NuWave Investment Management LLC Acquires New Position in Omnicom Group Inc. (OMC)
NuWave Investment Management LLC acquired a new position in Omnicom Group Inc. (NYSE:OMC) in the 4th quarter, HoldingsChannel reports. The firm acquired 7,173 shares of the business services provider’s stock, valued at approximately $522,000.
Several other institutional investors also recently modified their holdings of OMC. First Eagle Investment Management LLC raised its stake in shares of Omnicom Group by 12.4% in the third quarter. First Eagle Investment Management LLC now owns 15,101,129 shares of the business services provider’s stock worth $1,118,541,000 after purchasing an additional 1,671,452 shares during the last quarter. Longview Partners Guernsey LTD raised its stake in shares of Omnicom Group by 41.3% in the third quarter. Longview Partners Guernsey LTD now owns 5,653,698 shares of the business services provider’s stock worth $418,769,000 after purchasing an additional 1,653,208 shares during the last quarter. Mondrian Investment Partners LTD purchased a new stake in shares of Omnicom Group in the fourth quarter worth approximately $51,393,000. Amundi Pioneer Asset Management Inc. purchased a new stake in shares of Omnicom Group in the third quarter worth approximately $39,649,000. Finally, Jensen Investment Management Inc. raised its stake in shares of Omnicom Group by 14.6% in the third quarter. Jensen Investment Management Inc. now owns 4,008,440 shares of the business services provider’s stock worth $296,905,000 after purchasing an additional 509,685 shares during the last quarter. 98.62% of the stock is owned by hedge funds and other institutional investors.
In other Omnicom Group news, insider Peter K. Sherman sold 8,310 shares of the stock in a transaction on Monday, December 11th. The stock was sold at an average price of $74.31, for a total transaction of $617,516.10. Following the completion of the transaction, the insider now directly owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.10% of the stock is currently owned by corporate insiders.
Omnicom Group Inc. (OMC) opened at $78.78 on Tuesday. The stock has a market capitalization of $17,739.49, a P/E ratio of 15.48, a PEG ratio of 2.51 and a beta of 1.20. The company has a quick ratio of 0.79, a current ratio of 0.90 and a debt-to-equity ratio of 1.62. Omnicom Group Inc. has a twelve month low of $65.32 and a twelve month high of $86.71.
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About Omnicom Group
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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