Owens & Minor, Inc. (NYSE:OMI) Given Average Rating of “Hold” by Brokerages

Shares of Owens & Minor, Inc. (NYSE:OMI) have earned an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $15.08.

OMI has been the topic of several research analyst reports. UBS Group lowered their target price on shares of Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a report on Thursday, February 13th. Robert W. Baird increased their price objective on shares of Owens & Minor from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday.

Insider Buying and Selling at Owens & Minor

In related news, major shareholder Coliseum Capital Management, L acquired 354,901 shares of the firm’s stock in a transaction on Monday, March 3rd. The shares were acquired at an average cost of $9.19 per share, for a total transaction of $3,261,540.19. Following the completion of the transaction, the insider now directly owns 9,824,599 shares in the company, valued at approximately $90,288,064.81. This trade represents a 3.75 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Owens & Minor

Several large investors have recently modified their holdings of OMI. Sterling Capital Management LLC boosted its stake in Owens & Minor by 758.3% during the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company’s stock worth $27,000 after buying an additional 1,820 shares during the period. Blue Trust Inc. lifted its holdings in shares of Owens & Minor by 57.4% in the 4th quarter. Blue Trust Inc. now owns 4,387 shares of the company’s stock worth $57,000 after acquiring an additional 1,600 shares during the last quarter. KBC Group NV boosted its stake in shares of Owens & Minor by 98.2% during the 4th 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 period. Cetera Investment Advisers bought a new position in Owens & Minor during the 4th quarter valued at about $140,000. Finally, Meeder Asset Management Inc. raised its position in Owens & Minor by 844.1% in the 3rd quarter. Meeder Asset Management Inc. now owns 9,016 shares of the company’s stock worth $141,000 after purchasing an additional 8,061 shares during the period. Institutional investors own 98.04% of the company’s stock.

Owens & Minor Stock Up 0.2 %

Shares of OMI stock opened at $9.73 on Thursday. 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 has a 12 month low of $6.07 and a 12 month high of $28.35. The stock has a market cap of $751.23 million, a P/E ratio of -14.96, a P/E/G ratio of 0.20 and a beta of 0.61. The company has a 50 day simple moving average of $11.32 and a two-hundred day simple moving average of $13.11.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Friday, February 28th. The company reported $0.55 EPS for the quarter, topping the consensus estimate 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%. Owens & Minor’s revenue was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 EPS. On average, research analysts expect that Owens & Minor will post 1.51 earnings per share for the current year.

Owens & Minor announced that its board has initiated a share buyback plan on Friday, February 28th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 13.6% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

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.