Quantbot Technologies LP Has $1.32 Million Position in Owens & Minor, Inc. (OMI)

Quantbot Technologies LP reduced its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 47.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 45,210 shares of the company’s stock after selling 41,592 shares during the period. Quantbot Technologies LP owned 0.07% of Owens & Minor worth $1,320,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in OMI. Flinton Capital Management LLC raised its position in shares of Owens & Minor by 62.7% in the 2nd quarter. Flinton Capital Management LLC now owns 3,904 shares of the company’s stock worth $126,000 after acquiring an additional 1,504 shares in the last quarter. Creative Planning raised its position in shares of Owens & Minor by 2.9% in the 2nd quarter. Creative Planning now owns 4,021 shares of the company’s stock worth $129,000 after acquiring an additional 113 shares in the last quarter. LS Investment Advisors LLC raised its position in shares of Owens & Minor by 17.1% in the 2nd quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock worth $161,000 after acquiring an additional 727 shares in the last quarter. Legg Mason Asset Management Japan Co. Ltd. bought a new position in shares of Owens & Minor in the 2nd quarter worth about $171,000. Finally, Riverhead Capital Management LLC raised its position in shares of Owens & Minor by 65.6% in the 2nd quarter. Riverhead Capital Management LLC now owns 6,128 shares of the company’s stock worth $197,000 after acquiring an additional 2,428 shares in the last quarter. 97.10% of the stock is owned by institutional investors and hedge funds.

Shares of Owens & Minor, Inc. (NYSE:OMI) opened at $19.14 on Monday. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.77 and a quick ratio of 0.95. The company has a market capitalization of $1,172.32, a PE ratio of 10.88, a PEG ratio of 2.05 and a beta of 0.97. Owens & Minor, Inc. has a 12 month low of $18.07 and a 12 month high of $37.02.

Owens & Minor (NYSE:OMI) last issued its earnings results on Wednesday, November 1st. The company reported $0.40 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by ($0.10). The firm had revenue of $2.33 billion during the quarter, compared to analyst estimates of $2.40 billion. Owens & Minor had a net margin of 0.83% and a return on equity of 10.85%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share. analysts anticipate that Owens & Minor, Inc. will post 1.78 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be paid a $0.2575 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.03 annualized dividend and a dividend yield of 5.38%. Owens & Minor’s dividend payout ratio is presently 80.47%.

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Several research analysts have recently weighed in on the company. Jefferies Group LLC reissued a “hold” rating and issued a $32.00 price objective (down from $36.00) on shares of Owens & Minor in a research report on Wednesday, August 9th. Credit Suisse Group reissued an “underperform” rating and issued a $17.00 price objective (down from $31.00) on shares of Owens & Minor in a research report on Monday. UBS AG reissued a “sell” rating and issued a $29.50 price objective (down from $30.50) on shares of Owens & Minor in a research report on Thursday, August 3rd. BidaskClub lowered Owens & Minor from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Finally, Zacks Investment Research lowered Owens & Minor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Three investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. Owens & Minor currently has a consensus rating of “Hold” and an average price target of $27.25.

About Owens & Minor

Owens & Minor, Inc is a healthcare services company that connects the world of medical products to the point of care. The Company provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. The Company’s segments include Domestic, International and Clinical & Procedural Solutions (CPS).

Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

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