Metropolitan Life Insurance Co. NY lifted its position in Owens & Minor, Inc. (NYSE:OMI) by 360.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,967 shares of the company’s stock after buying an additional 15,635 shares during the quarter. Metropolitan Life Insurance Co. NY’s holdings in Owens & Minor were worth $126,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Weiss Multi Strategy Advisers LLC boosted its position in shares of Owens & Minor by 81.2% during the 4th quarter. Weiss Multi Strategy Advisers LLC now owns 20,000 shares of the company’s stock worth $127,000 after acquiring an additional 8,960 shares in the last quarter. Caxton Associates LP acquired a new stake in shares of Owens & Minor in the 4th quarter valued at about $278,000. Menta Capital LLC acquired a new stake in shares of Owens & Minor in the 4th quarter valued at about $85,000. Geode Capital Management LLC boosted its position in shares of Owens & Minor by 12.4% in the 4th quarter. Geode Capital Management LLC now owns 660,313 shares of the company’s stock valued at $4,179,000 after purchasing an additional 72,726 shares during the period. Finally, Magnus Financial Group LLC acquired a new stake in shares of Owens & Minor in the 4th quarter valued at about $80,000. Hedge funds and other institutional investors own 95.28% of the company’s stock.
Shares of NYSE OMI opened at $3.38 on Friday. The stock has a market capitalization of $213.01 million, a P/E ratio of 2.94, a PEG ratio of 1.71 and a beta of 1.66. The company has a quick ratio of 0.85, a current ratio of 1.72 and a debt-to-equity ratio of 3.18. Owens & Minor, Inc. has a 52-week low of $3.35 and a 52-week high of $19.16.
Owens & Minor (NYSE:OMI) last announced its earnings results on Tuesday, February 19th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). The firm had revenue of $2.54 billion during the quarter, compared to analyst estimates of $2.51 billion. Owens & Minor had a negative net margin of 4.44% and a positive return on equity of 8.99%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.38 earnings per share. As a group, research analysts forecast that Owens & Minor, Inc. will post 0.64 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.30%. The ex-dividend date was Thursday, March 14th. Owens & Minor’s dividend payout ratio is presently 0.87%.
OMI has been the subject of a number of research analyst reports. ValuEngine raised Owens & Minor from a “sell” rating to a “hold” rating in a research report on Saturday, February 2nd. UBS Group initiated coverage on Owens & Minor in a research report on Thursday, January 17th. They issued a “neutral” rating and a $8.00 target price for the company. Bank of America decreased their target price on Owens & Minor from $11.00 to $7.00 and set a “neutral” rating for the company in a research report on Thursday, January 3rd. Zacks Investment Research cut Owens & Minor from a “hold” rating to a “sell” rating in a research report on Tuesday, January 8th. Finally, Barclays reissued a “sell” rating and issued a $6.00 target price on shares of Owens & Minor in a research report on Sunday, January 6th. Two research analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $6.70.
TRADEMARK VIOLATION NOTICE: “Owens & Minor, Inc. (OMI) Shares Bought by Metropolitan Life Insurance Co. NY” was published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://www.dispatchtribunal.com/2019/04/21/owens-minor-inc-omi-shares-bought-by-metropolitan-life-insurance-co-ny.html.
Owens & Minor Profile
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company in the United States and internationally. It operates through two segments, Global Solutions and Global Products. The Global Solutions segment offers a portfolio of products and services to healthcare providers and manufacturers.
See Also: Earnings Reports
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. (NYSE:OMI).
Receive News & Ratings for Owens & Minor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor and related companies with MarketBeat.com's FREE daily email newsletter.