Meeder Asset Management Inc. Reduces Position in Owens & Minor, Inc. (OMI)
Meeder Asset Management Inc. reduced its position in shares of Owens & Minor, Inc. (NYSE:OMI) by 25.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 32,407 shares of the company’s stock after selling 11,218 shares during the quarter. Meeder Asset Management Inc.’s holdings in Owens & Minor were worth $535,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN lifted its stake in Owens & Minor by 32.8% in the 3rd quarter. Wells Fargo & Company MN now owns 694,779 shares of the company’s stock worth $11,479,000 after acquiring an additional 171,561 shares in the last quarter. Engineers Gate Manager LP lifted its stake in Owens & Minor by 30.7% in the 3rd quarter. Engineers Gate Manager LP now owns 112,467 shares of the company’s stock worth $1,858,000 after acquiring an additional 26,393 shares in the last quarter. Smith Graham & Co. Investment Advisors LP lifted its stake in Owens & Minor by 18.9% in the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 793,375 shares of the company’s stock worth $13,107,000 after acquiring an additional 125,890 shares in the last quarter. Gilman Hill Asset Management LLC lifted its stake in Owens & Minor by 7.5% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 215,816 shares of the company’s stock worth $3,565,000 after acquiring an additional 15,010 shares in the last quarter. Finally, Penn Davis Mcfarland Inc. lifted its stake in Owens & Minor by 67.9% in the 3rd quarter. Penn Davis Mcfarland Inc. now owns 23,500 shares of the company’s stock worth $388,000 after acquiring an additional 9,500 shares in the last quarter. 88.95% of the stock is currently owned by institutional investors and hedge funds.
In other news, SVP Charles C. Colpo sold 12,000 shares of the firm’s stock in a transaction dated Monday, August 20th. The stock was sold at an average price of $16.31, for a total transaction of $195,720.00. Following the completion of the sale, the senior vice president now directly owns 31,944 shares of the company’s stock, valued at approximately $521,006.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Geoff Taylor Marlatt sold 8,516 shares of the firm’s stock in a transaction dated Thursday, August 16th. The stock was sold at an average price of $15.50, for a total value of $131,998.00. Following the sale, the senior vice president now directly owns 34,359 shares of the company’s stock, valued at $532,564.50. The disclosure for this sale can be found here. Insiders have sold a total of 31,516 shares of company stock valued at $513,288 over the last ninety days. Company insiders own 1.68% of the company’s stock.
Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Wednesday, October 31st. The company reported $0.32 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.32. Owens & Minor had a positive return on equity of 9.50% and a negative net margin of 1.57%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.54 billion. During the same period last year, the business earned $0.40 EPS. The business’s quarterly revenue was up 5.6% on a year-over-year basis. On average, research analysts forecast that Owens & Minor, Inc. will post 1.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Monday, December 17th will be paid a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a dividend yield of 3.30%. The ex-dividend date of this dividend is Friday, December 14th. Owens & Minor’s dividend payout ratio (DPR) is presently 64.60%.
OMI has been the subject of several research analyst reports. Jefferies Financial Group reissued a “hold” rating and issued a $8.50 price objective on shares of Owens & Minor in a research note on Friday, November 2nd. Leerink Swann set a $9.00 price objective on Owens & Minor and gave the stock a “hold” rating in a research note on Wednesday, October 31st. Bank of America downgraded Owens & Minor from a “buy” rating to a “neutral” rating in a research note on Wednesday, October 31st. Finally, Barclays reissued an “underweight” rating and issued a $8.00 price objective (down from $12.00) on shares of Owens & Minor in a research note on Thursday, November 1st. Five investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Owens & Minor currently has a consensus rating of “Sell” and a consensus target price of $13.58.
WARNING: “Meeder Asset Management Inc. Reduces Position in Owens & Minor, Inc. (OMI)” was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are viewing this news story on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark legislation. The original version of this news story can be accessed at https://theolympiareport.com/2018/11/11/meeder-asset-management-inc-reduces-position-in-owens-minor-inc-omi.html.
Owens & Minor Company Profile
Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare services company in the United States, the United Kingdom, Ireland, France, Germany, and other European countries. It operates through three segments: Domestic, International, and Proprietary Products. The company offers supply chain assistance to the providers of healthcare services; and the manufacturers of healthcare products, supplies, and devices.
Featured Story: Treasury Bonds
Want to see what other hedge funds are holding OMI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Owens & Minor, Inc. (NYSE:OMI).
Receive News & Ratings for Owens & Minor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor and related companies with MarketBeat.com's FREE daily email newsletter.