Owens & Minor (NYSE:OMI) Sets New 52-Week High at $28.19

Owens & Minor, Inc. (NYSE:OMI - Get Free Report)'s share price hit a new 52-week high during trading on Thursday . The company traded as high as $28.19 and last traded at $28.15, with a volume of 26810 shares changing hands. The stock had previously closed at $27.79.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on OMI. SVB Leerink began coverage on Owens & Minor in a research note on Monday, February 26th. They issued a "market perform" rating and a $24.00 price objective for the company. StockNews.com upgraded Owens & Minor from a "hold" rating to a "buy" rating in a report on Wednesday, February 21st. Citigroup raised their target price on Owens & Minor from $23.00 to $24.00 and gave the company a "neutral" rating in a report on Wednesday, February 21st. TheStreet upgraded Owens & Minor from a "d+" rating to a "c-" rating in a report on Monday, March 4th. Finally, UBS Group dropped their target price on Owens & Minor from $28.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, January 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $22.29.

Owens & Minor Stock Down 4.0 %

The stock has a fifty day moving average of $23.70 and a 200 day moving average of $20.08. The firm has a market capitalization of $2.04 billion, a P/E ratio of -49.41, a price-to-earnings-growth ratio of 0.85 and a beta of 0.43. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 0.52.

Owens & Minor (NYSE:OMI - Get Free Report) last released its earnings results on Tuesday, February 20th. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.66 by $0.03. Owens & Minor had a positive return on equity of 11.62% and a negative net margin of 0.40%. The business had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the business posted $0.28 earnings per share. The business's revenue for the quarter was up 4.1% on a year-over-year basis. On average, research analysts anticipate that Owens & Minor, Inc. will post 1.54 EPS for the current fiscal year.

Insider Buying and Selling

In related news, SVP Michael Wayne Lowry sold 10,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the transaction, the senior vice president now directly owns 71,654 shares in the company, valued at $1,791,350. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other Owens & Minor news, SVP Jonathan A. Leon sold 7,500 shares of Owens & Minor stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $18.08, for a total transaction of $135,600.00. Following the completion of the sale, the senior vice president now owns 83,213 shares of the company's stock, valued at $1,504,491.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael Wayne Lowry sold 10,000 shares of Owens & Minor stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the senior vice president now directly owns 71,654 shares of the company's stock, valued at approximately $1,791,350. The disclosure for this sale can be found here. 3.59% of the stock is owned by company insiders.

Institutional Investors Weigh In On Owens & Minor

Several hedge funds have recently added to or reduced their stakes in OMI. Nomura Asset Management Co. Ltd. lifted its stake in Owens & Minor by 68.3% during the first quarter. Nomura Asset Management Co. Ltd. now owns 1,700 shares of the company's stock worth $25,000 after purchasing an additional 690 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in Owens & Minor during the third quarter worth about $29,000. Quest Partners LLC bought a new stake in Owens & Minor during the fourth quarter worth about $41,000. Quarry LP lifted its stake in Owens & Minor by 38.8% during the fourth quarter. Quarry LP now owns 2,573 shares of the company's stock worth $50,000 after purchasing an additional 719 shares during the last quarter. Finally, US Bancorp DE lifted its stake in shares of Owens & Minor by 67.4% in the 1st quarter. US Bancorp DE now owns 1,145 shares of the company's stock valued at $51,000 after acquiring an additional 461 shares during the last quarter. Institutional investors own 98.04% of the company's stock.

Owens & Minor Company Profile

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.