Owens & Minor, Inc. (NYSE:OMI) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 16.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,246,600 shares of the company’s stock after acquiring an additional 176,250 shares during the period. Renaissance Technologies LLC owned about 1.63% of Owens & Minor worth $16,829,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of OMI. Charles Schwab Investment Management Inc. grew its stake in shares of Owens & Minor by 4.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 825,142 shares of the company’s stock worth $15,900,000 after purchasing an additional 38,393 shares during the period. Teacher Retirement System of Texas boosted its holdings in Owens & Minor by 73.9% during the fourth quarter. Teacher Retirement System of Texas now owns 23,422 shares of the company’s stock worth $451,000 after buying an additional 9,950 shares in the last quarter. Norges Bank acquired a new stake in Owens & Minor during the fourth quarter valued at $9,160,000. Quest Partners LLC purchased a new position in Owens & Minor in the fourth quarter valued at $41,000. Finally, Franklin Resources Inc. raised its position in shares of Owens & Minor by 21.7% in the fourth quarter. Franklin Resources Inc. now owns 51,096 shares of the company’s stock worth $985,000 after acquiring an additional 9,121 shares during the period. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Owens & Minor Trading Down 1.0 %

Shares of OMI stock opened at $15.88 on Friday. Owens & Minor, Inc. has a fifty-two week low of $12.36 and a fifty-two week high of $28.35. The firm has a market capitalization of $1.21 billion, a P/E ratio of -31.14, a PEG ratio of 0.47 and a beta of 0.39. The stock’s fifty day moving average is $15.51 and its two-hundred day moving average is $18.86. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.51 and a current ratio of 1.09.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Friday, August 2nd. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Owens & Minor had a negative net margin of 0.40% and a positive return on equity of 14.66%. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same period in the previous year, the business posted $0.18 earnings per share. Owens & Minor’s quarterly revenue was up 4.2% on a year-over-year basis. Research analysts expect that Owens & Minor, Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Robert W. Baird cut their price target on Owens & Minor from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, July 16th. Citigroup upgraded Owens & Minor from a “neutral” rating to a “buy” rating and cut their price objective for the company from $24.00 to $19.00 in a research report on Friday, July 19th. Bank of America decreased their target price on Owens & Minor from $18.00 to $16.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. StockNews.com lowered shares of Owens & Minor from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Finally, Barclays reduced their price objective on shares of Owens & Minor from $23.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $20.00.

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.