Teachers Retirement System of The State of Kentucky Decreases Position in Owens & Minor, Inc. (NYSE:OMI)

Teachers Retirement System of The State of Kentucky reduced its stake in Owens & Minor, Inc. (NYSE:OMI) by 20.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,281 shares of the company’s stock after selling 14,643 shares during the period. Teachers Retirement System of The State of Kentucky owned 0.07% of Owens & Minor worth $1,104,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in OMI. Rhumbline Advisers grew its position in shares of Owens & Minor by 0.3% in the 3rd quarter. Rhumbline Advisers now owns 247,846 shares of the company’s stock valued at $4,005,000 after buying an additional 660 shares during the last quarter. Quarry LP grew its holdings in shares of Owens & Minor by 38.8% during the fourth quarter. Quarry LP now owns 2,573 shares of the company’s stock worth $50,000 after purchasing an additional 719 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of Owens & Minor during the third quarter worth about $29,000. Quest Partners LLC purchased a new stake in shares of Owens & Minor in the 4th quarter valued at about $41,000. Finally, Jump Financial LLC lifted its holdings in shares of Owens & Minor by 2.8% in the 4th quarter. Jump Financial LLC now owns 98,214 shares of the company’s stock valued at $1,893,000 after purchasing an additional 2,706 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Owens & Minor Price Performance

Shares of OMI opened at $16.97 on Monday. The firm has a market capitalization of $1.30 billion, a PE ratio of -33.27, a P/E/G ratio of 0.55 and a beta of 0.33. The stock’s 50 day moving average is $19.69 and its two-hundred day moving average is $21.48. Owens & Minor, Inc. has a twelve month low of $13.64 and a twelve month high of $28.35. The company has a current ratio of 1.16, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Owens & Minor had a positive return on equity of 12.97% and a negative net margin of 0.37%. The firm had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.05 earnings per share. Research analysts anticipate that Owens & Minor, Inc. will post 1.53 earnings per share for the current year.

Analysts Set New Price Targets

OMI has been the subject of a number of research reports. SVB Leerink assumed coverage on Owens & Minor in a research note on Monday, February 26th. They issued a “market perform” rating and a $24.00 price objective for the company. Citigroup upped their target price on shares of Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. TheStreet upgraded shares of Owens & Minor from a “d+” rating to a “c-” rating in a research note on Monday, March 4th. Robert W. Baird dropped their price target on Owens & Minor from $28.00 to $24.00 and set a “neutral” rating on the stock in a research report on Monday, May 6th. Finally, Leerink Partnrs reaffirmed a “market perform” rating on shares of Owens & Minor in a research report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Owens & Minor currently has a consensus rating of “Hold” and a consensus price target of $23.29.

Insider Activity at Owens & Minor

In other Owens & Minor news, EVP Heath H. Galloway sold 2,031 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $20.18, for a total transaction of $40,985.58. Following the transaction, the executive vice president now directly owns 56,898 shares in the company, valued at $1,148,201.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Heath H. Galloway sold 2,031 shares of Owens & Minor stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $20.18, for a total transaction of $40,985.58. Following the completion of the transaction, the executive vice president now directly owns 56,898 shares of the company’s stock, valued at $1,148,201.64. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Jonathan A. Leon sold 5,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total value of $124,200.00. Following the sale, the senior vice president now owns 84,673 shares in the company, valued at $2,103,277.32. The disclosure for this sale can be found here. Insiders sold 36,923 shares of company stock worth $686,911 over the last 90 days. Company insiders own 3.59% of the company’s stock.

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.