Brown Advisory Inc. Buys 117,559 Shares of Owens & Minor, Inc. (NYSE:OMI)

Brown Advisory Inc. raised its stake in shares of Owens & Minor, Inc. (NYSE:OMIGet Rating) by 8.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,548,438 shares of the company’s stock after acquiring an additional 117,559 shares during the quarter. Brown Advisory Inc. owned approximately 2.02% of Owens & Minor worth $68,141,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of OMI. Yousif Capital Management LLC bought a new stake in Owens & Minor during the 4th quarter valued at $2,877,000. CWM LLC acquired a new stake in shares of Owens & Minor in the 4th quarter worth $31,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Owens & Minor by 42.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company’s stock worth $427,000 after purchasing an additional 2,927 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Owens & Minor by 6.7% in the 4th quarter. New York State Common Retirement Fund now owns 70,156 shares of the company’s stock worth $3,052,000 after purchasing an additional 4,395 shares in the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in shares of Owens & Minor by 2.5% in the 4th quarter. Mutual of America Capital Management LLC now owns 10,309 shares of the company’s stock worth $448,000 after purchasing an additional 247 shares in the last quarter. Institutional investors own 95.69% of the company’s stock.

Owens & Minor Stock Performance

Shares of OMI opened at $32.71 on Friday. The stock has a 50-day moving average of $32.97 and a two-hundred day moving average of $38.02. Owens & Minor, Inc. has a one year low of $29.50 and a one year high of $49.11. The company has a debt-to-equity ratio of 2.68, a quick ratio of 0.67 and a current ratio of 1.55. The stock has a market cap of $2.49 billion, a P/E ratio of 16.19, a P/E/G ratio of 1.32 and a beta of 0.55.

Owens & Minor (NYSE:OMIGet Rating) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.76 EPS for the quarter, hitting analysts’ consensus estimates of $0.76. Owens & Minor had a return on equity of 26.66% and a net margin of 1.56%. The company had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.53 billion. During the same quarter in the previous year, the firm posted $1.06 EPS. The firm’s revenue was up .4% compared to the same quarter last year. As a group, research analysts predict that Owens & Minor, Inc. will post 3.19 EPS for the current year.

Insiders Place Their Bets

In other Owens & Minor news, Director Gwendolyn M. Bingham sold 7,600 shares of Owens & Minor stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $35.32, for a total transaction of $268,432.00. Following the completion of the transaction, the director now owns 22,184 shares in the company, valued at approximately $783,538.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Owens & Minor news, Director Gwendolyn M. Bingham sold 7,600 shares of Owens & Minor stock in a transaction dated Thursday, May 12th. The stock was sold at an average price of $35.32, for a total transaction of $268,432.00. Following the completion of the transaction, the director now owns 22,184 shares in the company, valued at approximately $783,538.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Robert J. Henkel acquired 1,000 shares of Owens & Minor stock in a transaction on Friday, July 15th. The shares were bought at an average price of $31.76 per share, with a total value of $31,760.00. Following the purchase, the director now directly owns 27,000 shares in the company, valued at approximately $857,520. The disclosure for this purchase can be found here. 4.09% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on OMI shares. StockNews.com cut Owens & Minor from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Robert W. Baird lowered their price objective on Owens & Minor from $70.00 to $62.00 and set an “outperform” rating for the company in a research report on Thursday. Citigroup lowered their price objective on Owens & Minor from $58.00 to $52.00 in a research report on Thursday. Finally, Credit Suisse Group lowered their price objective on Owens & Minor from $43.00 to $37.00 and set a “neutral” rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Owens & Minor currently has an average rating of “Hold” and a consensus target price of $50.33.

About Owens & Minor

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Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.

See Also

Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

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