Owens & Minor, Inc. (NYSE:OMI - Get Free Report) was up 5.3% on Monday . The stock traded as high as $7.93 and last traded at $7.91. Approximately 137,386 shares were traded during trading, a decline of 91% from the average daily volume of 1,578,422 shares. The stock had previously closed at $7.51.
Analyst Ratings Changes
OMI has been the subject of a number of recent research reports. Robert W. Baird lifted their target price on Owens & Minor from $10.00 to $11.00 and gave the stock a "neutral" rating in a report on Monday, March 3rd. Citigroup cut their price objective 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. JPMorgan Chase & Co. lowered their target price on shares of Owens & Minor from $14.00 to $10.00 and set an "underweight" rating for the company in a report on Monday, March 10th. Finally, UBS Group dropped their price target on shares of Owens & Minor from $25.00 to $13.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Owens & Minor currently has an average rating of "Hold" and an average target price of $12.50.
Get Our Latest Stock Analysis on OMI
Owens & Minor Trading Up 0.4 %
The stock has a market capitalization of $542.33 million, a P/E ratio of -10.80, a PEG ratio of 0.20 and a beta of 1.38. The stock's fifty day moving average price is $8.13 and its 200 day moving average price is $10.79. The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45.
Owens & Minor (NYSE:OMI - Get Free Report) last issued its earnings results on Saturday, May 10th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.03. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. Owens & Minor's revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.19 EPS. Research analysts forecast that Owens & Minor, Inc. will post 1.51 earnings per share for the current year.
Owens & Minor declared that its board has initiated a share repurchase program 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 shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its shares are undervalued.
Insider Activity
In other Owens & Minor news, major shareholder Coliseum Capital Management, L acquired 1,738,511 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $9.39 per share, with a total value of $16,324,618.29. Following the completion of the acquisition, the insider now directly owns 9,469,698 shares in the company, valued at $88,920,464.22. This represents a 22.49 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have bought 2,718,412 shares of company stock worth $24,495,308. Company insiders own 3.69% of the company's stock.
Institutional Trading of Owens & Minor
Hedge funds have recently bought and sold shares of the stock. Sterling Capital Management LLC lifted its stake in shares of Owens & Minor by 758.3% during the 4th quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock worth $27,000 after purchasing an additional 1,820 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Owens & Minor by 537.6% during the first quarter. Versant Capital Management Inc now owns 3,201 shares of the company's stock valued at $29,000 after buying an additional 2,699 shares during the last quarter. Parallel Advisors LLC lifted its position 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 valued at $30,000 after buying an additional 3,093 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Owens & Minor in the 1st quarter worth approximately $55,000. Finally, Blue Trust Inc. grew its position in shares of Owens & Minor by 57.4% in the 4th quarter. Blue Trust Inc. now owns 4,387 shares of the company's stock worth $57,000 after buying an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors own 98.04% of the company's stock.
About Owens & Minor
(
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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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