Owens & Minor Target of Unusually High Options Trading (NYSE:OMI)

Key Points

• Owens & Minor experienced an **unusual spike in options trading**, with traders buying 17,751 call options, a **1,529% increase** compared to the average daily volume.
• The company's stock price fell to **$6.37**, with a market capitalization of **$491.70 million** and a **negative net margin of 3.41%** reported in the latest earnings data.
• **Analysts have mixed ratings** on Owens & Minor, with a consensus rating of "Hold" and an average target price of **$11.60**, reflecting cautious optimism among investors.

Owens & Minor, Inc. (NYSE:OMI - Get Free Report) was the target of unusually large options trading on Tuesday. Investors purchased 17,751 call options on the stock. Thisisanincreaseof1,529% compared to the typical daily volume of 1,090 call options.

Owens & Minor Stock Up 0.5%

OMI stock traded up $0.04 during midday trading on Thursday, hitting $6.47. The company's stock had a trading volume of 298,146 shares, compared to its average volume of 1,439,122. Owens & Minor has a 52-week low of $6.07 and a 52-week high of $16.63. The firm has a market capitalization of $499.45 million, a P/E ratio of -1.36, a PEG ratio of 0.29 and a beta of 1.04. The company has a quick ratio of 0.41, a current ratio of 1.13 and a debt-to-equity ratio of 3.32. The firm has a 50-day simple moving average of $7.79 and a 200-day simple moving average of $8.34.

Owens & Minor (NYSE:OMI - Get Free Report) last posted 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 17.09% and a negative net margin of 3.41%. The business's revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 EPS. As a group, equities analysts forecast that Owens & Minor will post 1.51 EPS for the current year.

Hedge Funds Weigh In On Owens & Minor

Several institutional investors and hedge funds have recently added to or reduced their stakes in OMI. DekaBank Deutsche Girozentrale increased its holdings in shares of Owens & Minor by 76.6% in the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company's stock valued at $28,000 after purchasing an additional 1,356 shares in 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. Sterling Capital Management LLC grew its position in shares of Owens & Minor by 758.3% in the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock valued at $27,000 after purchasing an additional 1,820 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Owens & Minor by 25.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,660 shares of the company's stock valued at $88,000 after buying an additional 1,932 shares during the period. Finally, Legal & General Group Plc grew its holdings in Owens & Minor by 0.9% in the fourth quarter. Legal & General Group Plc now owns 212,061 shares of the company's stock valued at $2,772,000 after purchasing an additional 1,991 shares during the period. Institutional investors and hedge funds own 98.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Robert W. Baird boosted their price objective on Owens & Minor from $9.00 to $10.00 and gave the company a "neutral" rating in a research note on Friday, June 6th. Citigroup dropped their target price on shares of Owens & Minor from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $11.60.

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.