Owens & Minor, Inc. (NYSE:OMI) Major Shareholder Purchases $1,774,500.00 in Stock

Key Points

• Coliseum Capital Management acquired a total of $1,774,500 worth of shares in Owens & Minor, purchasing 325,000 shares at an average price of $5.46, increasing its ownership by 2.65%.
• Owens & Minor's stock recently traded at $5.41, with earnings per share of $0.26 reported for the last quarter, missing estimates by $0.01, while the company anticipates 1.51 earnings per share for the current fiscal year.
• A majority of analysts have rated Owens & Minor as a "Hold," with a target price average of $8.29, while recent estimates ranged from $7.00 to $10.00.

Owens & Minor, Inc. (NYSE:OMI - Get Free Report) major shareholder Coliseum Capital Management, L purchased 325,000 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The shares were bought at an average price of $5.46 per share, for a total transaction of $1,774,500.00. Following the completion of the purchase, the insider directly owned 12,607,955 shares in the company, valued at $68,839,434.30. This represents a 2.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.

Coliseum Capital Management, L also recently made the following trade(s):

• On Thursday, August 14th, Coliseum Capital Management, L acquired 492,852 shares of Owens & Minor stock. The stock was bought at an average price of $5.31 per share, with a total value of $2,617,044.12.
• On Tuesday, August 12th, Coliseum Capital Management, L bought 720,000 shares of Owens & Minor stock. The shares were purchased at an average price of $5.15 per share, for a total transaction of $3,708,000.00.

Owens & Minor Stock Performance

Shares of OMI stock traded up $0.08 during midday trading on Thursday, hitting $5.41. The company had a trading volume of 2,571,848 shares, compared to its average volume of 1,595,907. The company's 50 day simple moving average is $7.67 and its 200 day simple moving average is $7.96. Owens & Minor, Inc. has a 52-week low of $4.56 and a 52-week high of $16.63. The stock has a market cap of $417.48 million, a price-to-earnings ratio of -0.35, a PEG ratio of 0.38 and a beta of 1.04. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.86 and a quick ratio of 0.41.

Owens & Minor (NYSE:OMI - Get Free Report) last announced its earnings results on Monday, August 11th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Owens & Minor had a negative net margin of 13.78% and a positive return on equity of 26.59%. The company had revenue of $681.90 million during the quarter, compared to analysts' expectations of $2.73 billion. During the same quarter last year, the business posted $0.36 earnings per share. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. Research analysts anticipate that Owens & Minor, Inc. will post 1.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Owens & Minor

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. DekaBank Deutsche Girozentrale raised its position in Owens & Minor by 76.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company's stock worth $28,000 after acquiring an additional 1,356 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted 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 in the last quarter. Sterling Capital Management LLC grew its stake in shares of Owens & Minor by 758.3% during the 4th quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock worth $27,000 after purchasing an additional 1,820 shares during the period. Public Employees Retirement System of Ohio grew its stake in shares of Owens & Minor by 25.0% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,660 shares of the company's stock worth $88,000 after purchasing an additional 1,932 shares during the period. Finally, Legal & General Group Plc increased its holdings in shares of Owens & Minor by 0.9% in the 4th quarter. Legal & General Group Plc now owns 212,061 shares of the company's stock valued at $2,772,000 after purchasing an additional 1,991 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. set a $10.00 target price on Owens & Minor in a research report on Monday. Robert W. Baird decreased their price objective on Owens & Minor from $10.00 to $7.00 and set an "outperform" rating for the company in a report on Tuesday. Baird R W raised shares of Owens & Minor from a "hold" rating to a "strong-buy" rating in a report on Friday, August 8th. Citigroup reiterated a "buy" rating and issued a $7.00 price target (down previously from $11.00) on shares of Owens & Minor in a research report on Tuesday. Finally, UBS Group set a $7.00 price target on shares of Owens & Minor in a research report on Wednesday. Two investment 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 company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $8.29.

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.

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