Empowered Funds LLC Increases Holdings in Owens & Minor, Inc. (NYSE:OMI)

Empowered Funds LLC lifted its position in Owens & Minor, Inc. (NYSE:OMI) by 5.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 355,021 shares of the company’s stock after buying an additional 17,255 shares during the period. Empowered Funds LLC owned approximately 0.46% of Owens & Minor worth $4,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. The Manufacturers Life Insurance Company boosted its holdings in Owens & Minor by 4.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,366 shares of the company’s stock worth $491,000 after buying an additional 1,709 shares during the period. Blue Trust Inc. lifted its position in shares of Owens & Minor by 176.8% in the third 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. KBC Group NV boosted its stake in shares of Owens & Minor by 98.2% in the fourth quarter. KBC Group NV now owns 4,434 shares of the company’s stock worth $58,000 after acquiring an additional 2,197 shares during the period. Segall Bryant & Hamill LLC grew its position in shares of Owens & Minor by 2.1% during the third quarter. Segall Bryant & Hamill LLC now owns 137,199 shares of the company’s stock worth $2,153,000 after purchasing an additional 2,883 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its stake in Owens & Minor by 16.3% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 26,302 shares of the company’s stock valued at $344,000 after purchasing an additional 3,688 shares during the period. Institutional investors own 98.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Robert W. Baird dropped their price target on Owens & Minor from $15.00 to $14.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Citigroup dropped their target price on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating for the company in a research report on Tuesday, November 5th. UBS Group reduced their price target on shares of Owens & Minor from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, Barclays decreased 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. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.50.

Insider Activity

In other news, CFO Jonathan A. Leon sold 5,282 shares of Owens & Minor stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $11.82, for a total transaction of $62,433.24. Following the completion of the sale, the chief financial officer now directly owns 130,822 shares in the company, valued at approximately $1,546,316.04. This trade represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 2.62% of the company’s stock.

Owens & Minor Price Performance

OMI stock opened at $8.42 on Wednesday. Owens & Minor, Inc. has a 52 week low of $8.28 and a 52 week high of $28.35. The firm has a market capitalization of $649.10 million, a P/E ratio of -12.95, a price-to-earnings-growth ratio of 0.25 and a beta of 0.48. The company has a fifty day simple moving average of $13.18 and a two-hundred day simple moving average of $13.99. The company has a quick ratio of 0.45, a current ratio of 1.09 and a debt-to-equity ratio of 2.11.

About Owens & Minor

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.