Inspire Advisors LLC Purchases Shares of 13,802 Owens & Minor, Inc. (NYSE:OMI)

Inspire Advisors LLC bought a new position in shares of Owens & Minor, Inc. (NYSE:OMI) during the third quarter, Holdings Channel.com reports. The fund bought 13,802 shares of the company’s stock, valued at approximately $217,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Owens & Minor by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 8,749,866 shares of the company’s stock valued at $242,459,000 after purchasing an additional 162,182 shares during the last quarter. Deerfield Management Company L.P. Series C grew its stake in shares of Owens & Minor by 30.6% during the second quarter. Deerfield Management Company L.P. Series C now owns 6,371,440 shares of the company’s stock worth $86,014,000 after purchasing an additional 1,493,852 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Owens & Minor by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company’s stock valued at $61,213,000 after buying an additional 76,599 shares during the last quarter. Renaissance Technologies LLC raised its stake in Owens & Minor by 16.5% in the second quarter. Renaissance Technologies LLC now owns 1,246,600 shares of the company’s stock valued at $16,829,000 after buying an additional 176,250 shares in the last quarter. Finally, Dana Investment Advisors Inc. lifted its holdings in Owens & Minor by 35.8% during the 2nd quarter. Dana Investment Advisors Inc. now owns 609,040 shares of the company’s stock worth $8,222,000 after buying an additional 160,682 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Owens & Minor Trading Down 0.4 %

Shares of Owens & Minor stock opened at $14.01 on Friday. The company’s fifty day moving average is $15.12 and its two-hundred day moving average is $17.23. Owens & Minor, Inc. has a 1 year low of $12.36 and a 1 year high of $28.35. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.51 and a current ratio of 1.09. The company has a market capitalization of $1.08 billion, a P/E ratio of -25.02, a PEG ratio of 0.44 and a beta of 0.39.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings results on Friday, August 2nd. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. Owens & Minor had a positive return on equity of 14.66% and a negative net margin of 0.40%. The firm had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the previous year, the firm posted $0.18 EPS. The firm’s revenue for the quarter was up 4.2% on a year-over-year basis. Analysts forecast that Owens & Minor, Inc. will post 1.57 earnings per share for the current year.

Wall Street Analyst Weigh In

OMI has been the topic of several research analyst reports. Robert W. Baird cut their target price on Owens & Minor from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 16th. StockNews.com cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a report on Monday, August 26th. JPMorgan Chase & Co. lowered their target price on shares of Owens & Minor from $22.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, August 21st. Citigroup upgraded shares of Owens & Minor from a “neutral” rating to a “buy” rating and cut their price target for the stock from $24.00 to $19.00 in a research note on Friday, July 19th. Finally, Bank of America decreased their price objective on shares of Owens & Minor from $18.00 to $16.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.00.

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.