92,197 Shares in Owens & Minor, Inc. $OMI Bought by Cinctive Capital Management LP

Key Points

• Cinctive Capital Management LP acquired 92,197 shares in Owens & Minor, Inc., totaling approximately $833,000, increasing their ownership to 0.12% as of their recent SEC filing.
• Coliseum Capital Management LLC significantly boosted its stake in Owens & Minor by 122%, owning now 10,624,599 shares valued at nearly $95.9 million after purchasing additional shares.
• Owens & Minor reported a miss on earnings per share for the latest quarter, posting $0.26 while analysts expected $0.27, and set a disappointing FY 2025 guidance with 1.020-1.070 EPS.

Cinctive Capital Management LP bought a new stake in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 92,197 shares of the company's stock, valued at approximately $833,000. Cinctive Capital Management LP owned approximately 0.12% of Owens & Minor as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in OMI. Versant Capital Management Inc grew its stake in shares of Owens & Minor by 537.6% in the 1st quarter. Versant Capital Management Inc now owns 3,201 shares of the company's stock valued at $29,000 after purchasing an additional 2,699 shares during the period. Parallel Advisors LLC boosted its stake in shares of Owens & Minor by 1,387.0% in the 1st quarter. Parallel Advisors LLC now owns 3,316 shares of the company's stock valued at $30,000 after purchasing an additional 3,093 shares in the last quarter. Quarry LP bought a new stake in shares of Owens & Minor in the 1st quarter worth about $34,000. Headlands Technologies LLC acquired a new stake in shares of Owens & Minor during the 1st quarter worth about $55,000. Finally, GAMMA Investing LLC increased its holdings in shares of Owens & Minor by 713.4% during the first quarter. GAMMA Investing LLC now owns 9,265 shares of the company's stock worth $84,000 after buying an additional 8,126 shares in the last quarter. Institutional investors own 98.04% of the company's stock.

Insider Buying and Selling

In related news, major shareholder Coliseum Capital Management, L acquired 720,000 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was purchased at an average cost of $5.15 per share, with a total value of $3,708,000.00. Following the acquisition, the insider directly owned 12,282,955 shares of the company's stock, valued at approximately $63,257,218.25. The trade was a 6.23% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders acquired 1,537,852 shares of company stock worth $8,099,544. 3.69% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on OMI shares. Zacks Research downgraded Owens & Minor from a "hold" rating to a "strong sell" rating in a research report on Tuesday, September 2nd. Robert W. Baird lowered their price objective on shares of Owens & Minor from $10.00 to $7.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. JPMorgan Chase & Co. decreased their price target on shares of Owens & Minor from $7.00 to $6.00 and set an "underweight" rating on the stock in a research note on Wednesday, August 27th. Bank of America decreased their price target on Owens & Minor from $7.50 to $4.75 and set an "underperform" rating on the stock in a report on Tuesday, August 12th. Finally, UBS Group set a $7.00 target price on shares of Owens & Minor in a research note on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $7.63.

Owens & Minor Stock Down 2.9%

Shares of NYSE:OMI traded down $0.16 during mid-day trading on Thursday, reaching $5.32. 622,582 shares of the stock were exchanged, compared to its average volume of 1,544,057. The company has a market cap of $410.92 million, a P/E ratio of -0.34 and a beta of 1.03. The stock's 50 day simple moving average is $6.61 and its 200-day simple moving average is $7.42. Owens & Minor, Inc. has a one year low of $4.56 and a one year high of $16.47. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of 3.32.

Owens & Minor (NYSE:OMI - Get Free Report) last released its quarterly earnings results 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 negative net margin of 13.78% and a positive return on equity of 26.59%. The company had revenue of $681.90 million during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the company earned $0.36 earnings per share. The firm's revenue was up 3.3% compared to the same quarter last year. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. As a group, equities research analysts predict that Owens & Minor, Inc. will post 1.51 EPS for the current year.

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.