Owens & Minor, Inc. (NYSE:OMI - Get Free Report) shares rose 4.8% during mid-day trading on Wednesday . The company traded as high as $14.57 and last traded at $14.51. Approximately 250,040 shares changed hands during trading, a decline of 40% from the average daily volume of 414,249 shares. The stock had previously closed at $13.84.
Analyst Ratings Changes
Several research firms have recently commented on OMI. UBS Group lowered their target price on shares of Owens & Minor from $28.00 to $25.00 and set a "buy" rating on the stock in a report on Tuesday, November 5th. Citigroup decreased 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 note on Tuesday, November 5th. Robert W. Baird cut their price objective on Owens & Minor from $19.00 to $14.00 and set a "neutral" rating for the company in a research report on Tuesday, November 5th. Finally, Barclays reduced their target price on Owens & Minor from $18.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, November 5th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $18.50.
View Our Latest Research Report on Owens & Minor
Owens & Minor Stock Performance
The firm has a market capitalization of $1.11 billion, a PE ratio of -22.12, a P/E/G ratio of 0.48 and a beta of 0.46. The business has a 50-day simple moving average of $13.14 and a 200-day simple moving average of $14.21. 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 released its quarterly earnings results on Monday, November 4th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The company had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same quarter in the prior year, the firm posted $0.44 EPS. Owens & Minor's quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts expect that Owens & Minor, Inc. will post 1.49 earnings per share for the current fiscal year.
Insider Buying and Selling
In other Owens & Minor news, CFO Jonathan A. Leon sold 5,282 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $11.82, for a total value of $62,433.24. Following the sale, the chief financial officer now owns 130,822 shares in the company, valued at $1,546,316.04. This trade represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 3.59% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Quarry LP boosted its position in Owens & Minor by 290.1% in the 2nd quarter. Quarry LP now owns 2,099 shares of the company's stock valued at $28,000 after buying an additional 1,561 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Owens & Minor by 76.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company's stock worth $43,000 after purchasing an additional 1,356 shares in the last quarter. Blue Trust Inc. grew its stake in Owens & Minor by 176.8% in the third quarter. Blue Trust Inc. now owns 2,787 shares of the company's stock worth $44,000 after purchasing an additional 1,780 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in Owens & Minor during the 2nd quarter worth $82,000. Finally, Meeder Asset Management Inc. raised its position in Owens & Minor by 844.1% during the 3rd quarter. Meeder Asset Management Inc. now owns 9,016 shares of the company's stock valued at $141,000 after purchasing an additional 8,061 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.
Owens & Minor Company Profile
(
Get Free Report)
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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