2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. increased its holdings in Owens & Minor, Inc. ( NYSE:OMI – Free Report ) by 31.
0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 192,492 shares of the company’s stock after buying an additional 45,576 shares during the period. Russell Investments Group Ltd.
’s holdings in Owens & Minor were worth $2,515,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds also recently bought and sold shares of OMI. Blue Trust Inc.
raised its position in shares of Owens & Minor by 57.4% in the 4th quarter. Blue Trust Inc.
now owns 4,387 shares of the company’s stock worth $57,000 after acquiring an additional 1,600 shares in the last quarter. KBC Group NV grew its stake in Owens & Minor by 98.2% in the fourth quarter.
KBC Group NV now owns 4,434 shares of the company’s stock valued at $58,000 after purchasing an additional 2,197 shares during the last quarter. Inspire Advisors LLC raised its holdings in Owens & Minor by 11.2% in the fourth quarter.
Inspire Advisors LLC now owns 15,350 shares of the company’s stock worth $201,000 after purchasing an additional 1,548 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Owens & Minor during the fourth quarter valued at about $256,000. Finally, Wealthfront Advisers LLC purchased a new stake in shares of Owens & Minor during the fourth quarter valued at about $257,000.
Hedge funds and other institutional investors own 98.04% of the company’s stock. Owens & Minor Stock Performance OMI opened at $6.
95 on Friday. The firm has a 50 day moving average of $8.29 and a two-hundred day moving average of $11.
57. The firm has a market capitalization of $536.54 million, a PE ratio of -10.
68, a P/E/G ratio of 0.20 and a beta of 1.02.
The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.
11. Owens & Minor, Inc. has a 12-month low of $6.
07 and a 12-month high of $25.82. Owens & Minor announced that its board has approved a share buyback plan on Friday, February 28th that allows the company to repurchase $100.
00 million in shares. This repurchase authorization allows the company to repurchase up to 13.6% of its stock through open market purchases.
Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued. Wall Street Analysts Forecast Growth OMI has been the subject of several recent analyst reports. Robert W.
Baird boosted their price objective on shares of Owens & Minor from $10.00 to $11.00 and gave the stock a “neutral” rating in a research note on Monday, March 3rd.
JPMorgan Chase & Co. reduced their price target on Owens & Minor from $14.00 to $10.
00 and set an “underweight” rating on the stock in a research report on Monday, March 10th. Citigroup lowered their price objective on Owens & Minor from $13.00 to $11.
00 and set a “buy” rating for the company in a research report on Thursday. Finally, UBS Group reduced their target price on Owens & Minor from $25.00 to $13.
00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.
com, the company currently has a consensus rating of “Hold” and a consensus target price of $12.50. Check Out Our Latest Stock Report on Owens & Minor Insider Transactions at Owens & Minor In other Owens & Minor news, major shareholder Coliseum Capital Management, L purchased 160,000 shares of the business’s stock in a transaction that occurred on Thursday, April 3rd.
The stock was purchased at an average price of $8.53 per share, for a total transaction of $1,364,800.00.
Following the purchase, the insider now directly owns 10,784,599 shares in the company, valued at approximately $91,992,629.47. This trade represents a 1.
51 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink . Insiders have bought 2,718,412 shares of company stock valued at $24,495,308 in the last 90 days.
3.59% of the stock is currently owned by company insiders. Owens & Minor Profile ( Free Report ) Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home.
It operates through the Products and Healthcare Services, and Patient Direct segments. Featured Stories Want to see what other hedge funds are holding OMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens & Minor, Inc.
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