Owens & Minor, Inc. (NYSE:OMI) Shares Sold by Towle & Co.

Towle & Co. cut its holdings in Owens & Minor, Inc. (NYSE:OMI - Free Report) by 19.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 766,926 shares of the company's stock after selling 181,343 shares during the quarter. Towle & Co. owned about 0.99% of Owens & Minor worth $10,024,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. State of Wyoming increased its stake in Owens & Minor by 35.3% in the fourth quarter. State of Wyoming now owns 23,198 shares of the company's stock valued at $303,000 after purchasing an additional 6,050 shares during the period. ProShare Advisors LLC increased its stake in Owens & Minor by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 22,702 shares of the company's stock valued at $297,000 after purchasing an additional 6,996 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Owens & Minor by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,930 shares of the company's stock valued at $561,000 after purchasing an additional 1,662 shares during the period. Coliseum Capital Management LLC increased its stake in Owens & Minor by 31.3% in the fourth quarter. Coliseum Capital Management LLC now owns 4,785,964 shares of the company's stock valued at $62,553,000 after purchasing an additional 1,141,483 shares during the period. Finally, Deutsche Bank AG increased its stake in Owens & Minor by 77.0% in the fourth quarter. Deutsche Bank AG now owns 495,111 shares of the company's stock valued at $6,471,000 after purchasing an additional 215,455 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on OMI. Citigroup dropped their price objective on shares of Owens & Minor from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. UBS Group dropped their price target on shares of 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 boosted their price target on shares of Owens & Minor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research note on Monday, March 3rd. Finally, JPMorgan Chase & Co. dropped their price target on shares of Owens & Minor from $14.00 to $10.00 and set an "underweight" rating on the stock in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $12.50.

Owens & Minor Stock Performance

Shares of OMI stock opened at $7.41 on Monday. Owens & Minor, Inc. has a one year low of $6.07 and a one year high of $18.91. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09. The company has a 50 day moving average price of $7.87 and a 200 day moving average price of $10.56. The firm has a market capitalization of $572.69 million, a price-to-earnings ratio of -11.40, a price-to-earnings-growth ratio of 0.20 and a beta of 1.38.

Owens & Minor (NYSE:OMI - Get Free Report) last issued its quarterly earnings results on Saturday, May 10th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. During the same quarter last year, the business earned $0.19 earnings per share. The firm's revenue for the quarter was up .7% on a year-over-year basis. Sell-side analysts anticipate that Owens & Minor, Inc. will post 1.51 EPS for the current year.

Owens & Minor announced that its board has initiated a stock repurchase program on Friday, February 28th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 13.6% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company's leadership believes its shares are 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.

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