Advisors Preferred LLC Purchases 53,529 Shares of Owens & Minor, Inc. (NYSE:OMI)

Advisors Preferred LLC boosted its holdings in shares of Owens & Minor, Inc. (NYSE:OMI) by 173.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,305 shares of the company’s stock after purchasing an additional 53,529 shares during the period. Advisors Preferred LLC owned 0.11% of Owens & Minor worth $1,083,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Marshall Wace LLP lifted its holdings in Owens & Minor by 38.4% in the second quarter. Marshall Wace LLP now owns 11,100 shares of the company’s stock valued at $150,000 after buying an additional 3,077 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Owens & Minor by 4.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,366 shares of the company’s stock worth $491,000 after acquiring an additional 1,709 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Owens & Minor in the 3rd quarter valued at about $494,000. Inspire Advisors LLC acquired a new position in shares of Owens & Minor during the 3rd quarter worth approximately $217,000. Finally, Blue Trust Inc. raised its stake in shares of Owens & Minor by 176.8% during the 3rd quarter. Blue Trust Inc. now owns 2,787 shares of the company’s stock worth $44,000 after purchasing an additional 1,780 shares in the last quarter. 98.04% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, CFO Jonathan A. Leon sold 5,282 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $11.82, for a total transaction of $62,433.24. Following the completion of the transaction, the chief financial officer now directly owns 130,822 shares of the company’s stock, valued at $1,546,316.04. This represents a 3.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.59% of the stock is currently owned by corporate insiders.

Owens & Minor Trading Up 0.0 %

OMI stock opened at $8.65 on Friday. Owens & Minor, Inc. has a 52-week low of $8.43 and a 52-week high of $28.35. The business has a 50-day simple moving average of $13.41 and a two-hundred day simple moving average of $14.12. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on OMI shares. Robert W. Baird reduced their price target on Owens & Minor from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday. Barclays decreased their price target on Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Tuesday, November 5th. UBS Group cut their target price on shares of Owens & Minor from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Finally, Citigroup reduced their price target on Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.50.

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.