Owens & Minor, Inc. (NYSE:OMI) Shares Bought by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lifted its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 14.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,990 shares of the company’s stock after acquiring an additional 2,823 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in Owens & Minor were worth $708,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. raised its position in shares of Owens & Minor by 0.3% during the first quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the company’s stock worth $251,000 after acquiring an additional 20 shares during the last quarter. Security National Bank of Sioux City Iowa IA raised its position in shares of Owens & Minor by 0.3% during the first quarter. Security National Bank of Sioux City Iowa IA now owns 18,604 shares of the company’s stock worth $644,000 after acquiring an additional 49 shares during the last quarter. Blair William & Co. IL raised its position in shares of Owens & Minor by 0.5% during the second quarter. Blair William & Co. IL now owns 20,638 shares of the company’s stock worth $664,000 after acquiring an additional 97 shares during the last quarter. Creative Planning raised its position in shares of Owens & Minor by 2.9% during the second quarter. Creative Planning now owns 4,021 shares of the company’s stock worth $129,000 after acquiring an additional 113 shares during the last quarter. Finally, Meeder Asset Management Inc. raised its position in shares of Owens & Minor by 0.6% during the second quarter. Meeder Asset Management Inc. now owns 21,786 shares of the company’s stock worth $702,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 97.76% of the company’s stock.

Owens & Minor, Inc. (NYSE OMI) opened at 28.50 on Friday. Owens & Minor, Inc. has a 1-year low of $26.91 and a 1-year high of $37.02. The firm has a 50-day moving average price of $28.30 and a 200-day moving average price of $31.85. The firm has a market capitalization of $1.74 billion, a PE ratio of 18.13 and a beta of 1.04.

Owens & Minor (NYSE:OMI) last announced its earnings results on Tuesday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.38 billion. Owens & Minor had a return on equity of 11.64% and a net margin of 1.02%. Owens & Minor’s revenue for the quarter was down 8.8% compared to the same quarter last year. During the same period last year, the company earned $0.52 EPS. Equities analysts expect that Owens & Minor, Inc. will post $1.92 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a dividend of $0.2575 per share. This represents a $1.03 annualized dividend and a yield of 3.61%. The ex-dividend date is Thursday, September 14th. Owens & Minor’s dividend payout ratio is currently 65.19%.

A number of equities research analysts have recently weighed in on the company. BidaskClub upgraded Owens & Minor from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded Owens & Minor from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Jefferies Group LLC reiterated a “hold” rating and issued a $32.00 price objective (down previously from $36.00) on shares of Owens & Minor in a report on Wednesday, August 9th. UBS AG reiterated a “sell” rating and issued a $29.50 price objective (down previously from $30.50) on shares of Owens & Minor in a report on Wednesday, August 9th. Finally, Robert W. Baird upgraded Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 price objective for the company in a report on Friday, September 1st. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.10.

WARNING: This report was originally reported by BBNS and is the property of of BBNS. If you are reading this report on another publication, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this report can be read at https://baseballnewssource.com/markets/owens-minor-inc-omi-shares-bought-by-cambridge-investment-research-advisors-inc/1600132.html.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).

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

Receive News & Ratings for Owens & Minor Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor Inc. and related companies with our FREE daily email newsletter.

 


Latest News

American League Once Again Dominates National League
American League Once Again Dominates National League
Los Angeles Dodgers Waiting But Magic Number Down to One
Los Angeles Dodgers Waiting But Magic Number Down to One
Young Girl Hit by Foul Ball Rushed to Hospital
Young Girl Hit by Foul Ball Rushed to Hospital
New Home Run Record Reached in Major League Baseball
New Home Run Record Reached in Major League Baseball
Will 2017 MLB Season End with No 20-Game Winner?
Will 2017 MLB Season End with No 20-Game Winner?
Cleveland Indians Winning Streak Snapped at 22
Cleveland Indians Winning Streak Snapped at 22


Leave a Reply

 
© 2006-2017 BBNS.