Owens & Minor, Inc. (NYSE:OMI - Get Free Report) CFO Jonathan A. Leon sold 5,282 shares of Owens & Minor stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $11.82, for a total transaction of $62,433.24. Following the transaction, the chief financial officer now directly owns 130,822 shares of the company's stock, valued at $1,546,316.04. This represents a 3.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Owens & Minor Price Performance
Shares of Owens & Minor stock traded up $1.31 on Monday, reaching $13.66. The stock had a trading volume of 1,029,804 shares, compared to its average volume of 825,727. The business's 50 day moving average is $13.71 and its two-hundred day moving average is $15.13. The company has a market cap of $1.05 billion, a P/E ratio of -21.02, a price-to-earnings-growth ratio of 0.43 and a beta of 0.41. Owens & Minor, Inc. has a 1 year low of $11.42 and a 1 year high of $28.35. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11.
Owens & Minor (NYSE:OMI - Get Free Report) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.41 by $0.01. The firm had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.68 billion. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 EPS. As a group, research analysts anticipate that Owens & Minor, Inc. will post 1.49 EPS for the current year.
Hedge Funds Weigh In On Owens & Minor
Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its position in shares of Owens & Minor by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,711,453 shares of the company's stock valued at $26,858,000 after acquiring an additional 13,164 shares during the last quarter. Vestcor Inc grew its stake in Owens & Minor by 624.2% in the 3rd quarter. Vestcor Inc now owns 41,303 shares of the company's stock worth $648,000 after buying an additional 35,600 shares in the last quarter. Barclays PLC increased its holdings in shares of Owens & Minor by 354.8% in the 3rd quarter. Barclays PLC now owns 133,702 shares of the company's stock worth $2,099,000 after buying an additional 104,305 shares during the last quarter. Jane Street Group LLC raised its position in shares of Owens & Minor by 126.0% during the 3rd quarter. Jane Street Group LLC now owns 186,280 shares of the company's stock valued at $2,923,000 after buying an additional 103,871 shares in the last quarter. Finally, Weiss Asset Management LP purchased a new stake in shares of Owens & Minor during the 3rd quarter valued at $482,000. 98.04% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several brokerages recently issued reports on OMI. Robert W. Baird cut their target price on shares of Owens & Minor from $19.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, November 5th. JPMorgan Chase & Co. lowered their price objective on Owens & Minor from $22.00 to $18.00 and set an "underweight" rating for the company in a research note on Wednesday, August 21st. Citigroup dropped their price target on shares of Owens & Minor from $21.00 to $18.50 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. UBS Group cut their price objective on Owens & Minor from $28.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, November 5th. Finally, StockNews.com downgraded shares of Owens & Minor from a "buy" rating to a "hold" rating in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $18.50.
View Our Latest Report on OMI
About Owens & Minor
(
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Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.
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