Mutual of America Capital Management LLC Reduces Position in Owens & Minor, Inc. (NYSE:OMI)

Mutual of America Capital Management LLC cut its holdings in shares of Owens & Minor, Inc. (NYSE:OMI) by 7.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,115 shares of the company’s stock after selling 933 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Owens & Minor were worth $174,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in OMI. Quarry LP lifted its holdings in Owens & Minor by 290.1% during the second quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $28,000 after purchasing an additional 1,561 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of Owens & Minor by 76.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock worth $43,000 after buying an additional 1,356 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Owens & Minor in the second quarter worth about $43,000. Blue Trust Inc. lifted its holdings in shares of Owens & Minor by 176.8% in the third quarter. Blue Trust Inc. now owns 2,787 shares of the company’s stock worth $44,000 after buying an additional 1,780 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Owens & Minor by 100.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 6,071 shares of the company’s stock worth $82,000 after buying an additional 3,044 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Owens & Minor Trading Up 1.7 %

OMI stock opened at $13.54 on Friday. The company has a market capitalization of $1.04 billion, a PE ratio of -20.83, a price-to-earnings-growth ratio of 0.46 and a beta of 0.41. Owens & Minor, Inc. has a one year low of $11.42 and a one year high of $28.35. The company’s 50 day moving average price is $13.55 and its two-hundred day moving average price is $15.07. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 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 EPS for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.68 billion. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. As a group, analysts predict that Owens & Minor, Inc. will post 1.49 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Jonathan A. Leon sold 5,282 shares of Owens & Minor stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $11.82, for a total value of $62,433.24. Following the transaction, the chief financial officer now directly owns 130,822 shares of the company’s stock, valued at $1,546,316.04. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.59% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Robert W. Baird lowered their price target on shares of Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price target 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. StockNews.com cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Citigroup dropped their target price on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Finally, UBS Group dropped their target price 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. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Owens & Minor presently has an average rating of “Hold” and an average target price of $18.50.

About Owens & Minor

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.