Owens & Minor, Inc. (NYSE:OMI) Stock Position Cut by Wolverine Asset Management LLC

Wolverine Asset Management LLC lessened its stake in Owens & Minor, Inc. (NYSE:OMI) by 8.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 127,430 shares of the company’s stock after selling 12,500 shares during the quarter. Wolverine Asset Management LLC’s holdings in Owens & Minor were worth $2,456,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new position in Owens & Minor in the 3rd quarter valued at about $29,000. Allspring Global Investments Holdings LLC boosted its position in shares of Owens & Minor by 62.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 6,347 shares of the company’s stock valued at $103,000 after purchasing an additional 2,448 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Owens & Minor during the 3rd quarter valued at about $218,000. Bailard Inc. acquired a new position in shares of Owens & Minor in the third quarter worth about $223,000. Finally, CWM LLC boosted its holdings in shares of Owens & Minor by 6.5% in the third quarter. CWM LLC now owns 15,707 shares of the company’s stock worth $254,000 after buying an additional 952 shares during the period. Institutional investors own 98.04% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on OMI. StockNews.com upgraded shares of Owens & Minor from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. Barclays raised their target price on shares of Owens & Minor from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. SVB Leerink began coverage on shares of Owens & Minor in a research report on Monday, February 26th. They issued a “market perform” rating and a $24.00 price target for the company. Citigroup increased their price target on shares of Owens & Minor from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 21st. Finally, Robert W. Baird increased their price target on shares of Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 10th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Owens & Minor presently has a consensus rating of “Hold” and a consensus price target of $23.29.

Owens & Minor Trading Down 3.1 %

OMI traded down $0.79 during midday trading on Wednesday, hitting $24.78. 172,452 shares of the company’s stock traded hands, compared to its average volume of 635,010. The stock’s fifty day simple moving average is $25.05 and its 200-day simple moving average is $21.00. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 0.52. Owens & Minor, Inc. has a one year low of $13.34 and a one year high of $28.35.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Tuesday, February 20th. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.66 by $0.03. The firm had revenue of $2.66 billion for the quarter, compared to analyst estimates of $2.67 billion. Owens & Minor had a negative net margin of 0.40% and a positive return on equity of 11.62%. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 earnings per share. Research analysts anticipate that Owens & Minor, Inc. will post 1.54 EPS for the current year.

Insider Activity

In other news, SVP Jonathan A. Leon sold 5,000 shares of Owens & Minor stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $24.84, for a total value of $124,200.00. Following the transaction, the senior vice president now owns 84,673 shares of the company’s stock, valued at $2,103,277.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, SVP Jonathan A. Leon sold 5,000 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $24.84, for a total value of $124,200.00. Following the sale, the senior vice president now owns 84,673 shares in the company, valued at $2,103,277.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Michael Wayne Lowry sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the sale, the senior vice president now owns 71,654 shares in the company, valued at approximately $1,791,350. The disclosure for this sale can be found here. Insiders own 2.62% of the company’s stock.

Owens & Minor Company 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.