Owens & Minor, Inc. (OMI) Shares Bought by Cipher Capital LP
Cipher Capital LP increased its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 27.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 164,224 shares of the company’s stock after buying an additional 35,378 shares during the period. Cipher Capital LP owned 0.27% of Owens & Minor worth $5,287,000 as of its most recent filing with the SEC.
A number of other large investors also recently made changes to their positions in OMI. Bank of Montreal Can raised its stake in shares of Owens & Minor by 1.0% in the first quarter. Bank of Montreal Can now owns 34,212 shares of the company’s stock worth $1,183,000 after buying an additional 343 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of Owens & Minor by 2.3% in the first quarter. Macquarie Group Ltd. now owns 1,272,360 shares of the company’s stock worth $44,024,000 after buying an additional 29,095 shares during the last quarter. Dean Capital Management bought a new stake in shares of Owens & Minor during the first quarter worth $2,283,000. Alpha Windward LLC raised its stake in shares of Owens & Minor by 1.3% in the second quarter. Alpha Windward LLC now owns 13,980 shares of the company’s stock worth $450,000 after buying an additional 180 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Owens & Minor by 8.6% in the first quarter. Dimensional Fund Advisors LP now owns 2,567,308 shares of the company’s stock worth $88,828,000 after buying an additional 202,892 shares during the last quarter. Institutional investors own 97.82% of the company’s stock.
Shares of Owens & Minor, Inc. (NYSE:OMI) opened at 28.47 on Friday. The stock has a 50 day moving average of $29.58 and a 200 day moving average of $32.55. The company has a market cap of $1.74 billion, a price-to-earnings ratio of 18.11 and a beta of 1.01. Owens & Minor, Inc. has a 12-month low of $26.91 and a 12-month high of $37.02.
Owens & Minor (NYSE:OMI) last issued its quarterly earnings results on Tuesday, August 1st. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.38 billion. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The business’s quarterly revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.52 earnings per share. Analysts forecast that Owens & Minor, Inc. will post $1.92 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be given a dividend of $0.2575 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $1.03 annualized dividend and a dividend yield of 3.69%. Owens & Minor’s dividend payout ratio is presently 65.19%.
A number of equities research analysts recently weighed in on OMI shares. BidaskClub lowered shares of Owens & Minor from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Jefferies Group LLC set a $36.00 price objective on shares of Owens & Minor and gave the company a “hold” rating in a report on Monday, May 22nd. Zacks Investment Research lowered shares of Owens & Minor from a “hold” rating to a “sell” rating in a report on Friday, May 5th. TheStreet lowered shares of Owens & Minor from a “b” rating to a “c+” rating in a report on Thursday, May 4th. Finally, UBS AG reiterated a “sell” rating and set a $29.50 price objective (down previously from $30.50) on shares of Owens & Minor in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Owens & Minor currently has an average rating of “Hold” and an average price target of $31.10.
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).
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