Alliancebernstein L.P. Sells 69,900 Shares of Owens & Minor, Inc. (NYSE:OMI)

Alliancebernstein L.P. lessened its holdings in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) by 22.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 245,412 shares of the company's stock after selling 69,900 shares during the quarter. Alliancebernstein L.P. owned approximately 0.32% of Owens & Minor worth $3,208,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Inspire Advisors LLC grew its stake in Owens & Minor by 11.2% in the fourth quarter. Inspire Advisors LLC now owns 15,350 shares of the company's stock valued at $201,000 after purchasing an additional 1,548 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Owens & Minor by 57.4% in the 4th quarter. Blue Trust Inc. now owns 4,387 shares of the company's stock valued at $57,000 after buying an additional 1,600 shares in the last quarter. KBC Group NV increased its holdings in Owens & Minor by 98.2% in the fourth quarter. KBC Group NV now owns 4,434 shares of the company's stock worth $58,000 after buying an additional 2,197 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in Owens & Minor by 16.3% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 26,302 shares of the company's stock valued at $344,000 after acquiring an additional 3,688 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Owens & Minor by 6.5% in the third quarter. Franklin Resources Inc. now owns 61,223 shares of the company's stock worth $961,000 after acquiring an additional 3,743 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Coliseum Capital Management, L acquired 1,738,511 shares of the company's stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $9.39 per share, for a total transaction of $16,324,618.29. Following the completion of the purchase, the insider now directly owns 9,469,698 shares of the company's stock, valued at $88,920,464.22. The trade was a 22.49 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders acquired a total of 2,718,412 shares of company stock worth $24,495,308 over the last quarter. Company insiders own 3.69% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Owens & Minor from $14.00 to $10.00 and set an "underweight" rating for the company in a research note on Monday, March 10th. UBS Group cut their price objective on Owens & Minor from $25.00 to $13.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Robert W. Baird upped their target price on Owens & Minor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. Finally, Citigroup dropped their price target on shares of Owens & Minor from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, Owens & Minor currently has a consensus rating of "Hold" and an average target price of $12.50.

Owens & Minor Stock Performance

Shares of OMI traded up $0.18 during mid-day trading on Friday, hitting $6.95. The company's stock had a trading volume of 1,174,379 shares, compared to its average volume of 1,101,694. The firm has a market capitalization of $536.54 million, a PE ratio of -10.68, a price-to-earnings-growth ratio of 0.20 and a beta of 1.02. Owens & Minor, Inc. has a one year low of $6.07 and a one year high of $25.82. The stock's 50-day moving average is $8.26 and its two-hundred day moving average is $11.49. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09.

Owens & Minor (NYSE:OMI - Get Free Report) last announced its quarterly earnings data on Friday, February 28th. The company reported $0.55 EPS for the quarter, beating analysts' consensus estimates of $0.53 by $0.02. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. The firm's revenue for the quarter was up 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Owens & Minor, Inc. will post 1.51 EPS for the current year.

Owens & Minor announced that its Board of Directors has initiated a share repurchase program on Friday, February 28th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to buy up to 13.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

Owens & Minor Profile

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.