Foundry Partners LLC Acquires New Shares in Owens & Minor, Inc. (NYSE:OMI)

Foundry Partners LLC acquired a new stake in Owens & Minor, Inc. (NYSE:OMI) during the third quarter, Holdings Channel reports. The fund acquired 333,843 shares of the company’s stock, valued at approximately $5,238,000.

A number of other large investors have also recently added to or reduced their stakes in OMI. Vanguard Group Inc. increased its position in shares of Owens & Minor by 1.9% during the first quarter. Vanguard Group Inc. now owns 8,749,866 shares of the company’s stock worth $242,459,000 after acquiring an additional 162,182 shares during the period. Deerfield Management Company L.P. Series C increased its position in shares of Owens & Minor by 30.6% during the second quarter. Deerfield Management Company L.P. Series C now owns 6,371,440 shares of the company’s stock worth $86,014,000 after acquiring an additional 1,493,852 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Owens & Minor by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company’s stock worth $61,213,000 after acquiring an additional 76,599 shares during the period. Renaissance Technologies LLC increased its position in shares of Owens & Minor by 16.5% during the second quarter. Renaissance Technologies LLC now owns 1,246,600 shares of the company’s stock worth $16,829,000 after acquiring an additional 176,250 shares during the period. Finally, Dana Investment Advisors Inc. increased its position in shares of Owens & Minor by 35.8% during the second quarter. Dana Investment Advisors Inc. now owns 609,040 shares of the company’s stock worth $8,222,000 after acquiring an additional 160,682 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Owens & Minor Trading Up 2.9 %

Shares of Owens & Minor stock opened at $12.23 on Friday. Owens & Minor, Inc. has a 12-month low of $11.42 and a 12-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 stock has a market cap of $943.06 million, a PE ratio of -18.82, a price-to-earnings-growth ratio of 0.43 and a beta of 0.41. The company has a 50-day moving average of $13.82 and a two-hundred day moving average of $15.26.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Monday, November 4th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The business had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.68 billion. During the same period last year, the company posted $0.44 EPS. The company’s revenue was up 5.0% on a year-over-year basis. On average, research analysts anticipate that Owens & Minor, Inc. will post 1.49 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Robert W. Baird dropped their target price on Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a report on Tuesday, November 5th. Citigroup decreased 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 note on Tuesday, November 5th. StockNews.com downgraded shares of Owens & Minor from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. decreased their target price on shares of Owens & Minor from $22.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, August 21st. Finally, UBS Group decreased 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 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 company. According to data from MarketBeat, Owens & Minor currently has an average rating of “Hold” and a consensus price target of $18.50.

Owens & Minor Company 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.