Louisiana State Employees Retirement System Has $560,000 Stake in Owens & Minor, Inc. (NYSE:OMI)

Louisiana State Employees Retirement System decreased its holdings in shares of Owens & Minor, Inc. (NYSE:OMI) by 3.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 35,700 shares of the company’s stock after selling 1,200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Owens & Minor were worth $560,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in OMI. Allspring Global Investments Holdings LLC increased its stake in shares of Owens & Minor by 43,142.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,027 shares of the company’s stock valued at $84,000 after buying an additional 3,020 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Owens & Minor by 118.2% in the first quarter. BNP Paribas Financial Markets now owns 47,587 shares of the company’s stock valued at $1,319,000 after buying an additional 25,779 shares during the period. Janney Montgomery Scott LLC acquired a new position in shares of Owens & Minor in the first quarter valued at approximately $358,000. Texas Permanent School Fund Corp increased its stake in shares of Owens & Minor by 1.8% in the first quarter. Texas Permanent School Fund Corp now owns 66,953 shares of the company’s stock valued at $1,855,000 after buying an additional 1,156 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of Owens & Minor by 8.2% in the first quarter. Empowered Funds LLC now owns 297,574 shares of the company’s stock valued at $8,246,000 after buying an additional 22,509 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Barclays lowered their price objective on Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday. Robert W. Baird lowered their price objective on Owens & Minor from $19.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday. JPMorgan Chase & Co. reduced their target price on Owens & Minor from $22.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, August 21st. Citigroup reduced their target price on Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a report on Tuesday. Finally, UBS Group reduced their target price on Owens & Minor from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Owens & Minor currently has a consensus rating of “Hold” and an average target price of $18.50.

Owens & Minor Price Performance

Owens & Minor stock opened at $11.78 on Wednesday. The stock has a market capitalization of $908.24 million, a price-to-earnings ratio of -21.04, a PEG ratio of 0.43 and a beta of 0.41. Owens & Minor, Inc. has a 52-week low of $11.42 and a 52-week high of $28.35. The stock’s 50 day moving average price is $14.54 and its two-hundred day moving average price is $16.19. 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 Monday, November 4th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.68 billion. Owens & Minor had a positive return on equity of 14.66% and a negative net margin of 0.40%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 EPS. On average, equities analysts predict 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.