UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,395 Shares of Owens & Minor, Inc. (NYSE:OMI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Owens & Minor, Inc. (NYSE:OMI) by 3.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 169,577 shares of the company’s stock after selling 5,395 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.22% of Owens & Minor worth $2,661,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the business. DekaBank Deutsche Girozentrale grew its stake in Owens & Minor by 76.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock valued at $43,000 after purchasing an additional 1,356 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Owens & Minor by 7.7% in the 2nd quarter. Arizona State Retirement System now owns 20,371 shares of the company’s stock valued at $275,000 after buying an additional 1,449 shares in the last quarter. Quarry LP grew its position in shares of Owens & Minor by 290.1% in the 2nd quarter. Quarry LP now owns 2,099 shares of the company’s stock worth $28,000 after buying an additional 1,561 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Owens & Minor by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,364 shares of the company’s stock worth $207,000 after acquiring an additional 1,630 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its position in Owens & Minor by 4.9% during the second quarter. The Manufacturers Life Insurance Company now owns 36,366 shares of the company’s stock valued at $491,000 after acquiring an additional 1,709 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Robert W. Baird reduced their price target on Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. UBS Group decreased their price target on Owens & Minor from $28.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, November 5th. StockNews.com downgraded Owens & Minor from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Citigroup cut their price objective on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.50.

Owens & Minor Price Performance

Shares of NYSE:OMI opened at $13.94 on Friday. Owens & Minor, Inc. has a twelve month low of $11.42 and a twelve month high of $28.35. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11. The company has a market cap of $1.07 billion, a PE ratio of -21.45, a price-to-earnings-growth ratio of 0.50 and a beta of 0.42. The company’s 50 day moving average is $13.33 and its 200 day moving average is $14.72.

Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Monday, November 4th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. The business 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 for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. On average, sell-side analysts forecast that Owens & Minor, Inc. will post 1.49 EPS for the current year.

Insider Buying and Selling at Owens & Minor

In other news, CFO Jonathan A. Leon sold 5,282 shares of Owens & Minor stock in a transaction that occurred on Thursday, November 21st. The shares were 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 $1,546,316.04. The trade was a 3.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 3.59% of the company’s stock.

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.