Heartwood Wealth Advisors LLC Purchases Shares of 9,394 Owens & Minor, Inc. (NYSE:OMI)

Heartwood Wealth Advisors LLC acquired a new stake in Owens & Minor, Inc. (NYSE:OMI) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 9,394 shares of the company’s stock, valued at approximately $260,000.

A number of other hedge funds and other institutional investors have also modified their holdings of OMI. New York State Common Retirement Fund raised its stake in Owens & Minor by 14.6% during the 3rd quarter. New York State Common Retirement Fund now owns 58,008 shares of the company’s stock worth $937,000 after acquiring an additional 7,397 shares in the last quarter. Swiss National Bank increased its stake in Owens & Minor by 1.0% in the third quarter. Swiss National Bank now owns 159,100 shares of the company’s stock valued at $2,571,000 after purchasing an additional 1,500 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Owens & Minor by 8.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 786,749 shares of the company’s stock worth $12,714,000 after buying an additional 59,128 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Owens & Minor by 16.1% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 21,087 shares of the company’s stock worth $341,000 after buying an additional 2,924 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in Owens & Minor by 278.0% during the third quarter. Deutsche Bank AG now owns 694,248 shares of the company’s stock worth $11,219,000 after buying an additional 510,596 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Alexander J. Bruni sold 10,568 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $17.76, for a total value of $187,687.68. Following the transaction, the chief financial officer now directly owns 49,950 shares in the company, valued at approximately $887,112. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, Director Mark A. Beck sold 9,344 shares of Owens & Minor stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $17.25, for a total value of $161,184.00. Following the sale, the director now directly owns 11,154 shares in the company, valued at approximately $192,406.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Alexander J. Bruni sold 10,568 shares of Owens & Minor stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $17.76, for a total transaction of $187,687.68. Following the completion of the sale, the chief financial officer now owns 49,950 shares in the company, valued at $887,112. The disclosure for this sale can be found here. Insiders sold a total of 36,923 shares of company stock valued at $686,911 in the last ninety days. Corporate insiders own 2.62% of the company’s stock.

Analyst Upgrades and Downgrades

OMI has been the topic of a number of research analyst reports. Barclays boosted their price objective on shares of Owens & Minor from $21.00 to $23.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 21st. Citigroup boosted their price objective on shares of Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Leerink Partnrs reaffirmed a “market perform” rating on shares of Owens & Minor in a research report on Monday, February 26th. TheStreet raised shares of Owens & Minor from a “d+” rating to a “c-” rating in a research report on Monday, March 4th. Finally, SVB Leerink initiated coverage on shares of Owens & Minor in a research report on Monday, February 26th. They set a “market perform” rating and a $24.00 price target for the company. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $23.29.

Owens & Minor Stock Up 0.6 %

Shares of OMI stock traded up $0.11 on Tuesday, hitting $17.09. The stock had a trading volume of 690,008 shares, compared to its average volume of 676,474. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of -33.53, a P/E/G ratio of 0.54 and a beta of 0.33. The stock’s 50 day moving average is $20.41 and its 200-day moving average is $21.62. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.56 and a current ratio of 1.16. Owens & Minor, Inc. has a 52-week low of $13.64 and a 52-week high of $28.35.

Owens & Minor (NYSE:OMI) last announced its earnings results on Friday, May 3rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The business had revenue of $2.61 billion during the quarter, compared to the consensus estimate of $2.61 billion. Owens & Minor had a negative net margin of 0.37% and a positive return on equity of 12.97%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.05 earnings per share. As a group, research analysts expect that Owens & Minor, Inc. will post 1.53 earnings per share for the current year.

About Owens & Minor

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.