6 days Ago By ABMN Staff
Alliancebernstein L.P. lessened its holdings in shares of Owens & Minor, Inc.
( NYSE:OMI – Free Report ) by 22.2% in the fourth quarter, Holdings Channel.com reports.
The fund owned 245,412 shares of the company’s stock after selling 69,900 shares during the quarter. Alliancebernstein L.P.
’s holdings in Owens & Minor were worth $3,208,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently made changes to their positions in the company. Waldron Private Wealth LLC acquired a new stake in shares of Owens & Minor during the fourth quarter worth $406,000.
JPMorgan Chase & Co. increased its stake in shares of Owens & Minor by 68.4% in the 3rd quarter.
JPMorgan Chase & Co. now owns 376,830 shares of the company’s stock valued at $5,912,000 after acquiring an additional 152,999 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Owens & Minor by 126.
0% in the 3rd quarter. Jane Street Group LLC now owns 186,280 shares of the company’s stock valued at $2,923,000 after acquiring an additional 103,871 shares during the last quarter. Advisors Preferred LLC raised its position in shares of Owens & Minor by 173.
9% in the 4th quarter. Advisors Preferred LLC now owns 84,305 shares of the company’s stock valued at $1,083,000 after acquiring an additional 53,529 shares during the period. Finally, State Street Corp boosted its stake in Owens & Minor by 2.
6% during the 3rd quarter. State Street Corp now owns 3,064,547 shares of the company’s stock worth $48,083,000 after acquiring an additional 78,985 shares during the last quarter. Institutional investors own 98.
04% of the company’s stock. Insider Buying and Selling at Owens & Minor In other Owens & Minor news, major shareholder Coliseum Capital Management, L acquired 225,000 shares of Owens & Minor stock in a transaction dated Wednesday, April 9th. The stock was bought at an average cost of $7.
39 per share, for a total transaction of $1,662,750.00. Following the purchase, the insider now directly owns 11,482,955 shares in the company, valued at approximately $84,859,037.
45. This represents a 2.00 % increase in their position.
The purchase was disclosed in a document filed with the SEC, which can be accessed through this link . In the last quarter, insiders have bought 2,718,412 shares of company stock worth $24,495,308. Corporate insiders own 3.
59% of the company’s stock. Owens & Minor Trading Up 0.4 % Owens & Minor ( NYSE:OMI – Get Free Report ) last released its quarterly earnings results on Friday, February 28th.
The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.
02. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.
68 billion. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.
46%. The company’s revenue for the quarter was up 1.5% on a year-over-year basis.
During the same quarter last year, the business posted $0.69 EPS. As a group, research analysts forecast that Owens & Minor, Inc.
will post 1.51 EPS for the current fiscal year. Owens & Minor declared that its Board of Directors has approved a stock repurchase plan on Friday, February 28th that authorizes the company to buyback $100.
00 million in shares. This buyback authorization authorizes the company to purchase up to 13.6% of its shares through open market purchases.
Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued. Wall Street Analysts Forecast Growth OMI has been the subject of several recent analyst reports. UBS Group lowered their target price on shares of Owens & Minor from $25.
00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Robert W.
Baird upped their price objective on shares of Owens & Minor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd.
Finally, JPMorgan Chase & Co. reduced their target price on Owens & Minor from $14.00 to $10.
00 and set an “underweight” rating on the stock in a report on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $13.
75. View Our Latest Research Report on OMI About Owens & Minor ( Free Report ) Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.
See Also Want to see what other hedge funds are holding OMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens & Minor, Inc. ( NYSE:OMI – Free Report ).
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