Dimensional Fund Advisors LP Has $61.21 Million Stock Position in Owens & Minor, Inc. (NYSE:OMI)

Dimensional Fund Advisors LP increased its holdings in shares of Owens & Minor, Inc. (NYSE:OMI) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,534,204 shares of the company’s stock after acquiring an additional 76,599 shares during the period. Dimensional Fund Advisors LP owned about 5.93% of Owens & Minor worth $61,213,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. GAMMA Investing LLC raised its position in shares of Owens & Minor by 52.1% during the first quarter. GAMMA Investing LLC now owns 1,644 shares of the company’s stock worth $46,000 after acquiring an additional 563 shares during the last quarter. Quarry LP lifted its holdings in Owens & Minor by 38.8% in the fourth quarter. Quarry LP now owns 2,573 shares of the company’s stock valued at $50,000 after buying an additional 719 shares during the period. Riverview Trust Co bought a new position in Owens & Minor in the first quarter valued at approximately $25,000. ProShare Advisors LLC grew its holdings in Owens & Minor by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 15,021 shares of the company’s stock worth $416,000 after acquiring an additional 1,029 shares during the period. Finally, Texas Permanent School Fund Corp raised its position in shares of Owens & Minor by 1.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 66,953 shares of the company’s stock valued at $1,855,000 after acquiring an additional 1,156 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Owens & Minor Trading Up 2.9 %

Shares of Owens & Minor stock opened at $16.18 on Friday. Owens & Minor, Inc. has a 1 year low of $12.36 and a 1 year high of $28.35. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -31.73, a P/E/G ratio of 0.49 and a beta of 0.39. The business has a fifty day simple moving average of $15.58 and a two-hundred day simple moving average of $18.55. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.09 and a quick ratio of 0.51.

Owens & Minor (NYSE:OMI) last announced its earnings results on Friday, August 2nd. The company reported $0.36 EPS for the quarter, topping the consensus estimate 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 business had revenue of $2.67 billion during the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. Owens & Minor’s revenue was up 4.2% compared to the same quarter last year. Research analysts forecast that Owens & Minor, Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Citigroup raised Owens & Minor from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $24.00 to $19.00 in a research note on Friday, July 19th. JPMorgan Chase & Co. lowered their price objective on shares of Owens & Minor from $22.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, August 21st. Barclays decreased their target price 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. Bank of America lowered their price target 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. Finally, Robert W. Baird lowered their target price on shares of Owens & Minor from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, July 16th. Two equities 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.00.

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.