Owens & Minor, Inc. (NYSE:OMI – Get Free Report) shares traded down 5.3% during trading on Monday . The company traded as low as $15.04 and last traded at $15.04. 262,689 shares traded hands during trading, a decline of 68% from the average session volume of 826,878 shares. The stock had previously closed at $15.88.
Analyst Ratings Changes
A number of research analysts have recently weighed in on the company. StockNews.com downgraded Owens & Minor from a “buy” rating to a “hold” rating in a research note on Monday, August 26th. JPMorgan Chase & Co. reduced their target price on Owens & Minor from $22.00 to $18.00 and set an “underweight” rating on the stock in a report on Wednesday, August 21st. Bank of America lowered their price target on Owens & Minor from $18.00 to $16.00 and set an “underperform” rating for the company in a research note on Tuesday, June 25th. Barclays reduced their price objective on shares of Owens & Minor from $23.00 to $18.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Finally, Citigroup raised shares of Owens & Minor from a “neutral” rating to a “buy” rating and lowered their target price for the company from $24.00 to $19.00 in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.00.
Read Our Latest Stock Analysis on Owens & Minor
Owens & Minor Stock Performance
Owens & Minor (NYSE:OMI – Get Free Report) last announced its earnings results on Friday, August 2nd. The company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Owens & Minor had a negative net margin of 0.40% and a positive return on equity of 14.66%. The firm had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.65 billion. During the same period in the prior year, the business earned $0.18 EPS. The company’s revenue for the quarter was up 4.2% compared to the same quarter last year. As a group, research analysts forecast that Owens & Minor, Inc. will post 1.57 EPS for the current year.
Institutional Investors Weigh In On Owens & Minor
A number of hedge funds and other institutional investors have recently bought and sold shares of OMI. Riverview Trust Co bought a new position in shares of Owens & Minor during the 1st quarter worth approximately $25,000. Quarry LP grew its position in Owens & Minor by 290.1% in the second quarter. Quarry LP now owns 2,099 shares of the company’s stock valued at $28,000 after purchasing an additional 1,561 shares in the last quarter. Quest Partners LLC acquired a new stake in Owens & Minor in the 4th quarter valued at $41,000. Hexagon Capital Partners LLC lifted its position in Owens & Minor by 1,240.2% during the 1st quarter. Hexagon Capital Partners LLC now owns 1,568 shares of the company’s stock worth $43,000 after buying an additional 1,451 shares in the last quarter. Finally, Innealta Capital LLC acquired a new position in shares of Owens & Minor during the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 98.04% of the company’s stock.
About Owens & Minor
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.
See Also
- Five stocks we like better than Owens & Minor
- What Makes a Stock a Good Dividend Stock?
- The Average 401k Balance by Age Explained
- Upcoming IPO Stock Lockup Period, Explained
- 3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Biotech Boom Ahead? Key Stocks and ETFs to Watch Now
Receive News & Ratings for Owens & Minor Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Owens & Minor and related companies with MarketBeat.com's FREE daily email newsletter.