Owens & Minor, Inc. (NYSE:OMI - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.30 and traded as high as $9.55. Owens & Minor shares last traded at $9.42, with a volume of 1,834,754 shares.
Wall Street Analysts Forecast Growth
Several brokerages have weighed in on OMI. Citigroup cut their price target on Owens & Minor from $13.00 to $11.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Robert W. Baird increased their price objective on Owens & Minor from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. dropped their price objective on Owens & Minor from $14.00 to $10.00 and set an "underweight" rating on the stock in a report on Monday, March 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $11.60.
Get Our Latest Stock Analysis on OMI
Owens & Minor Trading Down 1.7%
The firm has a market cap of $705.29 million, a PE ratio of -1.92, a P/E/G ratio of 0.40 and a beta of 1.40. The company has a current ratio of 1.13, a quick ratio of 0.41 and a debt-to-equity ratio of 3.32. The business has a fifty day moving average price of $7.49 and a 200 day moving average price of $9.22.
Owens & Minor (NYSE:OMI - Get Free Report) last announced its earnings results on Saturday, May 10th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.03. Owens & Minor had a positive return on equity of 17.09% and a negative net margin of 3.41%. The company's revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share. Analysts forecast that Owens & Minor, Inc. will post 1.51 EPS for the current year.
Insider Transactions at Owens & Minor
In other news, major shareholder Coliseum Capital Management, L purchased 240,000 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of $7.84 per share, for a total transaction of $1,881,600.00. Following the purchase, the insider directly owned 11,152,955 shares of the company's stock, valued at $87,439,167.20. This represents a 2.20% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.69% of the stock is owned by corporate insiders.
Institutional Trading of Owens & Minor
A number of hedge funds have recently added to or reduced their stakes in the stock. Coliseum Capital Management LLC lifted its position in Owens & Minor by 122.0% during the 1st quarter. Coliseum Capital Management LLC now owns 10,624,599 shares of the company's stock worth $95,940,000 after acquiring an additional 5,838,635 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Owens & Minor by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 9,156,759 shares of the company's stock valued at $82,686,000 after buying an additional 241,003 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Owens & Minor by 19.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,752,960 shares of the company's stock valued at $24,859,000 after buying an additional 447,917 shares during the period. Invesco Ltd. lifted its holdings in shares of Owens & Minor by 19.9% in the 1st quarter. Invesco Ltd. now owns 1,716,895 shares of the company's stock valued at $15,504,000 after buying an additional 285,060 shares during the period. Finally, Kennedy Capital Management LLC lifted its holdings in shares of Owens & Minor by 15.5% in the 4th quarter. Kennedy Capital Management LLC now owns 1,216,859 shares of the company's stock valued at $15,904,000 after buying an additional 163,184 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.
Owens & Minor Company Profile
(
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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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