Omnicom Group Inc. (OMC) Holdings Lifted by Balter Liquid Alternatives LLC
Balter Liquid Alternatives LLC boosted its stake in shares of Omnicom Group Inc. (NYSE:OMC) by 173.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,724 shares of the business services provider’s stock after buying an additional 5,528 shares during the quarter. Balter Liquid Alternatives LLC’s holdings in Omnicom Group were worth $635,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of OMC. SeaCrest Wealth Management LLC acquired a new position in Omnicom Group during the fourth quarter worth about $104,000. Eagle Ridge Investment Management acquired a new position in Omnicom Group during the third quarter worth about $201,000. Dynamic Technology Lab Private Ltd acquired a new position in Omnicom Group during the third quarter worth about $205,000. Cable Hill Partners LLC grew its position in Omnicom Group by 3,527.5% during the third quarter. Cable Hill Partners LLC now owns 2,902 shares of the business services provider’s stock worth $215,000 after buying an additional 2,822 shares during the period. Finally, Oak Point Wealth Management acquired a new position in Omnicom Group during the fourth quarter worth about $219,000. Institutional investors own 98.62% of the company’s stock.
Shares of Omnicom Group Inc. (NYSE:OMC) opened at $76.95 on Friday. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.90 and a quick ratio of 0.79. The company has a market cap of $17,499.74, a P/E ratio of 15.33, a PEG ratio of 2.47 and a beta of 1.20. Omnicom Group Inc. has a 1 year low of $65.32 and a 1 year high of $86.71.
In related news, insider Peter K. Sherman sold 8,310 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $74.31, for a total transaction of $617,516.10. Following the transaction, the insider now owns 21,271 shares of the company’s stock, valued at $1,580,648.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.
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Omnicom Group Company Profile
Omnicom Group Inc is a holding company. The Company provides advertising, marketing and corporate communications services. The Company’s branded networks and agencies operate in all markets around the world and provide a range of services, which it groups into four disciplines: advertising, customer relationship management (CRM), public relations and specialty communications.
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