Mutual Advisors LLC Acquires 43,576 Shares of Owens & Minor, Inc. (NYSE:OMI)

Mutual Advisors LLC grew its stake in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) by 75.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 101,133 shares of the company's stock after purchasing an additional 43,576 shares during the period. Mutual Advisors LLC owned approximately 0.13% of Owens & Minor worth $913,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of OMI. Sterling Capital Management LLC raised its holdings in Owens & Minor by 758.3% in the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock worth $27,000 after buying an additional 1,820 shares during the last quarter. Versant Capital Management Inc raised its holdings in Owens & Minor by 537.6% in the first quarter. Versant Capital Management Inc now owns 3,201 shares of the company's stock worth $29,000 after buying an additional 2,699 shares during the last quarter. Parallel Advisors LLC raised its holdings in Owens & Minor by 1,387.0% in the first quarter. Parallel Advisors LLC now owns 3,316 shares of the company's stock worth $30,000 after buying an additional 3,093 shares during the last quarter. GAMMA Investing LLC raised its holdings in Owens & Minor by 713.4% in the first quarter. GAMMA Investing LLC now owns 9,265 shares of the company's stock worth $84,000 after buying an additional 8,126 shares during the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in Owens & Minor in the first quarter worth about $96,000. Institutional investors own 98.04% of the company's stock.

Owens & Minor Stock Performance

Shares of OMI traded down $0.52 during mid-day trading on Monday, hitting $8.69. 1,084,257 shares of the company traded hands, compared to its average volume of 1,193,754. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.41 and a current ratio of 1.13. The stock has a 50-day moving average price of $7.49 and a two-hundred day moving average price of $9.20. Owens & Minor, Inc. has a 1 year low of $6.07 and a 1 year high of $16.98. The stock has a market cap of $671.30 million, a price-to-earnings ratio of -1.83, a P/E/G ratio of 0.40 and a beta of 1.40.

Owens & Minor (NYSE:OMI - Get Free Report) last announced its earnings results on Saturday, May 10th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. Owens & Minor had a negative net margin of 3.41% and a positive return on equity of 17.09%. Owens & Minor's revenue for the quarter was up .7% on a year-over-year basis. During the same quarter last year, the business earned $0.19 earnings per share. Equities analysts anticipate that Owens & Minor, Inc. will post 1.51 earnings per share for the current year.

Insider Buying and Selling at Owens & Minor

In other news, major shareholder Coliseum Capital Management, L purchased 225,000 shares of the company's stock in a transaction on Wednesday, April 9th. The stock was acquired at an average cost of $7.39 per share, for a total transaction of $1,662,750.00. Following the completion of the transaction, the insider directly owned 11,482,955 shares in the company, valued at $84,859,037.45. This trade represents a 2.00% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.69% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on OMI shares. Robert W. Baird lifted their target price on shares of Owens & Minor from $9.00 to $10.00 and gave the stock a "neutral" rating in a report on Friday, June 6th. JPMorgan Chase & Co. decreased their target price on shares of Owens & Minor from $14.00 to $10.00 and set an "underweight" rating for the company in a report on Monday, March 10th. Finally, Citigroup decreased their price objective on shares of Owens & Minor from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, April 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given 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 price target of $11.60.

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.