Victory Capital Management Inc. Acquires 24,722 Shares of Owens & Minor, Inc. (NYSE:OMI)

Victory Capital Management Inc. grew its holdings in Owens & Minor, Inc. (NYSE:OMI) by 19.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 153,416 shares of the company’s stock after purchasing an additional 24,722 shares during the quarter. Victory Capital Management Inc. owned about 0.20% of Owens & Minor worth $2,407,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Deerfield Management Company L.P. Series C raised its position in shares of Owens & Minor by 30.6% during the second quarter. Deerfield Management Company L.P. Series C now owns 6,371,440 shares of the company’s stock worth $86,014,000 after acquiring an additional 1,493,852 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Owens & Minor by 16.5% in the second quarter. Renaissance Technologies LLC now owns 1,246,600 shares of the company’s stock valued at $16,829,000 after buying an additional 176,250 shares during the period. Vanguard Group Inc. boosted its stake in Owens & Minor by 1.9% in the first quarter. Vanguard Group Inc. now owns 8,749,866 shares of the company’s stock valued at $242,459,000 after acquiring an additional 162,182 shares during the last quarter. Dana Investment Advisors Inc. grew its holdings in Owens & Minor by 35.8% during the 2nd quarter. Dana Investment Advisors Inc. now owns 609,040 shares of the company’s stock worth $8,222,000 after acquiring an additional 160,682 shares during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of Owens & Minor by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company’s stock valued at $61,213,000 after acquiring an additional 76,599 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Owens & Minor Price Performance

NYSE:OMI opened at $12.35 on Monday. Owens & Minor, Inc. has a 52-week low of $11.42 and a 52-week high of $28.35. The company has a market cap of $952.30 million, a P/E ratio of -19.00, a P/E/G ratio of 0.42 and a beta of 0.41. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09. The stock’s 50-day simple moving average is $13.75 and its 200 day simple moving average is $15.16.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the previous year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts forecast that Owens & Minor, Inc. will post 1.49 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays lowered their target price on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. UBS Group lowered their price objective on shares of Owens & Minor from $28.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, November 5th. 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, November 5th. JPMorgan Chase & Co. lowered their price target on Owens & Minor from $22.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, August 21st. Finally, Robert W. Baird cut their price objective on Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Two investment 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $18.50.

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.