Pzena Investment Management Trimmed Owens & Minor (OMI) Position; Loeb Partners Decreased At&T (T) Position By $4.36 Million

December 6, 2017 - By Clifton Ray

Pzena Investment Management Llc decreased Owens & Minor Inc (OMI) stake by 0.77% reported in 2017Q2 SEC filing. Pzena Investment Management Llc sold 12,184 shares as Owens & Minor Inc (OMI)’s stock declined 7.79%. The Pzena Investment Management Llc holds 1.57M shares with $50.46 million value, down from 1.58M last quarter. Owens & Minor Inc now has $1.17B valuation. The stock decreased 1.34% or $0.26 during the last trading session, reaching $19.16. About 1.52M shares traded or 24.11% up from the average. Owens & Minor, Inc. (NYSE:OMI) has declined 11.64% since December 6, 2016 and is downtrending. It has underperformed by 28.34% the S&P500.

Loeb Partners Corporation decreased At&T Inc (T) stake by 52.53% reported in 2017Q2 SEC filing. Loeb Partners Corporation sold 117,903 shares as At&T Inc (T)’s stock declined 7.81%. The Loeb Partners Corporation holds 106,558 shares with $4.02M value, down from 224,461 last quarter. At&T Inc now has $224.38B valuation. The stock decreased 1.93% or $0.72 during the last trading session, reaching $36.55. About 33.06 million shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since December 6, 2016 and is downtrending. It has underperformed by 17.22% the S&P500.

Among 7 analysts covering Owens & Minor (NYSE:OMI), 0 have Buy rating, 3 Sell and 4 Hold. Therefore 0 are positive. Owens & Minor had 12 analyst reports since August 25, 2015 according to SRatingsIntel. Credit Suisse maintained it with “Underperform” rating and $17 target in Monday, November 20 report. The rating was downgraded by Robert W. Baird on Thursday, April 21 to “Underperform”. The stock has “Sell” rating by UBS on Thursday, October 6. On Monday, April 24 the stock rating was maintained by Jefferies with “Hold”. Robert W. Baird upgraded the shares of OMI in report on Friday, September 1 to “Neutral” rating. The stock of Owens & Minor, Inc. (NYSE:OMI) earned “Hold” rating by Jefferies on Friday, July 7. As per Monday, December 7, the company rating was maintained by RBC Capital Markets. Zacks downgraded Owens & Minor, Inc. (NYSE:OMI) on Tuesday, August 25 to “Hold” rating. The stock of Owens & Minor, Inc. (NYSE:OMI) has “Hold” rating given on Thursday, November 2 by Leerink Swann. The stock of Owens & Minor, Inc. (NYSE:OMI) earned “Hold” rating by Jefferies on Monday, September 11.

Investors sentiment increased to 1.46 in Q2 2017. Its up 0.10, from 1.36 in 2017Q1. It increased, as 28 investors sold OMI shares while 68 reduced holdings. 33 funds opened positions while 107 raised stakes. 59.07 million shares or 0.45% less from 59.34 million shares in 2017Q1 were reported. 242,400 were accumulated by Axa. 1.09M were reported by Mackenzie Financial Corporation. Wells Fargo And Company Mn stated it has 0.01% in Owens & Minor, Inc. (NYSE:OMI). Foster & Motley stated it has 10,608 shares or 0.06% of all its holdings. Sentinel Asset Mgmt Inc holds 0.34% or 437,198 shares. Cna Financial has invested 0.31% in Owens & Minor, Inc. (NYSE:OMI). Aqr Cap Management Lc invested in 8,631 shares or 0% of the stock. Bessemer Gru accumulated 69,037 shares. Winslow Evans Crocker reported 49 shares. Rowland & Com Counsel Adv owns 0% invested in Owens & Minor, Inc. (NYSE:OMI) for 36,752 shares. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% in Owens & Minor, Inc. (NYSE:OMI). Susquehanna Grp Inc Limited Liability Partnership stated it has 0% in Owens & Minor, Inc. (NYSE:OMI). Barclays Public Ltd Co reported 25,232 shares. Walleye Trading Lc holds 0% or 4,754 shares in its portfolio. Louisiana State Employees Retirement Sys stated it has 16,000 shares.

Pzena Investment Management Llc increased Voya Financial Inc. (NYSE:VOYA) stake by 23,534 shares to 12.83 million valued at $473.12 million in 2017Q2. It also upped Willis Towers Watson Plc stake by 90,591 shares and now owns 1.33 million shares. Tcf Financial Corp (NYSE:TCB) was raised too.

Analysts await Owens & Minor, Inc. (NYSE:OMI) to report earnings on February, 13. They expect $0.51 earnings per share, down 1.92% or $0.01 from last year’s $0.52 per share. OMI’s profit will be $31.25M for 9.39 P/E if the $0.51 EPS becomes a reality. After $0.40 actual earnings per share reported by Owens & Minor, Inc. for the previous quarter, Wall Street now forecasts 27.50% EPS growth.

Analysts await AT&T Inc. (NYSE:T) to report earnings on January, 24. They expect $0.66 earnings per share, 0.00% or $0.00 from last year’s $0.66 per share. T’s profit will be $4.05 billion for 13.84 P/E if the $0.66 EPS becomes a reality. After $0.74 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts -10.81% negative EPS growth.

Loeb Partners Corporation increased Select Sector Spdr Tr (XLK) stake by 15,000 shares to 30,000 valued at $1.64 million in 2017Q2. It also upped Williams Cos Inc Del (NYSE:WMB) stake by 31,900 shares and now owns 51,850 shares. Johnson & Johnson (NYSE:JNJ) was raised too.

Among 29 analysts covering AT&T Inc. (NYSE:T), 10 have Buy rating, 1 Sell and 18 Hold. Therefore 34% are positive. AT&T Inc. has $54 highest and $35 lowest target. $41.29’s average target is 12.97% above currents $36.55 stock price. AT&T Inc. had 67 analyst reports since July 27, 2015 according to SRatingsIntel. Independent Research upgraded the shares of T in report on Tuesday, October 25 to “Hold” rating. Citigroup maintained it with “Buy” rating and $42 target in Monday, March 14 report. The rating was maintained by Jefferies on Tuesday, August 22 with “Buy”. On Friday, July 24 the stock rating was maintained by FBR Capital with “Mkt Perform”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Thursday, January 26 report. DA Davidson maintained the stock with “Buy” rating in Monday, March 7 report. The rating was maintained by Deutsche Bank with “Buy” on Monday, November 14. The stock of AT&T Inc. (NYSE:T) has “Hold” rating given on Monday, October 2 by RBC Capital Markets. The firm earned “Neutral” rating on Thursday, July 13 by Bank of America. The firm has “Outperform” rating given on Wednesday, April 27 by Cowen & Co.

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