Owens & Minor (NYSE:OMI) Stock Price Down 6% on Analyst Downgrade

Shares of Owens & Minor, Inc. (NYSE:OMI - Get Free Report) traded down 6% on Thursday after UBS Group lowered their price target on the stock from $25.00 to $13.00. UBS Group currently has a buy rating on the stock. Owens & Minor traded as low as $7.69 and last traded at $7.70. 943,408 shares were traded during mid-day trading, a decline of 6% from the average session volume of 1,001,335 shares. The stock had previously closed at $8.19.

Several other equities research analysts have also commented on OMI. Barclays cut their target price on 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. Robert W. Baird cut their target price on shares of Owens & Minor from $15.00 to $14.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, Citigroup reduced their price target on shares of Owens & Minor from $21.00 to $18.50 and set a "buy" rating for the company in a report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $16.79.

Insider Transactions at Owens & Minor

In other Owens & Minor news, CFO Jonathan A. Leon sold 5,282 shares of the stock in a transaction dated 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 filing with the SEC, which is accessible through the SEC website. Company insiders own 3.59% of the company's stock.

Hedge Funds Weigh In On Owens & Minor

Several institutional investors have recently modified their holdings of the business. Sterling Capital Management LLC raised its stake in Owens & Minor by 758.3% in the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company's stock valued at $27,000 after purchasing an additional 1,820 shares in the last quarter. Blue Trust Inc. increased 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 valued at $44,000 after acquiring an additional 1,780 shares during the last quarter. KBC Group NV lifted its stake in Owens & Minor by 98.2% during the fourth quarter. KBC Group NV now owns 4,434 shares of the company's stock worth $58,000 after purchasing an additional 2,197 shares during the last quarter. Cetera Investment Advisers purchased a new position in shares of Owens & Minor in the 4th quarter worth about $140,000. Finally, Meeder Asset Management Inc. increased its position in shares of 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 during the last quarter. 98.04% of the stock is owned by institutional investors.

Owens & Minor Trading Down 3.8 %

The stock has a fifty day moving average of $12.67 and a two-hundred day moving average of $13.76. The company has a market capitalization of $574.08 million, a PE ratio of -11.45, a PEG ratio of 0.25 and a beta of 0.48. 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 Company Profile

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.