Owens & Minor, Inc. (NYSE:OMI – Get Free Report) has received a consensus rating of “Hold” from the eight analysts that are covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $7.6250.
Several equities research analysts have recently weighed in on the company. Zacks Research downgraded Owens & Minor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. decreased their price target on Owens & Minor from $7.00 to $6.00 and set an “underweight” rating for the company in a report on Wednesday, August 27th. Robert W. Baird dropped their price objective on shares of Owens & Minor from $10.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Citigroup reissued a “buy” rating and set a $7.00 target price (down from $11.00) on shares of Owens & Minor in a research report on Tuesday, August 12th. Finally, UBS Group set a $7.00 price target on shares of Owens & Minor in a report on Wednesday, August 13th.
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Owens & Minor Price Performance
OMI opened at $5.28 on Monday. Owens & Minor has a 52-week low of $4.56 and a 52-week high of $16.38. The company has a 50 day moving average of $5.98 and a two-hundred day moving average of $7.20. The company has a market cap of $407.83 million, a P/E ratio of -0.34 and a beta of 1.03. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of 3.32.
Owens & Minor (NYSE:OMI – Get Free Report) last posted its earnings results on Monday, August 11th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). Owens & Minor had a negative net margin of 13.78% and a positive return on equity of 26.59%. The business had revenue of $681.90 million for the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the firm posted $0.36 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. On average, analysts expect that Owens & Minor will post 1.51 earnings per share for the current year.
Insider Activity
In other Owens & Minor news, major shareholder Coliseum Capital Management, L purchased 492,852 shares of the business’s stock in a transaction that occurred on Thursday, August 14th. The shares were acquired at an average price of $5.31 per share, for a total transaction of $2,617,044.12. Following the completion of the purchase, the insider owned 13,100,807 shares in the company, valued at $69,565,285.17. The trade was a 3.91% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders bought 1,537,852 shares of company stock worth $8,099,544 over the last 90 days. 3.69% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Owens & Minor
Several hedge funds and other institutional investors have recently bought and sold shares of OMI. Cetera Investment Advisers purchased a new position in shares of Owens & Minor during the 4th quarter valued at approximately $140,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Owens & Minor by 4.0% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,930 shares of the company’s stock valued at $561,000 after acquiring an additional 1,662 shares in the last quarter. ProShare Advisors LLC boosted its stake in Owens & Minor by 44.5% during the 4th quarter. ProShare Advisors LLC now owns 22,702 shares of the company’s stock valued at $297,000 after acquiring an additional 6,996 shares during the last quarter. Squarepoint Ops LLC acquired a new position in Owens & Minor during the 4th quarter worth $381,000. Finally, Voloridge Investment Management LLC increased its position in shares of Owens & Minor by 24.2% in the 4th quarter. Voloridge Investment Management LLC now owns 243,525 shares of the company’s stock worth $3,183,000 after purchasing an additional 47,459 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.
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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