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

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

Several research analysts recently issued reports on OMI shares. Citigroup reduced their price target on shares of Owens & Minor from $13.00 to $11.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. UBS Group lowered their price target on shares of Owens & Minor from $25.00 to $13.00 and set a "buy" rating for the company in a report on Thursday, February 13th. JPMorgan Chase & Co. cut their price target on Owens & Minor from $14.00 to $10.00 and set an "underweight" rating on the stock in a research note on Monday, March 10th. Finally, Robert W. Baird upped 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.

Insider Transactions at Owens & Minor

In other Owens & Minor news, major shareholder Coliseum Capital Management, L acquired 1,738,511 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were acquired at an average price of $9.39 per share, with a total value of $16,324,618.29. Following the purchase, the insider now owns 9,469,698 shares of the company's stock, valued at $88,920,464.22. This represents a 22.49% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders purchased 2,718,412 shares of company stock worth $24,495,308. 3.69% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Owens & Minor

Several institutional investors and hedge funds have recently modified their holdings of the business. Inspire Advisors LLC grew its position in shares of Owens & Minor by 11.2% in the 4th quarter. Inspire Advisors LLC now owns 15,350 shares of the company's stock valued at $201,000 after purchasing an additional 1,548 shares during the period. Blue Trust Inc. raised its holdings in shares of Owens & Minor by 57.4% during the fourth quarter. Blue Trust Inc. now owns 4,387 shares of the company's stock worth $57,000 after acquiring an additional 1,600 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Owens & Minor by 4.0% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,930 shares of the company's stock worth $561,000 after acquiring an additional 1,662 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Owens & Minor by 758.3% during the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock worth $27,000 after acquiring an additional 1,820 shares during the period. Finally, Legal & General Group Plc raised its holdings in shares of Owens & Minor by 0.9% during the fourth quarter. Legal & General Group Plc now owns 212,061 shares of the company's stock worth $2,772,000 after acquiring an additional 1,991 shares during the period. 98.04% of the stock is currently owned by institutional investors and hedge funds.

Owens & Minor Price Performance

NYSE:OMI traded down $0.43 on Tuesday, reaching $6.45. The stock had a trading volume of 1,127,347 shares, compared to its average volume of 1,138,574. The stock has a fifty day moving average price of $7.61 and a 200-day moving average price of $10.36. Owens & Minor has a 1-year low of $6.07 and a 1-year high of $17.78. The company has a market capitalization of $498.29 million, a P/E ratio of -9.92, a price-to-earnings-growth ratio of 0.20 and a beta of 1.38. The company has a quick ratio of 0.45, a current ratio of 1.09 and a debt-to-equity ratio of 2.11.

Owens & Minor (NYSE:OMI - Get Free Report) last released its quarterly earnings results on Saturday, May 10th. The company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates 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%. During the same quarter in the previous year, the business posted $0.19 earnings per share. Owens & Minor's revenue was up .7% on a year-over-year basis. Research analysts forecast that Owens & Minor will post 1.51 EPS for the current year.

Owens & Minor declared that its board has initiated a stock buyback program on Friday, February 28th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 13.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's management believes its shares are undervalued.

About Owens & Minor

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.