Inspire Advisors LLC Has $201,000 Holdings in Owens & Minor, Inc. (NYSE:OMI)

Inspire Advisors LLC grew its stake in Owens & Minor, Inc. (NYSE:OMI) by 11.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,350 shares of the company’s stock after buying an additional 1,548 shares during the quarter. Inspire Advisors LLC’s holdings in Owens & Minor were worth $201,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Owens & Minor by 57.4% in the fourth quarter. Blue Trust Inc. now owns 4,387 shares of the company’s stock valued at $57,000 after buying an additional 1,600 shares during the period. KBC Group NV boosted its holdings in Owens & Minor by 98.2% during the fourth quarter. KBC Group NV now owns 4,434 shares of the company’s stock worth $58,000 after purchasing an additional 2,197 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Owens & Minor by 844.1% during the third quarter. Meeder Asset Management Inc. now owns 9,016 shares of the company’s stock worth $141,000 after purchasing an additional 8,061 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its holdings in Owens & Minor by 34.2% during the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 25,917 shares of the company’s stock worth $339,000 after purchasing an additional 6,609 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its holdings in Owens & Minor by 16.3% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 26,302 shares of the company’s stock worth $344,000 after purchasing an additional 3,688 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Insider Buying and Selling

In other Owens & Minor news, major shareholder Coliseum Capital Management, L purchased 354,901 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $9.19 per share, with a total value of $3,261,540.19. Following the completion of the transaction, the insider now owns 9,824,599 shares in the company, valued at $90,288,064.81. The trade was a 3.75 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.59% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on OMI shares. JPMorgan Chase & Co. reduced their target price on shares of Owens & Minor from $14.00 to $10.00 and set an “underweight” rating for the company in a report on Monday. UBS Group reduced their target price on shares of Owens & Minor from $25.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, Robert W. Baird increased their target price on shares of Owens & Minor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.75.

Owens & Minor Price Performance

Shares of OMI opened at $9.45 on Thursday. The firm has a market capitalization of $729.60 million, a PE ratio of -14.53, a PEG ratio of 0.20 and a beta of 0.61. The company’s 50-day moving average is $11.00 and its 200-day moving average is $12.90. Owens & Minor, Inc. has a fifty-two week low of $6.07 and a fifty-two week high of $28.35. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Friday, February 28th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $2.70 billion for the quarter, compared to analyst estimates of $2.68 billion. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The company’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.69 earnings per share. Equities analysts forecast that Owens & Minor, Inc. will post 1.51 EPS for the current year.

Owens & Minor declared that its board has approved a share repurchase program on Friday, February 28th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase up to 13.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

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.