South Dakota Investment Council Sells 17,200 Shares of Owens & Minor, Inc. (NYSE:OMI)

South Dakota Investment Council cut its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 68.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,100 shares of the company’s stock after selling 17,200 shares during the quarter. South Dakota Investment Council’s holdings in Owens & Minor were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in the stock. Commonwealth Bank of Australia grew its holdings in shares of Owens & Minor by 132.0% during the 2nd quarter. Commonwealth Bank of Australia now owns 138,300 shares of the company’s stock valued at $442,000 after purchasing an additional 78,700 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Owens & Minor by 1.4% during the 2nd quarter. Northern Trust Corp now owns 779,106 shares of the company’s stock valued at $2,493,000 after purchasing an additional 10,791 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Owens & Minor by 123.1% during the 2nd quarter. Renaissance Technologies LLC now owns 826,550 shares of the company’s stock valued at $2,645,000 after purchasing an additional 456,100 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Owens & Minor by 11.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,227,828 shares of the company’s stock valued at $3,929,000 after purchasing an additional 130,765 shares during the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Owens & Minor by 66.9% during the 2nd quarter. Bank of Montreal Can now owns 8,066 shares of the company’s stock valued at $26,000 after purchasing an additional 3,233 shares during the last quarter. 87.68% of the stock is currently owned by institutional investors.

OMI traded down $0.94 during trading on Friday, reaching $6.16. 147,771 shares of the company’s stock were exchanged, compared to its average volume of 1,504,639. Owens & Minor, Inc. has a one year low of $2.43 and a one year high of $18.40. The company has a current ratio of 1.68, a quick ratio of 0.84 and a debt-to-equity ratio of 3.60. The stock has a market capitalization of $513.74 million, a PE ratio of 5.30, a price-to-earnings-growth ratio of 3.64 and a beta of 1.40. The firm has a fifty day moving average price of $4.62 and a two-hundred day moving average price of $3.95.

Owens & Minor (NYSE:OMI) last posted its earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.03. Owens & Minor had a negative net margin of 2.88% and a positive return on equity of 5.53%. The firm had revenue of $2.48 billion for the quarter, compared to analyst estimates of $2.44 billion. During the same period in the previous year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 1.1% compared to the same quarter last year. Sell-side analysts expect that Owens & Minor, Inc. will post 0.64 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a dividend of $0.002 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date is Friday, September 13th. Owens & Minor’s payout ratio is 0.87%.

Several equities research analysts recently issued reports on OMI shares. Zacks Investment Research lowered shares of Owens & Minor from a “buy” rating to a “hold” rating in a report on Saturday, August 10th. Bank of America lifted their price target on shares of Owens & Minor from $4.00 to $7.50 and gave the company a “neutral” rating in a report on Friday, September 6th. Finally, ValuEngine raised shares of Owens & Minor from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $6.63.

Owens & Minor Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.

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Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

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