Owens & Minor, Inc. (NYSE:OMI) Receives Average Rating of "Hold" from Analysts

Shares of Owens & Minor, Inc. (NYSE:OMI - Get Free Report) have earned a consensus rating of "Hold" from the six research firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $12.50.

A number of brokerages have issued reports on OMI. Robert W. Baird increased their price target on Owens & Minor from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. Citigroup decreased their target price on Owens & Minor from $13.00 to $11.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. JPMorgan Chase & Co. dropped their price target on shares of Owens & Minor from $14.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, March 10th. Finally, UBS Group reduced their price objective on shares of Owens & Minor from $25.00 to $13.00 and set a "buy" rating for the company in a research report on Thursday, February 13th.

Insider Activity at Owens & Minor

In other Owens & Minor news, major shareholder Coliseum Capital Management, L acquired 354,901 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was purchased at an average cost of $9.19 per share, for a total transaction of $3,261,540.19. Following the transaction, the insider now owns 9,824,599 shares of the company's stock, valued at $90,288,064.81. The trade was a 3.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders bought 2,718,412 shares of company stock worth $24,495,308. 3.69% of the stock is owned by corporate insiders.

Institutional Trading of Owens & Minor

Institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC lifted its position in Owens & Minor by 758.3% in the 4th quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock worth $27,000 after buying an additional 1,820 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Owens & Minor by 537.6% in the first quarter. Versant Capital Management Inc now owns 3,201 shares of the company's stock worth $29,000 after acquiring an additional 2,699 shares during the last quarter. Parallel Advisors LLC raised its holdings in shares of Owens & Minor by 1,387.0% during the first quarter. Parallel Advisors LLC now owns 3,316 shares of the company's stock worth $30,000 after acquiring an additional 3,093 shares in the last quarter. Quarry LP acquired a new stake in Owens & Minor during the first quarter valued at $34,000. Finally, Headlands Technologies LLC purchased a new position in Owens & Minor in the first quarter valued at about $55,000. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Owens & Minor Stock Down 4.1%

NYSE:OMI opened at $7.08 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11. The stock has a 50 day moving average of $7.82 and a 200-day moving average of $10.52. The firm has a market capitalization of $546.97 million, a PE ratio of -10.89, a price-to-earnings-growth ratio of 0.20 and a beta of 1.38. Owens & Minor has a 52 week low of $6.07 and a 52 week high of $18.91.

Owens & Minor (NYSE:OMI - Get Free Report) last issued its earnings results on Saturday, May 10th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.20 by $0.03. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. Owens & Minor's quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $0.19 EPS. Analysts predict that Owens & Minor will post 1.51 EPS for the current year.

Owens & Minor announced that its board has initiated a share buyback plan on Friday, February 28th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 13.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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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