LHM Inc. Purchases 6,860 Shares of Owens & Minor, Inc. (NYSE:OMI)

LHM Inc. grew its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 4.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 175,792 shares of the company’s stock after acquiring an additional 6,860 shares during the period. Owens & Minor accounts for approximately 0.7% of LHM Inc.’s holdings, making the stock its 20th largest holding. LHM Inc.’s holdings in Owens & Minor were worth $2,298,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. FMR LLC increased its position in shares of Owens & Minor by 0.8% during the 3rd quarter. FMR LLC now owns 11,564,624 shares of the company’s stock valued at $181,449,000 after purchasing an additional 90,862 shares during the last quarter. State Street Corp increased its position in shares of Owens & Minor by 2.6% during the 3rd quarter. State Street Corp now owns 3,064,547 shares of the company’s stock valued at $48,083,000 after purchasing an additional 78,985 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Owens & Minor by 13.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,305,043 shares of the company’s stock valued at $30,127,000 after purchasing an additional 276,807 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Owens & Minor by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,711,453 shares of the company’s stock valued at $26,858,000 after purchasing an additional 13,164 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position 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 valued at $8,142,000 after purchasing an additional 35,105 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on OMI shares. 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 research report on Monday. UBS Group reduced their price target on Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.08.

Owens & Minor Price Performance

OMI opened at $9.73 on Thursday. The firm has a market cap of $751.23 million, a price-to-earnings ratio of -14.96, a PEG ratio of 0.20 and a beta of 0.61. Owens & Minor, Inc. has a 1 year low of $6.07 and a 1 year high of $28.35. The stock’s 50 day simple moving average is $11.32 and its 200 day simple moving average is $13.11. 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 (NYSE:OMI) last issued its quarterly earnings data on Friday, February 28th. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The firm had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.68 billion. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The business’s quarterly revenue was up 1.5% compared to the same quarter last year. During the same period last year, the company earned $0.69 EPS. As a group, analysts predict that Owens & Minor, Inc. will post 1.51 earnings per share for the current year.

Owens & Minor declared that its board has approved a share buyback plan on Friday, February 28th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to buy up to 13.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at Owens & Minor

In other news, major shareholder Coliseum Capital Management, L bought 354,901 shares of the stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of $9.19 per share, for a total transaction of $3,261,540.19. Following the purchase, the insider now directly owns 9,824,599 shares in the company, valued at $90,288,064.81. This trade represents a 3.75 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.59% of the company’s stock.

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.