Owens & Minor, Inc. (NYSE:OMI) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in Owens & Minor, Inc. (NYSE:OMI) by 50.2% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,390 shares of the company’s stock after selling 1,400 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Owens & Minor were worth $27,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. FMR LLC increased its holdings in Owens & Minor by 10.6% in the 3rd quarter. FMR LLC now owns 11,479,209 shares of the company’s stock worth $185,504,000 after acquiring an additional 1,103,275 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Owens & Minor by 0.3% in the third quarter. Vanguard Group Inc. now owns 8,592,904 shares of the company’s stock valued at $138,861,000 after purchasing an additional 25,891 shares during the period. Deerfield Management Company L.P. Series C increased its stake in shares of Owens & Minor by 35.6% during the third quarter. Deerfield Management Company L.P. Series C now owns 6,435,000 shares of the company’s stock worth $103,990,000 after purchasing an additional 1,690,000 shares in the last quarter. Invesco Ltd. raised its position in shares of Owens & Minor by 12.0% during the 3rd quarter. Invesco Ltd. now owns 1,081,460 shares of the company’s stock worth $17,476,000 after purchasing an additional 115,995 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Owens & Minor by 8.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 786,749 shares of the company’s stock valued at $12,714,000 after buying an additional 59,128 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Owens & Minor Stock Performance

NYSE OMI opened at $24.23 on Tuesday. The stock has a fifty day simple moving average of $24.96 and a 200-day simple moving average of $20.93. The company has a current ratio of 1.11, a quick ratio of 0.52 and a debt-to-equity ratio of 2.05. The stock has a market cap of $1.86 billion, a PE ratio of -44.87, a P/E/G ratio of 0.78 and a beta of 0.43. Owens & Minor, Inc. has a twelve month low of $13.34 and a twelve month high of $28.35.

Owens & Minor (NYSE:OMI) last announced its earnings results on Tuesday, February 20th. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. The company had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.67 billion. Owens & Minor had a negative net margin of 0.40% and a positive return on equity of 11.62%. Owens & Minor’s revenue was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.28 earnings per share. Equities analysts anticipate that Owens & Minor, Inc. will post 1.54 earnings per share for the current year.

Insider Activity at Owens & Minor

In other news, SVP Michael Wayne Lowry sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the transaction, the senior vice president now directly owns 71,654 shares in the company, valued at $1,791,350. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. SVB Leerink began coverage on Owens & Minor in a report on Monday, February 26th. They set a “market perform” rating and a $24.00 target price for the company. UBS Group reduced their price objective on Owens & Minor from $28.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, January 29th. Robert W. Baird raised their target price on shares of Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 10th. TheStreet upgraded Owens & Minor from a “d+” rating to a “c-” rating in a research report on Monday, March 4th. Finally, Leerink Partnrs reaffirmed a “market perform” rating on shares of Owens & Minor in a research note on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $23.29.

About Owens & Minor

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.