Owens & Minor, Inc. (NYSE:OMI - Get Free Report)'s stock price traded down 4.4% during trading on Thursday . The company traded as low as $9.73 and last traded at $9.65. 241,165 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,603,606 shares. The stock had previously closed at $10.09.
Analyst Ratings Changes
A number of equities research analysts have issued reports on OMI shares. Robert W. Baird boosted their price target 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 dropped their price target on Owens & Minor from $25.00 to $13.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their target price on Owens & Minor from $14.00 to $10.00 and set an "underweight" rating on the stock in a research report on Monday, March 10th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $13.75.
View Our Latest Stock Analysis on OMI
Owens & Minor Stock Up 4.3 %
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 company has a fifty day simple moving average of $10.42 and a two-hundred day simple moving average of $12.57. The firm has a market capitalization of $724.96 million, a PE ratio of -14.44, a PEG ratio of 0.20 and a beta of 0.61.
Owens & Minor (NYSE:OMI - Get Free Report) last released its quarterly earnings data on Friday, February 28th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.53 by $0.02. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.68 billion. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The firm's revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. Analysts forecast that Owens & Minor, Inc. will post 1.51 EPS for the current fiscal year.
Owens & Minor announced that its board has authorized 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 reacquire up to 13.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
Insider Buying and Selling at Owens & Minor
In other news, major shareholder Coliseum Capital Management, L purchased 1,738,511 shares of the stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $9.39 per share, for a total transaction of $16,324,618.29. Following the acquisition, the insider now owns 9,469,698 shares of the company's stock, valued at approximately $88,920,464.22. This represents a 22.49 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 3.59% of the company's stock.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Sterling Capital Management LLC grew its holdings in Owens & Minor by 758.3% in the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock worth $27,000 after purchasing an additional 1,820 shares during the last quarter. Blue Trust Inc. grew its stake in Owens & Minor by 57.4% during the 4th quarter. Blue Trust Inc. now owns 4,387 shares of the company's stock worth $57,000 after buying an additional 1,600 shares during the last quarter. KBC Group NV increased its position in Owens & Minor by 98.2% during the 4th quarter. KBC Group NV now owns 4,434 shares of the company's stock valued at $58,000 after buying an additional 2,197 shares in the last quarter. Cetera Investment Advisers purchased a new stake in Owens & Minor in the fourth quarter valued at about $140,000. Finally, Guggenheim Capital LLC acquired a new stake in Owens & Minor in the fourth quarter worth about $166,000. Institutional investors own 98.04% of the company's stock.
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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