Sei Investments Co. boosted its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 36.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,721 shares of the company’s stock after buying an additional 8,459 shares during the period. Sei Investments Co. owned about 0.05% of Owens & Minor worth $1,022,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Meadow Creek Investment Management LLC increased its stake in Owens & Minor by 23.0% in the first quarter. Meadow Creek Investment Management LLC now owns 3,300 shares of the company’s stock valued at $114,000 after buying an additional 616 shares in the last quarter. Creative Planning increased its stake in Owens & Minor by 2.9% in the second quarter. Creative Planning now owns 4,021 shares of the company’s stock valued at $129,000 after buying an additional 113 shares in the last quarter. Glen Harbor Capital Management LLC increased its stake in Owens & Minor by 23.0% in the first quarter. Glen Harbor Capital Management LLC now owns 4,200 shares of the company’s stock valued at $145,000 after buying an additional 784 shares in the last quarter. LS Investment Advisors LLC increased its stake in Owens & Minor by 17.1% in the second quarter. LS Investment Advisors LLC now owns 4,987 shares of the company’s stock valued at $161,000 after buying an additional 727 shares in the last quarter. Finally, Elkfork Partners LLC increased its stake in Owens & Minor by 23.0% in the first quarter. Elkfork Partners LLC now owns 5,100 shares of the company’s stock valued at $176,000 after buying an additional 952 shares in the last quarter. Hedge funds and other institutional investors own 97.82% of the company’s stock.

Shares of Owens & Minor, Inc. (OMI) opened at 27.94 on Friday. The firm’s 50-day moving average price is $29.58 and its 200 day moving average price is $32.55. The stock has a market cap of $1.71 billion, a P/E ratio of 17.77 and a beta of 1.01. Owens & Minor, Inc. has a one year low of $26.91 and a one year high of $37.02.

Owens & Minor (NYSE:OMI) last posted 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. Owens & Minor had a net margin of 1.02% and a return on equity of 11.64%. The firm had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.38 billion. During the same quarter in the prior year, the business posted $0.52 earnings per share. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. Equities research analysts expect that Owens & Minor, Inc. will post $1.92 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be given a $0.2575 dividend. This represents a $1.03 annualized dividend and a yield of 3.69%. The ex-dividend date of this dividend is Thursday, September 14th. Owens & Minor’s dividend payout ratio (DPR) is presently 65.19%.

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Several equities research analysts have weighed in on OMI shares. BidaskClub upgraded Owens & Minor from a “sell” rating to a “hold” rating in a report on Tuesday, June 13th. Zacks Investment Research upgraded Owens & Minor from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Jefferies Group LLC restated a “hold” rating and set a $32.00 price target (down previously from $36.00) on shares of Owens & Minor in a report on Wednesday, August 9th. UBS AG restated a “sell” rating and set a $29.50 price target (down previously from $30.50) on shares of Owens & Minor in a report on Wednesday, August 9th. Finally, TheStreet downgraded Owens & Minor from a “b” rating to a “c+” rating in a report on Thursday, May 4th. Three analysts have rated the stock with a sell rating, one has issued a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $31.88.

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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