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Owens & Minor, Inc. (NYSE:OMI) Given Consensus Rating of "Hold" by Brokerages

Owens & Minor logo with Medical background

Shares of Owens & Minor, Inc. (NYSE:OMI - Get Free Report) have earned an average rating of "Hold" from the six ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $12.33.

A number of equities analysts recently commented on OMI shares. JPMorgan Chase & Co. cut their price objective 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. Citigroup cut 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. Finally, Robert W. Baird lifted their price objective on Owens & Minor from $9.00 to $10.00 and gave the stock a "neutral" rating in a research report on Friday, June 6th.

Check Out Our Latest Stock Report on OMI

Insider Activity

In other Owens & Minor news, major shareholder Coliseum Capital Management, L purchased 160,000 shares of the firm's stock in a transaction on Thursday, April 3rd. The stock was acquired at an average price of $8.53 per share, for a total transaction of $1,364,800.00. Following the purchase, the insider now owns 10,784,599 shares of the company's stock, valued at $91,992,629.47. This trade represents a 1.51% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders bought a total of 625,000 shares of company stock worth $4,909,150 in the last three months. Company insiders own 3.69% of the company's stock.

Institutional Investors Weigh In On Owens & Minor

A number of institutional investors and hedge funds have recently made changes to their positions in OMI. Cetera Investment Advisers purchased a new position in shares of Owens & Minor during the fourth quarter valued at approximately $140,000. Coliseum Capital Management LLC lifted its position in shares of Owens & Minor by 31.3% during the fourth quarter. Coliseum Capital Management LLC now owns 4,785,964 shares of the company's stock valued at $62,553,000 after purchasing an additional 1,141,483 shares in the last quarter. Tower Research Capital LLC TRC boosted its holdings in Owens & Minor by 11.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 20,259 shares of the company's stock worth $265,000 after purchasing an additional 2,112 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Owens & Minor by 4.0% in 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. Finally, Barclays PLC increased its stake in Owens & Minor by 354.8% in the 3rd quarter. Barclays PLC now owns 133,702 shares of the company's stock valued at $2,099,000 after buying an additional 104,305 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

Owens & Minor Trading Down 5.1%

NYSE OMI traded down $0.40 during trading hours on Friday, reaching $7.52. The company's stock had a trading volume of 1,481,024 shares, compared to its average volume of 1,184,782. The firm has a fifty day simple moving average of $7.11 and a 200-day simple moving average of $9.73. The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.41. Owens & Minor has a 52 week low of $6.07 and a 52 week high of $17.30. The stock has a market cap of $580.92 million, a P/E ratio of -1.58, a P/E/G ratio of 0.35 and a beta of 1.31.

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 (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. Owens & Minor had a negative net margin of 3.41% and a positive return on equity of 17.09%. Owens & Minor's revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. Equities analysts forecast that Owens & Minor will post 1.51 earnings per share for the current fiscal year.

Owens & Minor announced that its Board of Directors has approved a stock buyback plan on Friday, February 28th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 13.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its stock is undervalued.

About Owens & Minor

(Get Free Report

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.

Further Reading

Analyst Recommendations for Owens & Minor (NYSE:OMI)

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