Maryland State Retirement & Pension System Sells 2,010 Shares of Owens & Minor, Inc. (NYSE:OMI)

Maryland State Retirement & Pension System lessened its position in Owens & Minor, Inc. (NYSE:OMI) by 7.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 25,556 shares of the company’s stock after selling 2,010 shares during the period. Maryland State Retirement & Pension System’s holdings in Owens & Minor were worth $345,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Owens & Minor by 1.9% during 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 in the last quarter. Campbell & CO Investment Adviser LLC bought a new stake in shares of Owens & Minor during the 4th quarter valued at about $852,000. First Eagle Investment Management LLC boosted its stake in shares of Owens & Minor by 39.7% during the 4th quarter. First Eagle Investment Management LLC now owns 241,534 shares of the company’s stock valued at $4,654,000 after purchasing an additional 68,596 shares in the last quarter. Norges Bank bought a new stake in shares of Owens & Minor during the 4th quarter valued at about $9,160,000. Finally, Gabelli Funds LLC boosted its stake in shares of Owens & Minor by 25.9% during the 1st quarter. Gabelli Funds LLC now owns 170,000 shares of the company’s stock valued at $4,711,000 after purchasing an additional 35,000 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Owens & Minor Stock Up 3.8 %

Shares of Owens & Minor stock opened at $15.95 on Thursday. 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 stock has a market capitalization of $1.23 billion, a PE ratio of -31.27, a price-to-earnings-growth ratio of 0.50 and a beta of 0.25. Owens & Minor, Inc. has a 52-week low of $12.36 and a 52-week high of $28.35. The company has a 50-day simple moving average of $14.99 and a two-hundred day simple moving average of $19.55.

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on OMI. Barclays cut their target price on shares of Owens & Minor from $23.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. StockNews.com lowered shares of Owens & Minor from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Bank of America dropped their price objective on shares of Owens & Minor from $18.00 to $16.00 and set an “underperform” rating on the stock in a research note on Tuesday, June 25th. Robert W. Baird dropped their price objective on shares of Owens & Minor from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 16th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Owens & Minor from $22.00 to $18.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 21st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Owens & Minor currently has an average rating of “Hold” and a consensus price target of $20.00.

Owens & Minor Profile

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.