Barclays PLC Has $2.10 Million Holdings in Owens & Minor, Inc. (NYSE:OMI)

Barclays PLC increased its holdings in shares of Owens & Minor, Inc. (NYSE:OMI) by 354.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 133,702 shares of the company’s stock after buying an additional 104,305 shares during the period. Barclays PLC owned 0.17% of Owens & Minor worth $2,099,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Quarry LP lifted its stake in shares of Owens & Minor by 290.1% in the 2nd 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 period. Blue Trust Inc. lifted its stake in Owens & Minor by 176.8% in the third quarter. Blue Trust Inc. now owns 2,787 shares of the company’s stock valued at $44,000 after buying an additional 1,780 shares during the period. DekaBank Deutsche Girozentrale grew its position in shares of Owens & Minor by 76.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock worth $43,000 after buying an additional 1,356 shares during the period. Innealta Capital LLC bought a new stake in shares of Owens & Minor in the 2nd quarter valued at about $43,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Owens & Minor by 100.6% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,071 shares of the company’s stock valued at $82,000 after acquiring an additional 3,044 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Owens & Minor

In related news, CFO Jonathan A. Leon sold 5,282 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.82, for a total transaction of $62,433.24. Following the completion of the transaction, the chief financial officer now directly owns 130,822 shares of the company’s stock, valued at approximately $1,546,316.04. This represents a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.62% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on OMI. Robert W. Baird decreased their price objective on shares of Owens & Minor from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. Barclays lowered their price objective on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, November 5th. UBS Group dropped their price objective on Owens & Minor from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. Finally, Citigroup decreased their target price on Owens & Minor from $21.00 to $18.50 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Two equities 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Owens & Minor Stock Performance

OMI opened at $12.97 on Friday. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of -19.95, a P/E/G ratio of 0.48 and a beta of 0.42. The business’s 50-day moving average price is $13.17 and its two-hundred day moving average price is $14.45. Owens & Minor, Inc. has a 1 year low of $11.42 and a 1 year high of $28.35.

Owens & Minor (NYSE:OMI) last released its earnings results on Monday, November 4th. The company reported $0.42 EPS for the quarter, beating the consensus estimate 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 14.60% and a negative net margin of 0.46%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. Equities analysts expect that Owens & Minor, Inc. will post 1.49 EPS for the current fiscal year.

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.