LHM Inc. Has $1.93 Million Position in Owens & Minor, Inc. (NYSE:OMI)

LHM Inc. grew its holdings in Owens & Minor, Inc. (NYSE:OMI) by 50.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 142,890 shares of the company’s stock after purchasing an additional 48,055 shares during the quarter. Owens & Minor comprises 0.8% of LHM Inc.’s portfolio, making the stock its 17th biggest holding. LHM Inc. owned approximately 0.19% of Owens & Minor worth $1,929,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Riverview Trust Co acquired a new stake in Owens & Minor during the first quarter worth about $25,000. Hexagon Capital Partners LLC grew its position in Owens & Minor by 1,240.2% during the first quarter. Hexagon Capital Partners LLC now owns 1,568 shares of the company’s stock worth $43,000 after buying an additional 1,451 shares in the last quarter. GAMMA Investing LLC grew its position in 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 buying an additional 563 shares in the last quarter. Quarry LP grew its position in Owens & Minor by 290.1% during the second quarter. Quarry LP now owns 2,099 shares of the company’s stock worth $28,000 after buying an additional 1,561 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in Owens & Minor by 43,142.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,027 shares of the company’s stock worth $84,000 after buying an additional 3,020 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

OMI has been the topic of a number of recent research reports. 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. Robert W. Baird cut their target price on shares of 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 shares of Owens & Minor from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $24.00 to $19.00 in a research report on Friday, July 19th. StockNews.com cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Owens & Minor from $22.00 to $18.00 and set an “underweight” rating for the company in a research report on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s 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 Price Performance

OMI opened at $15.69 on Tuesday. The company has a fifty day moving average price of $15.59 and a two-hundred day moving average price of $18.40. 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, Inc. has a 52 week low of $12.36 and a 52 week high of $28.35. The firm has a market capitalization of $1.20 billion, a PE ratio of -30.76, a P/E/G ratio of 0.49 and a beta of 0.39.

Owens & Minor (NYSE:OMI) last released its earnings results on Friday, August 2nd. The company reported $0.36 EPS 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 during the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the previous year, the business earned $0.18 EPS. The business’s quarterly revenue was up 4.2% compared to the same quarter last year. As a group, analysts anticipate that Owens & Minor, Inc. will post 1.57 earnings per share for the current year.

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.