696.38 million, a price-to-earnings ratio of -13.87, a price-to-earnings-growth ratio of 0.20 and a beta of 0.61. The stock has a fifty day simple moving average of $10.42 and a 200 day simple moving average of $12.61. Owens & Minor, Inc. has a 1-year low of $6.07 and a 1-year high of $28.35.

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

Owens & Minor announced that its board has approved a share repurchase program on Friday, February 28th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 13.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.

Insiders Place Their Bets

In other Owens & Minor news, major shareholder Coliseum Capital Management, L bought 354,901 shares of the stock in a transaction on Monday, March 3rd. The stock was purchased at an average price of $9.19 per share, with a total value of $3,261,540.19. Following the acquisition, the insider now owns 9,824,599 shares of the company's stock, valued at approximately $90,288,064.81. The trade was a 3.75 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.59% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on OMI shares. JPMorgan Chase & Co. cut their target price on shares of Owens & Minor from $14.00 to $10.00 and set an "underweight" rating for the company in a research note on Monday, March 10th. UBS Group cut 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. Finally, Robert W. Baird lifted 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. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $13.75.

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.