Free Trial

Victory Capital Management Inc. Has $1.76 Million Stock Holdings in Owens & Minor, Inc. (NYSE:OMI)

Owens & Minor logo with Medical background

Key Points

  • Victory Capital Management Inc. increased its stake in Owens & Minor, Inc. by 67.6%, acquiring an additional 78,495 shares, bringing its total to 194,678 shares valued at approximately $1.76 million.
  • Owens & Minor reported an earnings per share of $0.23 for the latest quarter, surpassing analysts' expectations, with a revenue increase of 0.7% year-over-year.
  • The company's stock has an average rating of "Hold" from analysts, with a consensus target price of $11.60, despite a recent price target decrease by Citigroup from $13.00 to $11.00.
  • MarketBeat previews the top five stocks to own by September 1st.

Victory Capital Management Inc. increased its position in Owens & Minor, Inc. (NYSE:OMI - Free Report) by 67.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 194,678 shares of the company's stock after purchasing an additional 78,495 shares during the quarter. Victory Capital Management Inc. owned approximately 0.25% of Owens & Minor worth $1,758,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its position 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 worth $410,000 after purchasing an additional 15,898 shares during the period. GAMMA Investing LLC lifted its stake in Owens & Minor by 713.4% in the 1st quarter. GAMMA Investing LLC now owns 9,265 shares of the company's stock valued at $84,000 after acquiring an additional 8,126 shares in the last quarter. Cetera Investment Advisers bought a new stake in Owens & Minor in the 4th quarter valued at approximately $140,000. Coliseum Capital Management LLC lifted its stake in Owens & Minor by 31.3% in the 4th quarter. Coliseum Capital Management LLC now owns 4,785,964 shares of the company's stock valued at $62,553,000 after acquiring an additional 1,141,483 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Owens & Minor by 4.0% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,930 shares of the company's stock worth $561,000 after purchasing an additional 1,662 shares during the last quarter. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Owens & Minor Stock Performance

Shares of OMI stock traded down $0.32 during trading on Friday, reaching $6.61. 1,226,432 shares of the company's stock were exchanged, compared to its average volume of 1,441,052. The company has a quick ratio of 0.41, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The stock has a market capitalization of $510.66 million, a PE ratio of -1.39, a PEG ratio of 0.31 and a beta of 1.40. Owens & Minor, Inc. has a twelve month low of $6.07 and a twelve month high of $16.63. The firm's fifty day moving average price is $7.79 and its 200-day moving average price is $8.56.

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, topping analysts' consensus estimates of $0.20 by $0.03. Owens & Minor had a positive return on equity of 17.09% and a negative net margin of 3.41%. Owens & Minor's revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 EPS. As a group, sell-side analysts anticipate that Owens & Minor, Inc. will post 1.51 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on OMI. Citigroup lowered their price target on Owens & Minor from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Robert W. Baird boosted their price target on Owens & Minor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $11.60.

Get Our Latest Stock Report on OMI

About Owens & Minor

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Owens & Minor (NYSE:OMI)

Should You Invest $1,000 in Owens & Minor Right Now?

Before you consider Owens & Minor, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Owens & Minor wasn't on the list.

While Owens & Minor currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines