Owens & Minor, Inc. (NYSE:OMI - Get Free Report) major shareholder Coliseum Capital Management, L acquired 354,901 shares of the company's stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $9.19 per share, for a total transaction of $3,261,540.19. Following the completion of the purchase, the insider now directly owns 9,824,599 shares in the company, valued at $90,288,064.81. This trade represents a 3.75 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
Coliseum Capital Management, L also recently made the following trade(s):
- On Friday, February 28th, Coliseum Capital Management, L acquired 1,738,511 shares of Owens & Minor stock. The stock was acquired at an average cost of $9.39 per share, for a total transaction of $16,324,618.29.
Owens & Minor Stock Up 0.3 %
Owens & Minor stock traded up $0.03 during midday trading on Friday, reaching $10.00. The stock had a trading volume of 1,437,004 shares, compared to its average volume of 1,711,562. Owens & Minor, Inc. has a 12 month low of $6.07 and a 12 month high of $28.35. The company has a market capitalization of $772.08 million, a P/E ratio of -15.38, a PEG ratio of 0.20 and a beta of 0.61. The company has a fifty day moving average price of $11.20 and a two-hundred day moving average price of $13.03. 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 issued its quarterly earnings data on Friday, February 28th. The company reported $0.55 EPS for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The company's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.69 EPS. As a group, equities analysts expect that Owens & Minor, Inc. will post 1.51 EPS for the current fiscal year.
Owens & Minor announced that its Board of Directors has approved a share repurchase program on Friday, February 28th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 13.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its stock is undervalued.
Wall Street Analyst Weigh In
OMI has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price objective on Owens & Minor from $10.00 to $11.00 and gave the company a "neutral" rating in a research note on Monday, March 3rd. UBS Group decreased their target price on Owens & Minor from $25.00 to $13.00 and set a "buy" rating for the company in a research report on Thursday, February 13th. Two 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, Owens & Minor has an average rating of "Hold" and an average target price of $15.08.
Read Our Latest Research Report on Owens & Minor
Institutional Trading of Owens & Minor
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royce & Associates LP increased its holdings in Owens & Minor by 179.4% during the 3rd quarter. Royce & Associates LP now owns 80,914 shares of the company's stock worth $1,270,000 after purchasing an additional 51,955 shares in the last quarter. Waldron Private Wealth LLC bought a new position in shares of Owens & Minor in the fourth quarter valued at approximately $406,000. FMR LLC grew its holdings in shares of Owens & Minor by 0.8% in the third quarter. FMR LLC now owns 11,564,624 shares of the company's stock valued at $181,449,000 after acquiring an additional 90,862 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Owens & Minor by 68.4% in the third quarter. JPMorgan Chase & Co. now owns 376,830 shares of the company's stock valued at $5,912,000 after acquiring an additional 152,999 shares in the last quarter. Finally, Foundry Partners LLC bought a new position in shares of Owens & Minor in the third quarter valued at approximately $5,238,000. 98.04% of the stock is owned by institutional investors.
About Owens & Minor
(
Get Free Report)
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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