Owens & Minor, Inc. (NYSE:OMI - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $14.28 and traded as high as $15.18. Owens & Minor shares last traded at $14.97, with a volume of 315,763 shares changing hands.
Analyst Ratings Changes
A number of brokerages have recently issued reports on OMI. UBS Group reduced their price objective on Owens & Minor from $28.00 to $25.00 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 on the stock in a research report on Tuesday, November 5th. Barclays reduced their target price on shares of Owens & Minor from $18.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Tuesday, November 5th. Finally, Citigroup reduced their price objective on Owens & Minor from $21.00 to $18.50 and set a "buy" rating for the company in a research report on Tuesday, November 5th. Two equities research 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, the company has an average rating of "Hold" and an average target price of $18.50.
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Owens & Minor Price Performance
The firm has a market capitalization of $1.15 billion, a PE ratio of -23.03, a P/E/G ratio of 0.42 and a beta of 0.46. The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09. The stock has a fifty day moving average price of $13.61 and a 200-day moving average price of $14.29.
Owens & Minor (NYSE:OMI - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.42 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.01. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The firm had revenue of $2.72 billion for the quarter, compared to analyst estimates of $2.68 billion. During the same period in the previous year, the company earned $0.44 earnings per share. The business's quarterly revenue was up 5.0% compared to the same quarter last year. Sell-side analysts forecast that Owens & Minor, Inc. will post 1.49 EPS for the current fiscal year.
Insider Activity at Owens & Minor
In related news, CFO Jonathan A. Leon sold 5,282 shares of Owens & Minor stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $11.82, for a total value of $62,433.24. Following the completion of the sale, the chief financial officer now owns 130,822 shares in the company, valued at approximately $1,546,316.04. This trade represents a 3.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.59% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. American Century Companies Inc. raised its position in Owens & Minor by 14.8% in the 2nd quarter. American Century Companies Inc. now owns 172,878 shares of the company's stock valued at $2,334,000 after purchasing an additional 22,311 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Owens & Minor by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company's stock valued at $61,213,000 after purchasing an additional 76,599 shares during the period. Hsbc Holdings PLC increased its stake in Owens & Minor by 10.1% in the 2nd quarter. Hsbc Holdings PLC now owns 20,639 shares of the company's stock valued at $278,000 after purchasing an additional 1,885 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Owens & Minor during the 2nd quarter worth $305,000. Finally, Canada Pension Plan Investment Board purchased a new stake in shares of Owens & Minor in the second quarter valued at about $82,000. Institutional investors and hedge funds own 98.04% of the company's stock.
About Owens & Minor
(
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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