Connor Clark & Lunn Investment Management Ltd. Increases Stake in Owens & Minor, Inc. (NYSE:OMI)

Connor Clark & Lunn Investment Management Ltd. increased its stake in Owens & Minor, Inc. (NYSE:OMI) by 374.2% in the third quarter, HoldingsChannel.com reports. The firm owned 223,074 shares of the company’s stock after acquiring an additional 176,029 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in Owens & Minor were worth $3,500,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Quarry LP increased its holdings in Owens & Minor by 290.1% during the 2nd quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $28,000 after acquiring an additional 1,561 shares in the last quarter. Innealta Capital LLC purchased a new position in Owens & Minor during the 2nd quarter valued at about $43,000. DekaBank Deutsche Girozentrale increased its holdings in Owens & Minor by 76.6% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock valued at $43,000 after acquiring an additional 1,356 shares in the last quarter. Blue Trust Inc. increased its holdings in Owens & Minor by 176.8% during the 3rd quarter. Blue Trust Inc. now owns 2,787 shares of the company’s stock valued at $44,000 after acquiring an additional 1,780 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Owens & Minor by 100.6% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 6,071 shares of the company’s stock worth $82,000 after purchasing an additional 3,044 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Owens & Minor Trading Up 1.0 %

NYSE OMI opened at $12.35 on Monday. Owens & Minor, Inc. has a one year low of $11.42 and a one year high of $28.35. The company’s 50 day moving average price is $13.75 and its 200 day moving average price is $15.16. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09. The firm has a market capitalization of $952.30 million, a price-to-earnings ratio of -19.00, a PEG ratio of 0.42 and a beta of 0.41.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter last year, the firm posted $0.44 earnings per share. Owens & Minor’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that Owens & Minor, Inc. will post 1.49 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on OMI shares. UBS Group decreased their price target on shares of Owens & Minor from $28.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, November 5th. StockNews.com cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. decreased their price target 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. Robert W. Baird decreased their target price on shares of Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Finally, Citigroup decreased their target price on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Owens & Minor currently has a consensus rating of “Hold” and a consensus target price of $18.50.

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.