D. E. Shaw & Co. Inc. Purchases 643,214 Shares of Owens & Minor, Inc. (NYSE:OMI)

D. E. Shaw & Co. Inc. lifted its stake in Owens & Minor, Inc. (NYSE:OMI) by 90.5% in the first quarter, Holdings Channel.com reports. The firm owned 1,353,759 shares of the company’s stock after buying an additional 643,214 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Owens & Minor were worth $50,888,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in OMI. Harvest Fund Management Co. Ltd purchased a new position in shares of Owens & Minor in the 1st quarter worth approximately $31,000. Ameritas Investment Company LLC purchased a new position in shares of Owens & Minor in the 1st quarter worth approximately $32,000. GPS Wealth Strategies Group LLC purchased a new position in shares of Owens & Minor in the 1st quarter worth approximately $33,000. First Trust Advisors LP purchased a new position in shares of Owens & Minor in the 1st quarter worth approximately $56,000. Finally, Human Investing LLC purchased a new position in shares of Owens & Minor in the 1st quarter worth approximately $69,000. Hedge funds and other institutional investors own 87.52% of the company’s stock.

In related news, Director Robert J. Henkel purchased 1,000 shares of Owens & Minor stock in a transaction dated Tuesday, May 4th. The stock was purchased at an average cost of $35.00 per share, with a total value of $35,000.00. Following the transaction, the director now owns 22,000 shares in the company, valued at approximately $770,000. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Christopher M. Lowery sold 52,000 shares of the company’s stock in a transaction dated Monday, June 7th. The shares were sold at an average price of $47.07, for a total value of $2,447,640.00. Following the transaction, the insider now directly owns 293,074 shares in the company, valued at $13,794,993.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 121,511 shares of company stock valued at $4,953,795. Corporate insiders own 4.65% of the company’s stock.

A number of equities analysts recently issued reports on OMI shares. Robert W. Baird boosted their price objective on Owens & Minor from $52.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, May 27th. boosted their price objective on Owens & Minor from $39.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, May 27th. Zacks Investment Research cut Owens & Minor from a “buy” rating to a “hold” rating in a report on Saturday, May 29th. Citigroup boosted their price objective on Owens & Minor from $39.00 to $46.00 and gave the company a “neutral” rating in a report on Thursday, May 27th. Finally, Credit Suisse Group boosted their price objective on Owens & Minor from $34.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, May 11th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $38.44.

Shares of OMI stock opened at $47.04 on Thursday. Owens & Minor, Inc. has a twelve month low of $12.54 and a twelve month high of $49.16. The stock has a market cap of $3.54 billion, a PE ratio of 12.63, a price-to-earnings-growth ratio of 0.69 and a beta of 0.22. The stock has a fifty day moving average price of $41.88. The company has a quick ratio of 0.66, a current ratio of 1.65 and a debt-to-equity ratio of 1.25.

Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Wednesday, May 5th. The company reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.58. The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.36 billion. Owens & Minor had a return on equity of 43.12% and a net margin of 1.28%. The business’s revenue for the quarter was up 9.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.04 EPS. Analysts forecast that Owens & Minor, Inc. will post 3.64 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 30th. Stockholders of record on Tuesday, June 15th were given a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.02%. This is a positive change from Owens & Minor’s previous quarterly dividend of $0.00. The ex-dividend date was Monday, June 14th. Owens & Minor’s payout ratio is presently 0.44%.

Owens & Minor Company Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.

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Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

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