KCG Holdings Inc. boosted its position in Owens & Minor, Inc. (NYSE:OMI) by 15.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,319 shares of the company’s stock after buying an additional 1,930 shares during the period. KCG Holdings Inc.’s holdings in Owens & Minor were worth $495,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its stake in Owens & Minor by 0.3% in the first quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the company’s stock worth $251,000 after buying an additional 20 shares during the period. Alpha Windward LLC boosted its stake in Owens & Minor by 0.4% in the first quarter. Alpha Windward LLC now owns 13,800 shares of the company’s stock worth $477,000 after buying an additional 60 shares during the period. Mason Street Advisors LLC boosted its stake in Owens & Minor by 0.4% in the first quarter. Mason Street Advisors LLC now owns 28,835 shares of the company’s stock worth $998,000 after buying an additional 128 shares during the period. Advantus Capital Management Inc boosted its stake in Owens & Minor by 2.2% in the first quarter. Advantus Capital Management Inc now owns 7,815 shares of the company’s stock worth $270,000 after buying an additional 171 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in Owens & Minor by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 15,400 shares of the company’s stock worth $533,000 after buying an additional 200 shares during the period. Institutional investors and hedge funds own 98.30% of the company’s stock.
Shares of Owens & Minor, Inc. (NYSE OMI) opened at 31.79 on Wednesday. The firm has a market cap of $1.95 billion, a PE ratio of 18.90 and a beta of 1.01. Owens & Minor, Inc. has a 52-week low of $30.43 and a 52-week high of $38.28. The stock’s 50 day moving average price is $32.07 and its 200-day moving average price is $34.37.
Owens & Minor (NYSE:OMI) last issued its quarterly earnings results on Tuesday, May 2nd. The company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.42 by $0.01. Owens & Minor had a return on equity of 12.28% and a net margin of 1.08%. The company had revenue of $2.33 billion for the quarter. On average, equities research analysts anticipate that Owens & Minor, Inc. will post $1.78 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 15th were given a dividend of $0.2575 per share. The ex-dividend date was Tuesday, June 13th. This represents a $1.03 annualized dividend and a dividend yield of 3.24%. Owens & Minor’s payout ratio is 60.95%.
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A number of research firms have recently commented on OMI. BidaskClub upgraded Owens & Minor from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Jefferies Group LLC reiterated a “hold” rating and set a $36.00 target price on shares of Owens & Minor in a research report on Friday, April 21st. Zacks Investment Research upgraded Owens & Minor from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Finally, TheStreet cut Owens & Minor from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. Two analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $34.00.
In other news, Director Craig R. Smith sold 20,000 shares of the stock in a transaction dated Monday, April 17th. The shares were sold at an average price of $33.79, for a total transaction of $675,800.00. Following the transaction, the director now owns 25,753 shares of the company’s stock, valued at $870,193.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael Wayne Lowry sold 1,300 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $32.19, for a total transaction of $41,847.00. Following the transaction, the insider now directly owns 10,498 shares in the company, valued at approximately $337,930.62. The disclosure for this sale can be found here. Insiders have sold 32,848 shares of company stock worth $1,089,762 in the last ninety days. Corporate insiders own 1.68% of the company’s stock.
Owens & Minor Company Profile
Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).
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