Mutual Advisors LLC Boosts Holdings in Owens & Minor, Inc. (NYSE:OMI)

Mutual Advisors LLC boosted its position in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) by 75.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 101,133 shares of the company's stock after acquiring an additional 43,576 shares during the quarter. Mutual Advisors LLC owned 0.13% of Owens & Minor worth $913,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of OMI. Teacher Retirement System of Texas purchased a new position in shares of Owens & Minor in the 1st quarter valued at $96,000. Allspring Global Investments Holdings LLC lifted its position in Owens & Minor by 54.0% during the first quarter. Allspring Global Investments Holdings LLC now owns 45,360 shares of the company's stock worth $410,000 after buying an additional 15,898 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Owens & Minor by 713.4% in the 1st quarter. GAMMA Investing LLC now owns 9,265 shares of the company's stock valued at $84,000 after buying an additional 8,126 shares during the period. Parallel Advisors LLC boosted its position in shares of Owens & Minor by 1,387.0% during the 1st quarter. Parallel Advisors LLC now owns 3,316 shares of the company's stock worth $30,000 after acquiring an additional 3,093 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in shares of Owens & Minor by 537.6% during the 1st 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 in the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

Wall Street Analyst Weigh In

OMI has been the subject of several research analyst reports. Citigroup lowered their price objective on Owens & Minor from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Robert W. Baird lifted their target price on shares of Owens & Minor from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, June 6th. 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.com, Owens & Minor presently has a consensus rating of "Hold" and a consensus target price of $11.60.

Owens & Minor Trading Down 4.7%

Shares of NYSE OMI traded down $0.42 during trading hours on Wednesday, hitting $8.57. The company's stock had a trading volume of 1,054,759 shares, compared to its average volume of 1,193,409. The business has a 50-day simple moving average of $7.57 and a 200-day simple moving average of $9.17. 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 market cap of $662.11 million, a price-to-earnings ratio of -1.79, a P/E/G ratio of 0.38 and a beta of 1.40. Owens & Minor, Inc. has a 12 month low of $6.07 and a 12 month high of $16.98.

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

About Owens & Minor

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.