Owens & Minor (NYSE:OMI) Rating Reaffirmed
Owens & Minor (NYSE:OMI) just had their share rating of a ‘Sector Perform’ issued by research analysts at RBC Capital Mkts, who now has a $36 Estimated Target Price on the $2.34B market cap company or a -3.25% downside potential. This key information was revealed to clients and investors in a very recent research note on 7 December.
The stock decreased 0.88% or $0.33 on December 4, striking $37.21. Approximately shares of stock traded hands. Owens & Minor, Inc. (NYSE:OMI) has risen 9.54% since May 4, 2015 and is uptrending. It has outperformed by 10.62% the S&P500.
The overall sentiment of institutions has decreased to 0.99 in Q2 2015. Its down 0.21, from 1.2 in 2015Q2. The ratio dropped, as 23 institutions have sold all the shares of Owens & Minor, Inc. that they owned while 88 funds have taken shares off the table. 31 funds have purchased shares for the first time while 79 added to their positions. These institutions now hold 59.36 million shares or 4.17% less than the 61.94 million shares they owned in 2015Q2.
The Fund Sector Gamma As currently is holding shares equating to 2.77% of its total portfolio in Owens & Minor, Inc. representing a total of 320,752 shares. Another fund,Adirondack Research & Management Inc., is holding a total of 173,942 shares equating to 2.13% of their holdings. Additionally, Heartland Advisors Inc has a 1.42 million share stake in Owens & Minor, Inc. which represents 1.67% of their total portfolio. The Fund, Dean Capital Management, based out of Kansas, has also built up a stake in the stock, which represents a total of 1.52% of their total portfolio. Finally Fort Washington Investment Advisors Inc Oh, a fund which is based in the state of Ohio reported a total holdings of 2.21 million shares.
Insider activity is a very important aspect to track on any stock. Going back to April 30, 2015, shareholders of Owens & Minor, Inc. have witnessed 0 insider purchases, and a total of 2 sales equating to a net activity of approximately $895,423 . Colpo Charles C sold 10,763 shares worth approximately $374,789. Smith Craig R sold 15,000 shares worth approximately $520,634. Lowry Michael Wayne sold 1,110 shares worth approximately $38,291.
Owens & Minor, Inc. is a healthcare logistics company. The company has a market cap of $2.34 billion. The Firm provides supply chain assistance to the providers of healthcare services and the manufacturers of healthcare products, supplies and devices. It has 27.29 P/E ratio. The Firm operates in two divisions: Domestic and International.
According to Zacks Investment Research, “Owens & Minor, Inc. is one of the nation’s largest distributors of national name brand medical/surgical supplies. With distribution centers located throughout the United States, the company serves hospitals, integrated healthcare systems and group purchasing organizations. In addition to a diverse product offering, Owens & Minor offers innovative services in supply chain management, logistics and technology, helping customers control healthcare costs and improve inventory management.” Get a free copy of the Zacks research report on Owens & Minor, Inc. (OMI).