Owens & Minor, Inc. (NYSE:OMI) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its position in Owens & Minor, Inc. (NYSE:OMI) by 6.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,449,164 shares of the company’s stock after selling 99,266 shares during the quarter. Janus Henderson Group PLC’s holdings in Owens & Minor were worth $18,941,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in OMI. Sterling Capital Management LLC increased its position in shares of Owens & Minor by 758.3% in the 4th quarter. Sterling Capital Management LLC now owns 2,060 shares of the company’s stock worth $27,000 after purchasing an additional 1,820 shares during the last quarter. Blue Trust Inc. grew its position in Owens & Minor by 57.4% in the 4th 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 last quarter. KBC Group NV lifted its stake in shares of Owens & Minor by 98.2% in the 4th quarter. KBC Group NV now owns 4,434 shares of the company’s stock worth $58,000 after acquiring an additional 2,197 shares during the period. Cetera Investment Advisers acquired a new stake in Owens & Minor during the fourth quarter valued at approximately $140,000. Finally, Guggenheim Capital LLC acquired a new stake in Owens & Minor during the fourth quarter valued at approximately $166,000. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on OMI. Citigroup cut their price target on shares of Owens & Minor from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. UBS Group dropped their price objective on shares of Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on shares of Owens & Minor from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Monday, March 10th. Finally, Robert W. Baird increased their price target on shares of Owens & Minor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $12.50.

Owens & Minor Trading Up 1.3%

Owens & Minor stock opened at $7.09 on Friday. The business has a 50 day moving average price of $7.91 and a two-hundred day moving average price of $10.63. 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 has a market cap of $547.74 million, a price-to-earnings ratio of -10.91, a price-to-earnings-growth ratio of 0.20 and a beta of 1.38. Owens & Minor, Inc. has a 12 month low of $6.07 and a 12 month high of $20.35.

Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Saturday, May 10th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.03. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. During the same quarter last year, the company earned $0.19 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis. As a group, equities analysts forecast that Owens & Minor, Inc. will post 1.51 EPS for the current year.

Owens & Minor announced that its board has approved a share buyback program on Friday, February 28th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 13.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity at Owens & Minor

In other Owens & Minor news, major shareholder Coliseum Capital Management, L purchased 225,000 shares of the company’s stock in a transaction dated Wednesday, April 9th. The shares were bought at an average price of $7.39 per share, with a total value of $1,662,750.00. Following the completion of the transaction, the insider now directly owns 11,482,955 shares in the company, valued at $84,859,037.45. This trade represents a 2.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have bought a total of 2,718,412 shares of company stock worth $24,495,308 over the last 90 days. Insiders own 3.69% of the company’s stock.

About Owens & Minor

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.