Owens & Minor (NYSE:OMI) Stock Price Down 3.2% - Here's What Happened

Owens & Minor, Inc. (NYSE:OMI - Get Free Report)'s share price traded down 3.2% during mid-day trading on Wednesday . The company traded as low as $8.87 and last traded at $8.70. 26,646 shares were traded during mid-day trading, a decline of 98% from the average session volume of 1,189,361 shares. The stock had previously closed at $8.99.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup dropped their target price on shares of Owens & Minor from $13.00 to $11.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Robert W. Baird increased their target price on shares of Owens & Minor from $9.00 to $10.00 and gave the company a "neutral" rating in a report on Friday, June 6th. One 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. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $11.60.

Owens & Minor Price Performance

The company has a debt-to-equity ratio of 3.32, a current ratio of 1.13 and a quick ratio of 0.41. The company has a 50-day moving average price of $7.63 and a 200-day moving average price of $9.14. The firm has a market capitalization of $621.86 million, a PE ratio of -1.69, a P/E/G ratio of 0.38 and a beta of 1.40.

Owens & Minor (NYSE:OMI - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 17.09% and a negative net margin of 3.41%. During the same period in the prior year, the company earned $0.19 EPS. Owens & Minor's revenue for the quarter was up .7% compared to the same quarter last year. Sell-side analysts forecast that Owens & Minor, Inc. will post 1.51 EPS for the current year.

Institutional Trading of Owens & Minor

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC boosted its position in Owens & Minor by 713.4% during the first quarter. GAMMA Investing LLC now owns 9,265 shares of the company's stock worth $84,000 after acquiring an additional 8,126 shares during the last quarter. Cetera Investment Advisers acquired a new stake in Owens & Minor during the fourth quarter worth approximately $140,000. Coliseum Capital Management LLC boosted its position in Owens & Minor by 31.3% during the fourth quarter. Coliseum Capital Management LLC now owns 4,785,964 shares of the company's stock worth $62,553,000 after acquiring an additional 1,141,483 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 last quarter. Finally, Tower Research Capital LLC TRC boosted its position 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 acquiring an additional 2,112 shares during the last quarter. Institutional investors and hedge funds own 98.04% of the company's stock.

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.