Canal Capital Management LLC continued to hold its position in Owens & Minor, Inc. (NYSE:OMI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,284 shares of the company’s stock at the end of the second quarter. Canal Capital Management LLC’s holdings in Owens & Minor were worth $234,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. BlackRock Inc. boosted its position in Owens & Minor by 8,301.0% in the first quarter. BlackRock Inc. now owns 7,423,066 shares of the company’s stock worth $256,840,000 after buying an additional 7,334,707 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Owens & Minor by 136.5% in the first quarter. JPMorgan Chase & Co. now owns 1,609,977 shares of the company’s stock worth $55,705,000 after buying an additional 929,196 shares during the last quarter. Norges Bank acquired a new position in Owens & Minor during the fourth quarter worth about $27,982,000. Point72 Asset Management L.P. boosted its position in Owens & Minor by 770.6% in the first quarter. Point72 Asset Management L.P. now owns 723,500 shares of the company’s stock worth $25,033,000 after buying an additional 640,400 shares during the last quarter. Finally, Pzena Investment Management LLC boosted its position in Owens & Minor by 18.8% in the first quarter. Pzena Investment Management LLC now owns 1,579,596 shares of the company’s stock worth $54,654,000 after buying an additional 250,263 shares during the last quarter. 96.05% of the stock is owned by hedge funds and other institutional investors.
Shares of Owens & Minor, Inc. (OMI) opened at 28.25 on Friday. Owens & Minor, Inc. has a 1-year low of $27.98 and a 1-year high of $37.02. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 17.97 and a beta of 1.01. The firm has a 50-day moving average price of $31.26 and a 200 day moving average price of $33.38.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Tuesday, August 1st. The company reported $0.43 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.43. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.38 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The business’s revenue for the quarter was down 8.8% on a year-over-year basis. On average, analysts predict that Owens & Minor, Inc. will post $1.92 EPS 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 issued a $0.2575 dividend. This represents a $1.03 annualized dividend and a yield of 3.65%. The ex-dividend date is Thursday, September 14th. Owens & Minor’s dividend payout ratio is currently 65.19%.
OMI has been the subject of several recent research reports. Zacks Investment Research cut Owens & Minor from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. TheStreet cut Owens & Minor from a “b” rating to a “c+” rating in a research report on Thursday, May 4th. BidaskClub cut Owens & Minor from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Finally, Jefferies Group LLC set a $36.00 price target on Owens & Minor and gave the company a “hold” rating in a research report on Monday, May 22nd. Three research analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $31.88.
In related news, EVP Rony Camil Kordahi sold 2,231 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The shares were sold at an average price of $32.07, for a total value of $71,548.17. Following the sale, the executive vice president now owns 27,555 shares in the company, valued at $883,688.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Erika T. Davis sold 9,317 shares of Owens & Minor stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $32.26, for a total transaction of $300,566.42. Following the transaction, the senior vice president now owns 63,979 shares in the company, valued at approximately $2,063,962.54. The disclosure for this sale can be found here. Company insiders own 1.68% of the company’s stock.
About Owens & Minor
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).
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