Voloridge Investment Management LLC Buys 47,459 Shares of Owens & Minor, Inc. (NYSE:OMI)

Voloridge Investment Management LLC increased its stake in Owens & Minor, Inc. (NYSE:OMI - Free Report) by 24.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 243,525 shares of the company's stock after acquiring an additional 47,459 shares during the quarter. Voloridge Investment Management LLC owned approximately 0.32% of Owens & Minor worth $3,183,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Owens & Minor by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 8,915,756 shares of the company's stock valued at $116,529,000 after acquiring an additional 107,092 shares during the period. Coliseum Capital Management LLC raised its holdings in shares of Owens & Minor by 31.3% during the fourth quarter. Coliseum Capital Management LLC now owns 4,785,964 shares of the company's stock valued at $62,553,000 after acquiring an additional 1,141,483 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Owens & Minor by 13.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,305,043 shares of the company's stock valued at $30,127,000 after acquiring an additional 276,807 shares during the period. Kennedy Capital Management LLC raised its holdings in shares of Owens & Minor by 15.5% during the fourth quarter. Kennedy Capital Management LLC now owns 1,216,859 shares of the company's stock valued at $15,904,000 after acquiring an additional 163,184 shares during the period. Finally, Northern Trust Corp raised its holdings in shares of Owens & Minor by 13.7% during the fourth quarter. Northern Trust Corp now owns 968,101 shares of the company's stock valued at $12,653,000 after acquiring an additional 116,754 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Owens & Minor Stock Up 1.5%

Owens & Minor stock traded up $0.10 during trading hours on Friday, hitting $6.60. The company had a trading volume of 1,518,517 shares, compared to its average volume of 1,146,333. The firm has a market capitalization of $509.88 million, a P/E ratio of -10.15, a price-to-earnings-growth ratio of 0.20 and a beta of 1.38. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45. The firm's fifty day moving average is $7.37 and its 200-day moving average is $10.22. Owens & Minor, Inc. has a fifty-two week low of $6.07 and a fifty-two week high of $17.78.

Owens & Minor (NYSE:OMI - Get Free Report) last announced 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 posted $0.19 EPS. The company's revenue for the quarter was up .7% 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 year.

Owens & Minor announced that its board has initiated a stock buyback program on Friday, February 28th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the company to repurchase up to 13.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on OMI. Citigroup cut their price target on shares of Owens & Minor from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Robert W. Baird boosted their price target on shares of Owens & Minor from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. UBS Group dropped their price objective 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. Finally, JPMorgan Chase & Co. dropped their price objective 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 investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $12.50.

Insider Transactions at Owens & Minor

In other news, major shareholder Coliseum Capital Management, L acquired 354,901 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average cost of $9.19 per share, with a total value of $3,261,540.19. Following the acquisition, the insider now owns 9,824,599 shares in the company, valued at approximately $90,288,064.81. This represents a 3.75% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 979,901 shares of company stock worth $8,170,690 in the last 90 days. 3.69% of the stock is owned by insiders.

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.