Owens & Minor, Inc. $OMI Shares Acquired by Coliseum Capital Management LLC

Key Points

• Coliseum Capital Management LLC significantly increased its stake in Owens & Minor, raising its holdings by 122.0% to become its 5th largest position, owning approximately 10.6 million shares worth about $95.9 million.
• Insiders, including Coliseum Capital, have demonstrated confidence in the company by acquiring 1.5 million shares over the past ninety days, increasing ownership to 3.69% by insiders.
• Owens & Minor reported earnings per share of $0.26 for the previous quarter, missing expectations, with a revenue decrease compared to the previous year, leading analysts to downgrade the stock to a "strong sell."

Coliseum Capital Management LLC raised its position in Owens & Minor, Inc. (NYSE:OMI - Free Report) by 122.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,624,599 shares of the company's stock after purchasing an additional 5,838,635 shares during the quarter. Owens & Minor makes up approximately 8.0% of Coliseum Capital Management LLC's holdings, making the stock its 5th biggest position. Coliseum Capital Management LLC owned about 13.75% of Owens & Minor worth $95,940,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its stake in Owens & Minor by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 45,360 shares of the company's stock valued at $410,000 after purchasing an additional 15,898 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Owens & Minor by 713.4% during the 1st 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. Paradigm Capital Management Inc. NY bought a new stake in shares of Owens & Minor during the 1st quarter worth about $542,000. Cetera Investment Advisers bought a new stake in Owens & Minor during the 4th quarter valued at approximately $140,000. Finally, Vanguard Group Inc. boosted its stake in Owens & Minor by 2.7% during the 1st quarter. Vanguard Group Inc. now owns 9,156,759 shares of the company's stock valued at $82,686,000 after purchasing an additional 241,003 shares during the period. Hedge funds and other institutional investors own 98.04% of the company's stock.

Insider Buying and Selling at Owens & Minor

In related news, major shareholder Coliseum Capital Management, L acquired 720,000 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were bought at an average cost of $5.15 per share, with a total value of $3,708,000.00. Following the completion of the transaction, the insider directly owned 12,282,955 shares of the company's stock, valued at $63,257,218.25. This trade represents a 6.23% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have bought 1,537,852 shares of company stock valued at $8,099,544 over the last 90 days. 3.69% of the stock is owned by corporate insiders.

Owens & Minor Stock Up 0.4%

Shares of Owens & Minor stock traded up $0.02 on Tuesday, hitting $5.40. The company had a trading volume of 839,327 shares, compared to its average volume of 1,540,163. The firm has a market capitalization of $417.10 million, a P/E ratio of -0.35 and a beta of 1.03. Owens & Minor, Inc. has a twelve month low of $4.56 and a twelve month high of $16.47. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.86 and a quick ratio of 0.83. The stock has a 50-day moving average of $6.76 and a 200-day moving average of $7.45.

Owens & Minor (NYSE:OMI - Get Free Report) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). Owens & Minor had a positive return on equity of 26.59% and a negative net margin of 13.78%.The firm had revenue of $681.90 million for the quarter, compared to the consensus estimate of $2.73 billion. During the same period last year, the company posted $0.36 earnings per share. The business'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. Research analysts predict that Owens & Minor, Inc. will post 1.51 earnings per share for the current year.

Analyst Upgrades and Downgrades

OMI has been the subject of several recent analyst reports. Zacks Research downgraded Owens & Minor from a "hold" rating to a "strong sell" rating in a research note on Tuesday, September 2nd. UBS Group set a $7.00 price target on Owens & Minor in a research note on Wednesday, August 13th. JPMorgan Chase & Co. decreased their price target on Owens & Minor from $7.00 to $6.00 and set an "underweight" rating on the stock in a research note on Wednesday, August 27th. Baird R W raised Owens & Minor from a "hold" rating to a "strong-buy" rating in a report on Friday, August 8th. Finally, Robert W. Baird dropped their price target on Owens & Minor from $10.00 to $7.00 and set an "outperform" rating for the company in a report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and three have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $7.63.

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.