Linden Thomas Advisory Services LLC Has $344,000 Stock Position in Owens & Minor, Inc. (NYSE:OMI)

Linden Thomas Advisory Services LLC raised its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,302 shares of the company’s stock after purchasing an additional 3,688 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Owens & Minor were worth $344,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Quarry LP raised its position in Owens & Minor by 290.1% during the second quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $28,000 after purchasing an additional 1,561 shares in the last quarter. Blue Trust Inc. raised its position in Owens & Minor by 176.8% during the third quarter. Blue Trust Inc. now owns 2,787 shares of the company’s stock valued at $44,000 after purchasing an additional 1,780 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Owens & Minor during the second quarter valued at approximately $82,000. Meeder Asset Management Inc. raised its position in Owens & Minor by 844.1% during the third quarter. Meeder Asset Management Inc. now owns 9,016 shares of the company’s stock valued at $141,000 after purchasing an additional 8,061 shares in the last quarter. Finally, Marshall Wace LLP raised its position in Owens & Minor by 38.4% during the second quarter. Marshall Wace LLP now owns 11,100 shares of the company’s stock valued at $150,000 after purchasing an additional 3,077 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OMI has been the subject of several research analyst reports. UBS Group lowered their price objective on shares of Owens & Minor from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Robert W. Baird decreased their target price on shares of Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Barclays decreased their target price on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. Finally, Citigroup decreased their target price on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $18.50.

Owens & Minor Stock Performance

Shares of Owens & Minor stock opened at $14.97 on Monday. The company has a quick ratio of 0.45, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. Owens & Minor, Inc. has a twelve month low of $11.42 and a twelve month high of $28.35. The stock has a market cap of $1.15 billion, a price-to-earnings ratio of -23.03, a P/E/G ratio of 0.42 and a beta of 0.46. The company’s fifty day moving average is $13.61 and its 200 day moving average is $14.30.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The company had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.68 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Owens & Minor’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts forecast that Owens & Minor, Inc. will post 1.49 EPS for the current year.

Insider Buying and Selling

In related news, CFO Jonathan A. Leon sold 5,282 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $11.82, for a total value of $62,433.24. Following the transaction, the chief financial officer now owns 130,822 shares in the company, valued at $1,546,316.04. The trade was a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.59% of the stock is currently owned by insiders.

Owens & Minor 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.