Janus Henderson Group PLC Reduces Holdings in Owens & Minor, Inc. (NYSE:OMI)

Janus Henderson Group PLC lessened its holdings in Owens & Minor, Inc. (NYSE:OMI - Free Report) by 6.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,449,164 shares of the company's stock after selling 99,266 shares during the period. Janus Henderson Group PLC owned approximately 1.88% of Owens & Minor worth $18,941,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Sterling Capital Management LLC grew its holdings in Owens & Minor by 758.3% during the 4th 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 during the last quarter. Blue Trust Inc. increased its stake 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 buying an additional 1,600 shares during the period. 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 valued at $58,000 after purchasing an additional 2,197 shares in the last quarter. Cetera Investment Advisers purchased a new stake in Owens & Minor during the fourth quarter worth $140,000. Finally, Guggenheim Capital LLC bought a new position in shares of Owens & Minor in the 4th quarter worth $166,000. Institutional investors own 98.04% of the company's stock.

Owens & Minor Price Performance

NYSE OMI traded down $0.30 during trading hours on Monday, reaching $7.08. The company's stock had a trading volume of 1,211,923 shares, compared to its average volume of 1,126,145. The firm has a market capitalization of $546.97 million, a price-to-earnings ratio of -10.89, a P/E/G ratio of 0.20 and a beta of 1.38. The company's 50-day moving average is $7.87 and its two-hundred day moving average is $10.56. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45. Owens & Minor, Inc. has a 1-year low of $6.07 and a 1-year high of $18.91.

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%. The firm's quarterly revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.19 EPS. On average, equities analysts predict that Owens & Minor, Inc. will post 1.51 EPS for the current year.

Owens & Minor declared that its board has authorized a share buyback program on Friday, February 28th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 13.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

Several research firms have 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. JPMorgan Chase & Co. cut their price target 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. Robert W. Baird increased their price objective on Owens & Minor from $10.00 to $11.00 and gave the company a "neutral" rating in a report on Monday, March 3rd. Finally, UBS Group reduced their target price on shares of Owens & Minor from $25.00 to $13.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $12.50.

Insider Activity

In other Owens & Minor news, major shareholder Coliseum Capital Management, L acquired 1,738,511 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of $9.39 per share, with a total value of $16,324,618.29. Following the purchase, the insider now owns 9,469,698 shares in the company, valued at approximately $88,920,464.22. The trade was a 22.49% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought a total of 2,718,412 shares of company stock worth $24,495,308 over the last quarter. 3.69% of the stock is currently owned by corporate insiders.

Owens & Minor 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.