Charles Schwab Investment Management Inc. Has $24.86 Million Stock Position in Owens & Minor, Inc. $OMI

Key Points

• Charles Schwab Investment Management Inc. has increased its stake in Owens & Minor, Inc. by 19.4%, owning 2,752,960 shares valued at $24.86 million as of the latest SEC filing.
• Several hedge funds, including Sterling Capital Management and Parallel Advisors, have significantly increased their positions in Owens & Minor, reflecting growing institutional interest in the company.
• Owens & Minor reported $0.26 earnings per share for the quarter, missing analysts' estimates, while the company has set a fiscal year 2025 guidance of 1.020-1.070 EPS.

Charles Schwab Investment Management Inc. lifted its holdings in Owens & Minor, Inc. (NYSE:OMI - Free Report) by 19.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,752,960 shares of the company's stock after purchasing an additional 447,917 shares during the period. Charles Schwab Investment Management Inc. owned about 3.56% of Owens & Minor worth $24,859,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Sterling Capital Management LLC grew its stake in shares of Owens & Minor by 758.3% in the 4th quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock worth $27,000 after purchasing an additional 1,820 shares during the last quarter. Versant Capital Management Inc increased its position in shares of 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 acquiring an additional 2,699 shares in the last quarter. Parallel Advisors LLC increased its position in shares of 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 acquiring an additional 3,093 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Owens & Minor by 713.4% in the first quarter. GAMMA Investing LLC now owns 9,265 shares of the company's stock worth $84,000 after acquiring an additional 8,126 shares in the last quarter. Finally, Teacher Retirement System of Texas purchased a new position in shares of Owens & Minor in the first quarter worth approximately $96,000. Institutional investors and hedge funds own 98.04% of the company's stock.

Owens & Minor Stock Down 0.5%

Shares of OMI stock traded down $0.0250 during trading on Friday, hitting $5.0550. 1,825,574 shares of the company were exchanged, compared to its average volume of 1,902,901. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.83 and a current ratio of 0.86. The firm has a market capitalization of $390.45 million, a price-to-earnings ratio of -0.32 and a beta of 1.04. The business's 50-day simple moving average is $7.36 and its 200 day simple moving average is $7.65. Owens & Minor, Inc. has a twelve month low of $4.56 and a twelve month high of $16.63.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on OMI. UBS Group set a $7.00 target price on shares of Owens & Minor in a research report on Wednesday, August 13th. Robert W. Baird dropped their target price on shares of Owens & Minor from $10.00 to $7.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 12th. JPMorgan Chase & Co. set a $10.00 target price on shares of Owens & Minor in a research report on Monday, August 11th. Citigroup reissued a "buy" rating and issued a $7.00 target price (down from $11.00) on shares of Owens & Minor in a research report on Tuesday, August 12th. Finally, Bank of America dropped their target price on shares of Owens & Minor from $7.50 to $4.75 and set an "underperform" rating on the stock in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, Owens & Minor currently has a consensus rating of "Hold" and a consensus target price of $8.29.

Insider Transactions at Owens & Minor

In other Owens & Minor news, major shareholder Coliseum Capital Management, L bought 492,852 shares of Owens & Minor stock in a transaction on Thursday, August 14th. The stock was purchased at an average cost of $5.31 per share, for a total transaction 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. The trade was a 3.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 1,537,852 shares of company stock valued at $8,099,544 in the last ninety days. 3.69% of the stock is owned by insiders.

Owens & Minor 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.