AQR Capital Management LLC Buys 400,833 Shares of Owens & Minor, Inc. $OMI

Key Points

• AQR Capital Management LLC increased its stake in Owens & Minor, acquiring an additional 400,833 shares for a total of 634,914 shares, marking a 171.2% increase in ownership.
• Major shareholder Coliseum Capital Management purchased 492,852 shares at an average price of $5.31 per share, increasing their stake by 3.91%.
• Owens & Minor reported $0.26 earnings per share, missing estimates of $0.27, and has set a FY 2025 EPS guidance of 1.020-1.070.

AQR Capital Management LLC grew its stake in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) by 171.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 634,914 shares of the company's stock after acquiring an additional 400,833 shares during the period. AQR Capital Management LLC owned 0.82% of Owens & Minor worth $5,733,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Owens & Minor by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,930 shares of the company's stock valued at $561,000 after acquiring an additional 1,662 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Owens & Minor by 537.6% in the first quarter. Versant Capital Management Inc now owns 3,201 shares of the company's stock worth $29,000 after purchasing an additional 2,699 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Owens & Minor by 1,387.0% in the first quarter. Parallel Advisors LLC now owns 3,316 shares of the company's stock worth $30,000 after purchasing an additional 3,093 shares in the last quarter. Quarry LP bought a new stake in Owens & Minor in the first quarter worth $34,000. Finally, State of Wyoming boosted its holdings in Owens & Minor by 21.2% in the first quarter. State of Wyoming now owns 28,105 shares of the company's stock worth $254,000 after purchasing an additional 4,907 shares in the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Owens & Minor

In related news, major shareholder Coliseum Capital Management, L purchased 492,852 shares of the firm's stock in a transaction dated Thursday, August 14th. The shares were acquired at an average cost of $5.31 per share, with a total value of $2,617,044.12. Following the completion of the purchase, the insider directly owned 13,100,807 shares of the company's stock, valued at $69,565,285.17. This trade represents a 3.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 1,537,852 shares of company stock worth $8,099,544 over the last quarter. 3.69% of the stock is owned by corporate insiders.

Owens & Minor Price Performance

NYSE:OMI traded up $0.16 during mid-day trading on Thursday, hitting $5.55. The company's stock had a trading volume of 2,457,315 shares, compared to its average volume of 1,880,367. The company has a market capitalization of $428.91 million, a price-to-earnings ratio of -0.36 and a beta of 1.03. The stock has a fifty day moving average of $6.19 and a 200-day moving average of $7.32. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 3.32. Owens & Minor, Inc. has a fifty-two week low of $4.56 and a fifty-two week high of $16.43.

Owens & Minor (NYSE:OMI - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Owens & Minor had a positive return on equity of 26.59% and a negative net margin of 13.78%.The firm had revenue of $681.90 million for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the previous year, the business posted $0.36 EPS. The business's quarterly revenue was up 3.3% on a year-over-year basis. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. As a group, equities analysts forecast that Owens & Minor, Inc. will post 1.51 EPS for the current fiscal year.

Analyst Ratings Changes

OMI has been the subject of a number of recent research reports. Citigroup reiterated a "buy" rating and issued a $7.00 price objective (down from $11.00) on shares of Owens & Minor in a report on Tuesday, August 12th. Bank of America decreased their price objective on shares of Owens & Minor from $7.50 to $4.75 and set an "underperform" rating for the company in a report on Tuesday, August 12th. Baird R W upgraded shares of Owens & Minor from a "hold" rating to a "strong-buy" rating in a report on Friday, August 8th. Zacks Research cut shares of Owens & Minor from a "hold" rating to a "strong sell" rating in a report on Tuesday, September 2nd. Finally, UBS Group set a $7.00 price target on shares of Owens & Minor in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, Owens & Minor currently has a consensus rating of "Hold" and an average price target of $7.63.

Owens & Minor Company Profile

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.