MetLife Investment Management LLC Raises Holdings in Owens & Minor, Inc. (NYSE:OMI)

Posted by on Mar 2nd, 2023

MetLife Investment Management LLC grew its position in shares of Owens & Minor, Inc. (NYSE:OMI – Get Rating) by 6.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,244 shares of the company’s stock after purchasing an additional 2,324 shares during the period. MetLife Investment Management LLC owned approximately 0.05% of Owens & Minor worth $970,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Advisor Group Holdings Inc. grew its position in Owens & Minor by 10.1% in the first quarter. Advisor Group Holdings Inc. now owns 4,858 shares of the company’s stock worth $214,000 after acquiring an additional 444 shares in the last quarter. American Century Companies Inc. grew its position in Owens & Minor by 31.9% in the first quarter. American Century Companies Inc. now owns 29,981 shares of the company’s stock worth $1,320,000 after acquiring an additional 7,258 shares in the last quarter. US Bancorp DE grew its position in Owens & Minor by 67.4% in the first quarter. US Bancorp DE now owns 1,145 shares of the company’s stock worth $51,000 after acquiring an additional 461 shares in the last quarter. Natixis Advisors L.P. grew its position in Owens & Minor by 21.9% in the first quarter. Natixis Advisors L.P. now owns 14,557 shares of the company’s stock worth $641,000 after acquiring an additional 2,612 shares in the last quarter. Finally, Bank of Montreal Can grew its position in Owens & Minor by 20.0% in the first quarter. Bank of Montreal Can now owns 28,979 shares of the company’s stock worth $1,305,000 after acquiring an additional 4,823 shares in the last quarter.

Owens & Minor Stock Performance

Owens & Minor stock opened at $15.44 on Thursday. The company has a 50 day moving average price of $20.11 and a 200-day moving average price of $21.86. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.58 and a current ratio of 1.52. Owens & Minor, Inc. has a fifty-two week low of $14.10 and a fifty-two week high of $47.24. The company has a market capitalization of $1.18 billion, a PE ratio of 9.65, a P/E/G ratio of 2.00 and a beta of 0.61.

Owens & Minor (NYSE:OMI – Get Rating) last posted its quarterly earnings results on Tuesday, February 28th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.11). Owens & Minor had a net margin of 1.24% and a return on equity of 23.48%. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.46 billion. During the same period in the prior year, the firm posted $0.81 EPS. The business’s revenue was up 3.4% on a year-over-year basis. As a group, equities analysts forecast that Owens & Minor, Inc. will post 2.52 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. TheStreet lowered Owens & Minor from a “b-” rating to a “c” rating in a research report on Wednesday, November 2nd. Citigroup raised their price objective on shares of Owens & Minor from $18.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, November 3rd. Finally, Robert W. Baird decreased their price objective on shares of Owens & Minor from $23.00 to $18.00 and set a “neutral” rating for the company in a research note on Wednesday. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $18.40.

Owens & Minor Company Profile

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Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments. The Products and Healthcare Services segment includes medical distribution, the outsourced logistics and value-added services business, and global products, which manufacture and source medical surgical products through the production and kitting operations.

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Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

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