40,420 Shares in Owens & Minor, Inc. (NYSE:OMI) Bought by XTX Topco Ltd

Key Points

• XTX Topco Ltd acquired a new stake in Owens & Minor, Inc., purchasing 40,420 shares valued at approximately $365,000, representing about 0.05% ownership as of the latest filing.
• Several institutional investors, including Federated Hermes Inc. and Advisors Preferred LLC, also significantly increased their stakes in Owens & Minor during the same period.
• Owens & Minor reported a quarterly EPS of $0.23, exceeding analysts' estimates, with revenue growth of 0.7% year-over-year despite a negative net margin of 3.41%.

XTX Topco Ltd bought a new position in shares of Owens & Minor, Inc. (NYSE:OMI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 40,420 shares of the company's stock, valued at approximately $365,000. XTX Topco Ltd owned about 0.05% of Owens & Minor at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC increased its holdings 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 buying an additional 15,898 shares in the last quarter. GAMMA Investing LLC increased its holdings in Owens & Minor by 713.4% in the first 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 in the last quarter. Cetera Investment Advisers purchased a new position in Owens & Minor in the fourth quarter valued at $140,000. Coliseum Capital Management LLC increased its holdings 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 valued at $62,553,000 after buying an additional 1,141,483 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Owens & Minor by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,930 shares of the company's stock valued at $561,000 after buying an additional 1,662 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Owens & Minor Price Performance

Shares of NYSE:OMI traded up $0.80 during midday trading on Tuesday, hitting $5.43. The company had a trading volume of 4,695,721 shares, compared to its average volume of 1,289,887. Owens & Minor, Inc. has a twelve month low of $4.56 and a twelve month high of $16.63. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.86 and a quick ratio of 0.41. The stock has a market cap of $419.39 million, a price-to-earnings ratio of -0.35, a price-to-earnings-growth ratio of 0.20 and a beta of 1.04. The business's 50-day simple moving average is $7.74 and its 200-day simple moving average is $8.04.

Owens & Minor (NYSE:OMI - Get Free Report) last released its quarterly earnings data 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 analyst estimates of $2.73 billion. During the same quarter in the previous year, the business posted $0.36 earnings per share. Owens & Minor's revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts predict that Owens & Minor, Inc. will post 1.51 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on OMI shares. JPMorgan Chase & Co. set a $10.00 price objective on shares of Owens & Minor in a report on Monday. Baird R W upgraded shares of Owens & Minor from a "hold" rating to a "strong-buy" rating in a research report on Friday. Robert W. Baird reduced their price objective on shares of Owens & Minor from $10.00 to $7.00 and set an "outperform" rating for the company in a research report on Tuesday. Bank of America reduced their price objective on shares of Owens & Minor from $7.50 to $4.75 and set an "underperform" rating for the company in a research report on Tuesday. Finally, Citigroup restated a "buy" rating and issued a $7.00 target price (down previously from $11.00) on shares of Owens & Minor in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $9.29.

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.