18,508 Shares in Owens & Minor, Inc. (OMI) Acquired by Caxton Associates LP

Caxton Associates LP purchased a new position in Owens & Minor, Inc. (NYSE:OMI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,508 shares of the company’s stock, valued at approximately $596,000.

Several other large investors have also added to or reduced their stakes in OMI. Flinton Capital Management LLC grew its stake in shares of Owens & Minor by 62.7% in the second quarter. Flinton Capital Management LLC now owns 3,904 shares of the company’s stock worth $126,000 after purchasing an additional 1,504 shares in the last quarter. Creative Planning grew its stake in shares of Owens & Minor by 2.9% in the second quarter. Creative Planning now owns 4,021 shares of the company’s stock worth $129,000 after purchasing an additional 113 shares in the last quarter. LS Investment Advisors LLC grew its stake in shares of Owens & Minor by 17.1% in the second quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock worth $161,000 after purchasing 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 second quarter worth $171,000. Finally, North Star Investment Management Corp. grew its stake in shares of Owens & Minor by 121.0% in the second quarter. North Star Investment Management Corp. now owns 5,667 shares of the company’s stock worth $182,000 after purchasing an additional 3,103 shares in the last quarter. 97.77% of the stock is owned by institutional investors.

WARNING: “18,508 Shares in Owens & Minor, Inc. (OMI) Acquired by Caxton Associates LP” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2017/10/10/18508-shares-in-owens-minor-inc-omi-acquired-by-caxton-associates-lp.html.

Several research firms have recently issued reports on OMI. BidaskClub raised Owens & Minor from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reissued a “hold” rating and issued a $32.00 price target (down previously from $36.00) on shares of Owens & Minor in a research note on Wednesday, August 9th. UBS AG reissued a “sell” rating and issued a $29.50 price target (down previously from $30.50) on shares of Owens & Minor in a research note on Thursday, August 3rd. Zacks Investment Research cut Owens & Minor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Robert W. Baird raised Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Friday, September 1st. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.10.

Shares of Owens & Minor, Inc. (NYSE:OMI) traded up 0.14% on Tuesday, reaching $28.34. The company had a trading volume of 61,508 shares. The company has a 50-day moving average price of $28.44 and a 200-day moving average price of $31.23. Owens & Minor, Inc. has a one year low of $26.91 and a one year high of $37.02. The firm has a market cap of $1.74 billion, a P/E ratio of 18.03 and a beta of 1.03.

Owens & Minor (NYSE:OMI) last released its earnings results on Tuesday, August 1st. The company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.38 billion. Owens & Minor had a return on equity of 11.64% and a net margin of 1.02%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, analysts expect that Owens & Minor, Inc. will post $1.92 earnings per share for the current fiscal year.

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Several other large investors have also added to or reduced their stakes in OMI. Flinton Capital Management LLC grew its stake in shares of Owens & Minor by 62.7% in the second quarter. Flinton Capital Management LLC now owns 3,904 shares of the company’s stock worth $126,000 after purchasing an additional 1,504 shares in the last quarter. Creative Planning grew its stake in shares of Owens & Minor by 2.9% in the second quarter. Creative Planning now owns 4,021 shares of the company’s stock worth $129,000 after purchasing an additional 113 shares in the last quarter. LS Investment Advisors LLC grew its stake in shares of Owens & Minor by 17.1% in the second quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock worth $161,000 after purchasing 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 second quarter worth $171,000. Finally, North Star Investment Management Corp. grew its stake in shares of Owens & Minor by 121.0% in the second quarter. North Star Investment Management Corp. now owns 5,667 shares of the company’s stock worth $182,000 after purchasing an additional 3,103 shares in the last quarter. 97.77% of the stock is owned by institutional investors.

WARNING: “18,508 Shares in Owens & Minor, Inc. (OMI) Acquired by Caxton Associates LP” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this piece on another domain, it was stolen and reposted in violation of US and international trademark and copyright laws. The original version of this piece can be read at https://ledgergazette.com/2017/10/10/18508-shares-in-owens-minor-inc-omi-acquired-by-caxton-associates-lp.html.

Several research firms have recently issued reports on OMI. BidaskClub raised Owens & Minor from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Jefferies Group LLC reissued a “hold” rating and issued a $32.00 price target (down previously from $36.00) on shares of Owens & Minor in a research note on Wednesday, August 9th. UBS AG reissued a “sell” rating and issued a $29.50 price target (down previously from $30.50) on shares of Owens & Minor in a research note on Thursday, August 3rd. Zacks Investment Research cut Owens & Minor from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Finally, Robert W. Baird raised Owens & Minor from an “underperform” rating to a “neutral” rating and set a $28.00 price target for the company in a research note on Friday, September 1st. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $31.10.

Shares of Owens & Minor, Inc. (NYSE:OMI) traded up 0.14% on Tuesday, reaching $28.34. The company had a trading volume of 61,508 shares. The company has a 50-day moving average price of $28.44 and a 200-day moving average price of $31.23. Owens & Minor, Inc. has a one year low of $26.91 and a one year high of $37.02. The firm has a market cap of $1.74 billion, a P/E ratio of 18.03 and a beta of 1.03.

Owens & Minor (NYSE:OMI) last released its earnings results on Tuesday, August 1st. The company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The company had revenue of $2.27 billion during the quarter, compared to the consensus estimate of $2.38 billion. Owens & Minor had a return on equity of 11.64% and a net margin of 1.02%. The firm’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, analysts expect that Owens & Minor, Inc. will post $1.92 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a dividend of $0.2575 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.03 dividend on an annualized basis and a dividend yield of 3.64%. Owens & Minor’s payout ratio is currently 65.19%.

Owens & Minor Company Profile

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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