New Century Financial Group LLC Invests $957,000 in Owens & Minor, Inc. (NYSE:OMI)

New Century Financial Group LLC purchased a new position in Owens & Minor, Inc. (NYSE:OMI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 49,673 shares of the company's stock, valued at approximately $957,000. New Century Financial Group LLC owned 0.06% of Owens & Minor as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale purchased a new position in Owens & Minor during the 3rd quarter worth $29,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Owens & Minor by 62.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 6,347 shares of the company's stock valued at $103,000 after acquiring an additional 2,448 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in Owens & Minor during the 4th quarter worth about $214,000. Teacher Retirement System of Texas purchased a new position in Owens & Minor during the 3rd quarter valued at about $218,000. Finally, Linden Thomas Advisory Services LLC raised its holdings in shares of Owens & Minor by 26.9% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 13,905 shares of the company's stock valued at $268,000 after purchasing an additional 2,944 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on OMI shares. UBS Group cut their price objective on shares of Owens & Minor from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, January 29th. Robert W. Baird lowered their target price on shares of Owens & Minor from $28.00 to $24.00 and set a "neutral" rating for the company in a research note on Monday, May 6th. TheStreet upgraded shares of Owens & Minor from a "d+" rating to a "c-" rating in a research note on Monday, March 4th. StockNews.com upgraded shares of Owens & Minor from a "hold" rating to a "buy" rating in a research note on Wednesday. Finally, SVB Leerink initiated coverage on shares of Owens & Minor in a research note on Monday, February 26th. They set a "market perform" rating and a $24.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Owens & Minor presently has a consensus rating of "Hold" and a consensus price target of $23.29.

Owens & Minor Stock Performance

NYSE OMI traded down $0.49 on Friday, reaching $18.62. 699,620 shares of the company's stock traded hands, compared to its average volume of 870,397. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of -36.51, a P/E/G ratio of 0.64 and a beta of 0.52. The stock has a 50 day moving average price of $24.18 and a 200-day moving average price of $21.77. Owens & Minor, Inc. has a fifty-two week low of $13.64 and a fifty-two week high of $28.35. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.56 and a current ratio of 1.16.

Owens & Minor (NYSE:OMI - Get Free Report) last posted its earnings results on Friday, May 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The company had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. Owens & Minor had a negative net margin of 0.37% and a positive return on equity of 12.97%. The firm's quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.05 earnings per share. Equities research analysts predict that Owens & Minor, Inc. will post 1.53 EPS for the current fiscal year.

Insider Activity at Owens & Minor

In other Owens & Minor news, SVP Michael Wayne Lowry sold 10,000 shares of Owens & Minor stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, the senior vice president now owns 71,654 shares of the company's stock, valued at $1,791,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Owens & Minor news, SVP Jonathan A. Leon sold 5,000 shares of Owens & Minor stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $24.84, for a total value of $124,200.00. Following the completion of the transaction, the senior vice president now owns 84,673 shares of the company's stock, valued at $2,103,277.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Michael Wayne Lowry sold 10,000 shares of Owens & Minor stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the transaction, the senior vice president now directly owns 71,654 shares of the company's stock, valued at approximately $1,791,350. The disclosure for this sale can be found here. 3.59% of the stock is currently owned by insiders.

About Owens & Minor

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.