Fox Run Management L.L.C. Makes New Investment in 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. bought a new position in Owens & Minor, Inc. (NYSE:OMI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 46,365 shares of the company's stock, valued at approximately $419,000. Fox Run Management L.L.C. owned approximately 0.06% of Owens & Minor at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of OMI. Coliseum Capital Management LLC boosted its stake in Owens & Minor by 31.3% in the fourth quarter. Coliseum Capital Management LLC now owns 4,785,964 shares of the company's stock worth $62,553,000 after buying an additional 1,141,483 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Owens & Minor by 19.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,752,960 shares of the company's stock worth $24,859,000 after buying an additional 447,917 shares in the last quarter. Federated Hermes Inc. bought a new stake in Owens & Minor in the first quarter valued at approximately $3,870,000. Nuveen LLC bought a new stake in Owens & Minor in the first quarter valued at approximately $3,729,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its position in Owens & Minor by 133.1% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 703,050 shares of the company's stock valued at $6,349,000 after purchasing an additional 401,472 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.

Owens & Minor Trading Down 0.5%

Shares of Owens & Minor stock traded down $0.0250 during midday trading on Friday, reaching $5.0550. 1,825,574 shares of the company's stock traded hands, compared to its average volume of 1,966,980. 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 company has a market cap of $390.45 million, a PE ratio of -0.32 and a beta of 1.04. The stock has a 50 day moving average of $7.36 and a 200-day moving average of $7.63. Owens & Minor, Inc. has a 12 month low of $4.56 and a 12 month high of $16.63.

Owens & Minor (NYSE:OMI - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.01). The business had revenue of $681.90 million for the quarter, compared to the consensus estimate 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 in the prior year, the company earned $0.36 EPS. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. As a group, equities analysts expect that Owens & Minor, Inc. will post 1.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JPMorgan Chase & Co. set a $10.00 price objective on Owens & Minor in a research report on Monday, August 11th. Citigroup reiterated a "buy" rating and issued a $7.00 price objective (down previously from $11.00) on shares of Owens & Minor in a research report on Tuesday, August 12th. Robert W. Baird lowered their price objective on Owens & Minor from $10.00 to $7.00 and set an "outperform" rating for the company in a research report on Tuesday, August 12th. Baird R W upgraded Owens & Minor from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 8th. Finally, UBS Group set a $7.00 price objective on Owens & Minor in a research report on Wednesday, August 13th. One equities research 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 assigned a Sell rating to the company. Based on data from MarketBeat.com, Owens & Minor presently has a consensus rating of "Hold" and an average price target of $8.29.

Insider Activity at Owens & Minor

In other Owens & Minor news, major shareholder Coliseum Capital Management, L bought 720,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The stock was bought at an average price of $5.15 per share, for a total transaction of $3,708,000.00. Following the completion of the acquisition, the insider directly owned 12,282,955 shares in the company, valued at $63,257,218.25. The trade was a 6.23% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased a total of 1,537,852 shares of company stock worth $8,099,544 in the last ninety days. 3.69% of the stock is owned by corporate 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.