UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Stock Holdings in Owens & Minor, Inc. (NYSE:OMI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) by 29.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 219,761 shares of the company's stock after acquiring an additional 50,184 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.28% of Owens & Minor worth $2,872,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Sterling Capital Management LLC grew its position in shares of Owens & Minor by 758.3% during the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock valued at $27,000 after purchasing an additional 1,820 shares in the last quarter. Blue Trust Inc. grew its position in shares of Owens & Minor by 57.4% during the fourth quarter. Blue Trust Inc. now owns 4,387 shares of the company's stock valued at $57,000 after purchasing an additional 1,600 shares in the last quarter. KBC Group NV grew its position in shares of Owens & Minor by 98.2% during the fourth quarter. KBC Group NV now owns 4,434 shares of the company's stock valued at $58,000 after purchasing an additional 2,197 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of Owens & Minor during the fourth quarter valued at about $140,000. Finally, Guggenheim Capital LLC purchased a new position in shares of Owens & Minor during the fourth quarter valued at about $166,000. Hedge funds and other institutional investors own 98.04% of the company's stock.

Owens & Minor Price Performance

Shares of Owens & Minor stock traded up $0.37 during trading hours on Friday, reaching $7.98. The stock had a trading volume of 1,432,789 shares, compared to its average volume of 1,166,927. The stock's 50 day moving average is $7.15 and its 200 day moving average is $9.99. The firm has a market capitalization of $616.80 million, a PE ratio of -12.28, a PEG ratio of 0.20 and a beta of 1.31. Owens & Minor, Inc. has a twelve month low of $6.07 and a twelve month high of $17.75. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11.

Owens & Minor (NYSE:OMI - Get Free Report) last released its quarterly earnings data on Saturday, May 10th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates 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%. The business's revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 earnings per share. Equities analysts expect that Owens & Minor, Inc. will post 1.51 earnings per share for the current fiscal year.

Owens & Minor declared that its board has approved a share repurchase plan on Friday, February 28th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 13.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts recently commented on OMI shares. Citigroup dropped their price target on Owens & Minor from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. JPMorgan Chase & Co. dropped their price target on Owens & Minor from $14.00 to $10.00 and set an "underweight" rating for the company in a research report on Monday, March 10th. UBS Group dropped their price target on Owens & Minor from $25.00 to $13.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Finally, Robert W. Baird lifted their price target on Owens & Minor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday. 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 data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $12.33.

Insider Activity

In other Owens & Minor news, major shareholder Coliseum Capital Management, L purchased 240,000 shares of the firm's stock in a transaction on Monday, April 7th. The stock was bought at an average price of $7.84 per share, with a total value of $1,881,600.00. Following the transaction, the insider now directly owns 11,152,955 shares of the company's stock, valued at approximately $87,439,167.20. This represents a 2.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought a total of 625,000 shares of company stock valued at $4,909,150 in the last 90 days. Company insiders own 3.69% of the company's stock.

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.