Owens & Minor, Inc. (NYSE:OMI) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) by 7,245.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 83,663 shares of the company's stock after acquiring an additional 82,524 shares during the quarter. GAMMA Investing LLC owned approximately 0.11% of Owens & Minor worth $755,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted 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 purchasing an additional 2,699 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Owens & Minor by 29.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 219,761 shares of the company's stock valued at $2,872,000 after buying an additional 50,184 shares in the last quarter. Voloridge Investment Management LLC boosted its holdings in Owens & Minor by 24.2% in the 4th quarter. Voloridge Investment Management LLC now owns 243,525 shares of the company's stock worth $3,183,000 after buying an additional 47,459 shares during the period. Squarepoint Ops LLC bought a new position in Owens & Minor in the 4th quarter worth $381,000. Finally, State of Wyoming increased its stake in Owens & Minor by 35.3% in the 4th quarter. State of Wyoming now owns 23,198 shares of the company's stock worth $303,000 after buying an additional 6,050 shares in the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Owens & Minor news, major shareholder Coliseum Capital Management, L acquired 240,000 shares of Owens & Minor stock in a transaction that occurred on Monday, April 7th. The stock was bought at an average price of $7.84 per share, with a total value of $1,881,600.00. Following the completion of the purchase, the insider now directly owns 11,152,955 shares of the company's stock, valued at approximately $87,439,167.20. This represents a 2.20% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased 625,000 shares of company stock valued at $4,909,150 in the last ninety days. Insiders own 3.69% of the company's stock.

Owens & Minor Price Performance

NYSE OMI traded down $0.08 during trading on Thursday, hitting $7.46. 1,467,717 shares of the stock traded hands, compared to its average volume of 1,187,892. The company has a quick ratio of 0.41, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. Owens & Minor, Inc. has a 12-month low of $6.07 and a 12-month high of $17.30. The firm has a 50-day simple moving average of $7.11 and a 200-day simple moving average of $9.71. The company has a market capitalization of $576.48 million, a P/E ratio of -1.57, a price-to-earnings-growth ratio of 0.33 and a beta of 1.31.

Owens & Minor (NYSE:OMI - Get Free Report) last posted its earnings results on Saturday, May 10th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.03. Owens & Minor had a negative net margin of 3.41% and a positive return on equity of 17.09%. During the same period last year, the firm earned $0.19 earnings per share. The business's revenue was up .7% on a year-over-year basis. As a group, analysts predict that Owens & Minor, Inc. will post 1.51 EPS for the current year.

Owens & Minor declared that its board has initiated a share repurchase plan on Friday, February 28th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 13.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have recently commented on OMI shares. JPMorgan Chase & Co. lowered their price objective on Owens & Minor from $14.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, March 10th. Robert W. Baird lifted their target price on Owens & Minor from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, June 6th. Finally, Citigroup dropped their price target on Owens & Minor from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $12.33.

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.