First Trust Advisors LP Sells 41,242 Shares of Owens & Minor, Inc. (NYSE:OMI)

First Trust Advisors LP lowered its stake in Owens & Minor, Inc. (NYSE:OMI - Free Report) by 19.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 167,881 shares of the company's stock after selling 41,242 shares during the quarter. First Trust Advisors LP owned about 0.22% of Owens & Minor worth $2,194,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Inspire Advisors LLC lifted its holdings in Owens & Minor by 11.2% in the fourth quarter. Inspire Advisors LLC now owns 15,350 shares of the company's stock worth $201,000 after purchasing an additional 1,548 shares during the period. Blue Trust Inc. grew its stake in shares of Owens & Minor by 57.4% in the 4th quarter. Blue Trust Inc. now owns 4,387 shares of the company's stock worth $57,000 after purchasing an additional 1,600 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Owens & Minor by 758.3% in the 4th quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock worth $27,000 after purchasing an additional 1,820 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Owens & Minor by 0.9% in the 4th quarter. Legal & General Group Plc now owns 212,061 shares of the company's stock worth $2,772,000 after purchasing an additional 1,991 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Owens & Minor by 98.2% in the 4th quarter. KBC Group NV now owns 4,434 shares of the company's stock worth $58,000 after purchasing an additional 2,197 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Insider Activity

In related news, major shareholder Coliseum Capital Management, L acquired 354,901 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average cost of $9.19 per share, with a total value of $3,261,540.19. Following the completion of the transaction, the insider now owns 9,824,599 shares of the company's stock, valued at approximately $90,288,064.81. This trade represents a 3.75% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have bought 2,718,412 shares of company stock worth $24,495,308 over the last 90 days. 3.69% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on OMI. Citigroup dropped their target price 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. UBS Group dropped their target price on shares of Owens & Minor from $25.00 to $13.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Robert W. Baird boosted their target price on shares of Owens & Minor from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Owens & Minor from $14.00 to $10.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Owens & Minor presently has an average rating of "Hold" and an average price target of $12.50.

Owens & Minor Trading Up 0.4%

Shares of OMI stock traded up $0.03 during trading hours on Friday, reaching $7.02. 1,798,096 shares of the stock traded hands, compared to its average volume of 1,121,481. Owens & Minor, Inc. has a 1-year low of $6.07 and a 1-year high of $21.02. The business has a fifty day moving average price of $8.13 and a 200 day moving average price of $10.77. The company has a quick ratio of 0.45, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The firm has a market capitalization of $542.33 million, a PE ratio of -10.80, a PEG ratio of 0.20 and a beta of 1.38.

Owens & Minor (NYSE:OMI - Get Free Report) last released its quarterly earnings results on Saturday, May 10th. The company reported $0.23 earnings per share (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%. During the same quarter last year, the company earned $0.19 EPS. Owens & Minor's revenue for the quarter was up .7% compared to the same quarter last year. On average, equities research analysts forecast that Owens & Minor, Inc. will post 1.51 EPS for the current year.

Owens & Minor declared that its Board of Directors has approved a share buyback plan on Friday, February 28th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 13.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board believes its stock is undervalued.

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.