LaSalle St. Investment Advisors LLC Purchases Shares of 74,500 Owens & Minor, Inc. (NYSE:OMI)

Key Points

• LaSalle St. Investment Advisors LLC has acquired a new position in Owens & Minor, Inc., purchasing 74,500 shares valued at approximately $672,000, representing about 0.10% of the company's stock.
• The stock of Owens & Minor is currently trading at $6.31, with a market capitalization of $487.06 million and a consensus price target of $11.60 among analysts.
• Owens & Minor beat earnings expectations with $0.23 EPS for the quarter, exceeding the consensus estimate of $0.20, while its revenue showed a slight year-over-year increase of 0.7%.

LaSalle St. Investment Advisors LLC acquired a new position in Owens & Minor, Inc. (NYSE:OMI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 74,500 shares of the company's stock, valued at approximately $672,000. LaSalle St. Investment Advisors LLC owned about 0.10% of Owens & Minor at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Owens & Minor by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,930 shares of the company's stock valued at $561,000 after buying an additional 1,662 shares during the period. Sterling Capital Management LLC grew its holdings in shares of Owens & Minor by 758.3% in the 4th quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock worth $27,000 after purchasing an additional 1,820 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Owens & Minor by 0.9% in the 4th quarter. Legal & General Group Plc now owns 212,061 shares of the company's stock worth $2,772,000 after purchasing an additional 1,991 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in shares of Owens & Minor by 11.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 20,259 shares of the company's stock worth $265,000 after purchasing an additional 2,112 shares during the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Owens & Minor by 537.6% in the 1st quarter. Versant Capital Management Inc now owns 3,201 shares of the company's stock worth $29,000 after purchasing an additional 2,699 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Owens & Minor Stock Up 15.0%

Shares of OMI traded up $0.70 during mid-day trading on Tuesday, hitting $5.33. 3,207,097 shares of the company's stock were exchanged, compared to its average volume of 1,485,964. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.41. The company has a market cap of $411.36 million, a PE ratio of -1.12, a P/E/G ratio of 0.31 and a beta of 1.04. The company has a 50-day simple moving average of $7.77 and a 200 day simple moving average of $8.06. Owens & Minor, Inc. has a 52 week low of $4.56 and a 52 week high of $16.63.

Owens & Minor (NYSE:OMI - Get Free Report) last released its earnings results on Monday, August 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.27 by ($0.01). Owens & Minor had a negative net margin of 3.41% and a positive return on equity of 17.09%. The business had revenue of $681.90 million during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. The business's revenue was up 3.3% on a year-over-year basis. On average, research analysts forecast that Owens & Minor, Inc. will post 1.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently issued reports on OMI. Robert W. Baird reduced their price target on shares of Owens & Minor from $10.00 to $7.00 and set an "outperform" rating on the stock in a research report on Tuesday. UBS Group restated a "buy" rating on shares of Owens & Minor in a research report on Monday. Citigroup reaffirmed a "buy" rating and issued a $7.00 price target (down from $11.00) on shares of Owens & Minor in a research note on Tuesday. Baird R W raised Owens & Minor from a "hold" rating to a "strong-buy" rating in a research note on Friday. Finally, JPMorgan Chase & Co. set a $10.00 price target on Owens & Minor in a research note on Monday. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $9.29.

Owens & Minor Company 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.