Linden Thomas Advisory Services LLC Grows Holdings in Owens & Minor, Inc. (NYSE:OMI)

Linden Thomas Advisory Services LLC lifted its holdings in Owens & Minor, Inc. (NYSE:OMI) by 26.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,905 shares of the company’s stock after buying an additional 2,944 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Owens & Minor were worth $268,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Invesco Ltd. grew its stake in Owens & Minor by 12.0% in the 3rd quarter. Invesco Ltd. now owns 1,081,460 shares of the company’s stock valued at $17,476,000 after purchasing an additional 115,995 shares during the period. First Eagle Investment Management LLC purchased a new stake in Owens & Minor during the third quarter worth about $2,795,000. Gotham Asset Management LLC raised its position in Owens & Minor by 106.4% in the third quarter. Gotham Asset Management LLC now owns 33,578 shares of the company’s stock worth $543,000 after acquiring an additional 17,310 shares during the period. Qube Research & Technologies Ltd boosted its stake in Owens & Minor by 95.1% in the third quarter. Qube Research & Technologies Ltd now owns 200,739 shares of the company’s stock valued at $3,244,000 after acquiring an additional 97,847 shares during the last quarter. Finally, Gabelli Funds LLC bought a new position in shares of Owens & Minor during the 3rd quarter valued at approximately $1,899,000. 98.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Owens & Minor news, SVP Michael Wayne Lowry sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the senior vice president now owns 71,654 shares of the company’s stock, valued at approximately $1,791,350. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, SVP Michael Wayne Lowry sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following 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 can be accessed through the SEC website. Also, SVP Jonathan A. Leon sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the completion of the sale, the senior vice president now directly owns 84,673 shares in the company, valued at $2,103,277.32. The disclosure for this sale can be found here. 3.59% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

OMI has been the topic of several research analyst reports. Robert W. Baird upped their price objective on Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. StockNews.com upgraded Owens & Minor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. TheStreet upgraded Owens & Minor from a “d+” rating to a “c-” rating in a research note on Monday, March 4th. Citigroup upped their price objective on shares of Owens & Minor from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Wednesday, February 21st. Finally, Leerink Partnrs reiterated a “market perform” rating on shares of Owens & Minor in a research note on Monday, February 26th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Owens & Minor currently has an average rating of “Hold” and an average target price of $23.29.

Owens & Minor Stock Up 4.1 %

OMI stock opened at $25.10 on Friday. The firm has a 50 day moving average of $25.24 and a 200-day moving average of $21.12. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.52 and a current ratio of 1.11. Owens & Minor, Inc. has a 12 month low of $13.34 and a 12 month high of $28.35.

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