Mutual of America Capital Management LLC Sells 933 Shares of Owens & Minor, Inc. (NYSE:OMI)

Mutual of America Capital Management LLC lowered its stake in Owens & Minor, Inc. (NYSE:OMI) by 7.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,115 shares of the company’s stock after selling 933 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Owens & Minor were worth $174,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Deerfield Management Company L.P. Series C boosted its holdings in shares of Owens & Minor by 30.6% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 6,371,440 shares of the company’s stock valued at $86,014,000 after buying an additional 1,493,852 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Owens & Minor by 1.7% during the 2nd 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 in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Owens & Minor by 16.5% during the 2nd 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. Dana Investment Advisors Inc. boosted its holdings in shares of Owens & Minor by 35.8% during the 2nd quarter. Dana Investment Advisors Inc. now owns 609,040 shares of the company’s stock valued at $8,222,000 after buying an additional 160,682 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in shares of Owens & Minor by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 337,766 shares of the company’s stock valued at $5,300,000 after buying an additional 17,152 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on OMI shares. StockNews.com cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. Robert W. Baird dropped their price target on shares of Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Barclays dropped their price target on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. UBS Group dropped 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. Finally, JPMorgan Chase & Co. dropped 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Owens & Minor presently has a consensus rating of “Hold” and a consensus price target of $18.50.

Insider Buying and Selling

In related news, CFO Jonathan A. Leon sold 5,282 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $11.82, for a total value of $62,433.24. Following the completion of the sale, the chief financial officer now directly owns 130,822 shares of the company’s stock, valued at approximately $1,546,316.04. This represents a 3.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.59% of the stock is currently owned by insiders.

Owens & Minor Price Performance

NYSE OMI opened at $13.54 on Friday. Owens & Minor, Inc. has a 52 week low of $11.42 and a 52 week high of $28.35. The firm has a market capitalization of $1.04 billion, a P/E ratio of -20.83, a PEG ratio of 0.46 and a beta of 0.41. The company has a quick ratio of 0.45, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The company has a 50-day moving average price of $13.55 and a 200-day moving average price of $15.07.

Owens & Minor (NYSE:OMI) last released 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 during the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. Equities research analysts anticipate that Owens & Minor, Inc. will post 1.49 earnings per share for the current year.

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.