D. E. Shaw & Co. Inc. Sells 23,056 Shares of Owens & Minor, Inc. (NYSE:OMI)

D. E. Shaw & Co. Inc. reduced its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 46.1% during the second quarter, Holdings Channel reports. The institutional investor owned 26,971 shares of the company’s stock after selling 23,056 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in Owens & Minor were worth $86,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in Owens & Minor in the second quarter worth about $149,000. Morgan Stanley lifted its holdings in Owens & Minor by 21.9% in the second quarter. Morgan Stanley now owns 1,803,457 shares of the company’s stock worth $5,771,000 after buying an additional 324,480 shares during the period. Blackstone Group Inc purchased a new stake in Owens & Minor in the second quarter worth about $8,287,000. Marshall Wace North America L.P. purchased a new stake in Owens & Minor in the second quarter worth about $444,000. Finally, Invesco Ltd. lifted its holdings in shares of Owens & Minor by 147.3% during the second quarter. Invesco Ltd. now owns 2,404,873 shares of the company’s stock valued at $7,695,000 after purchasing an additional 1,432,480 shares during the last quarter. 85.77% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Owens & Minor from a “hold” rating to a “buy” rating in a report on Tuesday, October 1st. Bank of America lifted their target price on shares of Owens & Minor from $4.00 to $7.50 and gave the company a “neutral” rating in a report on Friday, September 6th. Finally, Zacks Investment Research upgraded shares of Owens & Minor from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. Owens & Minor has a consensus rating of “Hold” and a consensus price target of $7.25.

Shares of OMI stock traded down $0.17 during trading hours on Monday, hitting $6.16. 410,085 shares of the company’s stock traded hands, compared to its average volume of 1,850,969. The stock’s fifty day simple moving average is $5.84 and its two-hundred day simple moving average is $4.06. Owens & Minor, Inc. has a 12-month low of $2.43 and a 12-month high of $15.91. The stock has a market cap of $392.87 million, a price-to-earnings ratio of 5.36 and a beta of 1.42. The company has a quick ratio of 0.84, a current ratio of 1.68 and a debt-to-equity ratio of 3.60.

Owens & Minor (NYSE:OMI) last released its earnings results on Wednesday, August 7th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Owens & Minor had a negative net margin of 2.88% and a positive return on equity of 5.53%. The firm had revenue of $2.48 billion during the quarter, compared to analyst estimates of $2.44 billion. During the same period last year, the business earned $0.32 earnings per share. The business’s revenue was up 1.1% on a year-over-year basis. On average, equities analysts forecast that Owens & Minor, Inc. will post 0.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.002 dividend. The ex-dividend date was Friday, September 13th. This represents a $0.01 dividend on an annualized basis and a yield of 0.13%. Owens & Minor’s payout ratio is currently 0.87%.

Owens & Minor Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.

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Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

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