Fox Run Management L.L.C. Purchases Shares of 46,365 Owens & Minor, Inc. $OMI

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Owens & Minor, Inc., purchasing 46,365 shares valued at approximately $419,000, representing 0.06% ownership of the company.
• Several institutional investors significantly increased their holdings in Owens & Minor, with Sterling Capital Management boosting its stake by 758.3% during the last quarter.
• Owens & Minor reported disappointing earnings, with an EPS of $0.26, missing the consensus estimate of $0.27, while analysts have mixed ratings with a consensus target price of $8.29.

Fox Run Management L.L.C. acquired a new stake in Owens & Minor, Inc. (NYSE:OMI - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 46,365 shares of the company's stock, valued at approximately $419,000. Fox Run Management L.L.C. owned about 0.06% of Owens & Minor as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sterling Capital Management LLC increased its stake in Owens & Minor by 758.3% during the 4th quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock valued at $27,000 after buying an additional 1,820 shares during the period. Versant Capital Management Inc increased its stake in Owens & Minor by 537.6% during the 1st quarter. Versant Capital Management Inc now owns 3,201 shares of the company's stock valued at $29,000 after buying an additional 2,699 shares during the period. Parallel Advisors LLC increased its stake in Owens & Minor by 1,387.0% during the 1st quarter. Parallel Advisors LLC now owns 3,316 shares of the company's stock valued at $30,000 after buying an additional 3,093 shares during the period. Headlands Technologies LLC acquired a new position in Owens & Minor during the 1st quarter valued at about $55,000. Finally, GAMMA Investing LLC increased its stake in Owens & Minor by 713.4% during the 1st quarter. GAMMA Investing LLC now owns 9,265 shares of the company's stock valued at $84,000 after buying an additional 8,126 shares during the period. 98.04% of the stock is currently owned by institutional investors.

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.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of Owens & Minor from $10.00 to $7.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Baird R W raised shares of Owens & Minor from a "hold" rating to a "strong-buy" rating in a research note on Friday, August 8th. UBS Group set a $7.00 price objective on shares of Owens & Minor in a research note on Wednesday, August 13th. Bank of America lowered their price objective on shares of Owens & Minor from $7.50 to $4.75 and set an "underperform" rating on the stock in a research note on Tuesday, August 12th. Finally, Citigroup reaffirmed a "buy" rating and issued a $7.00 price objective (down previously from $11.00) on shares of Owens & Minor in a research note on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, Owens & Minor has a consensus rating of "Hold" and an average price target of $8.29.

Owens & Minor Trading Down 0.5%

Shares of OMI traded down $0.0250 during midday trading on Friday, hitting $5.0550. The stock had a trading volume of 1,825,574 shares, compared to its average volume of 1,520,723. Owens & Minor, Inc. has a fifty-two week low of $4.56 and a fifty-two week high of $16.63. The business has a 50-day simple moving average of $7.41 and a two-hundred day simple moving average of $7.67. The firm has a market cap of $390.45 million, a P/E ratio of -0.32 and a beta of 1.04. 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 (NYSE:OMI - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $681.90 million for the quarter, compared to analyst estimates of $2.73 billion. Owens & Minor had a positive return on equity of 26.59% and a negative net margin of 13.78%.The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.36 earnings per share. 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 year.

About Owens & Minor

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.