Kennedy Capital Management LLC Buys 163,184 Shares of Owens & Minor, Inc. (NYSE:OMI)

Kennedy Capital Management LLC increased its position in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,216,859 shares of the company's stock after acquiring an additional 163,184 shares during the period. Kennedy Capital Management LLC owned about 1.58% of Owens & Minor worth $15,904,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Owens & Minor by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 8,915,756 shares of the company's stock valued at $116,529,000 after buying an additional 107,092 shares during the last quarter. State Street Corp raised its position in Owens & Minor by 2.6% during the third quarter. State Street Corp now owns 3,064,547 shares of the company's stock valued at $48,083,000 after acquiring an additional 78,985 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Owens & Minor by 13.6% in 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 last quarter. Geode Capital Management LLC grew its position in Owens & Minor by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,711,453 shares of the company's stock worth $26,858,000 after acquiring an additional 13,164 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Owens & Minor by 6.0% during the 4th quarter. Bank of New York Mellon Corp now owns 622,921 shares of the company's stock worth $8,142,000 after purchasing an additional 35,105 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Insiders Place Their Bets

In other Owens & Minor news, major shareholder Coliseum Capital Management, L purchased 160,000 shares of the stock in a transaction on Thursday, April 3rd. The shares were purchased at an average price of $8.53 per share, with a total value of $1,364,800.00. Following the acquisition, the insider now directly owns 10,784,599 shares of the company's stock, valued at $91,992,629.47. This represents a 1.51 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last quarter, insiders bought 2,718,412 shares of company stock worth $24,495,308. 3.59% of the stock is currently owned by company insiders.

Owens & Minor Stock Performance

NYSE:OMI traded down $0.23 during trading hours on Tuesday, hitting $6.69. 644,973 shares of the company traded hands, compared to its average volume of 1,082,196. 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, Inc. has a twelve month low of $6.07 and a twelve month high of $25.85. The firm has a 50-day moving average of $8.40 and a 200 day moving average of $11.70. The stock has a market capitalization of $516.84 million, a price-to-earnings ratio of -10.29, a P/E/G ratio of 0.20 and a beta of 1.02.

Owens & Minor (NYSE:OMI - Get Free Report) last posted its quarterly earnings data on Friday, February 28th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.53 by $0.02. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The company had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the firm posted $0.69 EPS. The business's revenue was up 1.5% compared to the same quarter last year. On average, analysts forecast that Owens & Minor, Inc. will post 1.51 EPS for the current year.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Robert W. Baird increased their target price on shares of Owens & Minor from $10.00 to $11.00 and gave the stock a "neutral" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price objective on Owens & Minor from $14.00 to $10.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. Finally, UBS Group lowered their price target on Owens & Minor from $25.00 to $13.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $13.75.

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.