Owens & Minor (NYSE:OMI) Shares Gap Down to $24.51

Owens & Minor, Inc. (NYSE:OMI)’s share price gapped down before the market opened on Friday . The stock had previously closed at $24.51, but opened at $23.86. Owens & Minor shares last traded at $19.49, with a volume of 562,167 shares trading hands.

Analysts Set New Price Targets

OMI has been the topic of a number of research analyst reports. UBS Group decreased their price target on shares of Owens & Minor from $28.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, January 29th. Robert W. Baird increased their target price on Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a research note on Wednesday, April 10th. Leerink Partnrs reaffirmed a “market perform” rating on shares of Owens & Minor in a research note on Monday, February 26th. StockNews.com upgraded Owens & Minor from a “hold” rating to a “buy” rating in a research report on Wednesday, February 21st. Finally, Citigroup boosted their target price on Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.86.

Owens & Minor Price Performance

The company has a current ratio of 1.11, a quick ratio of 0.52 and a debt-to-equity ratio of 2.05. The firm has a fifty day moving average of $25.35 and a two-hundred day moving average of $21.40. The company has a market capitalization of $1.39 billion, a PE ratio of -33.72, a PEG ratio of 0.78 and a beta of 0.52.

Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Owens & Minor had a positive return on equity of 11.62% and a negative net margin of 0.40%. The firm had revenue of $2.61 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same quarter in the prior year, the firm posted $0.05 earnings per share. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Research analysts anticipate that Owens & Minor, Inc. will post 1.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Jonathan A. Leon sold 5,000 shares of the company’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the completion of the transaction, the senior vice president now directly owns 84,673 shares of the company’s stock, valued at $2,103,277.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Owens & Minor news, SVP Jonathan A. Leon sold 5,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total value of $124,200.00. Following the completion of the sale, the senior vice president now owns 84,673 shares in the company, valued at approximately $2,103,277.32. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Michael Wayne Lowry sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the transaction, the senior vice president now directly owns 71,654 shares in the company, valued at $1,791,350. The disclosure for this sale can be found here. Insiders own 3.59% of the company’s stock.

Institutional Investors Weigh In On Owens & Minor

Several institutional investors and hedge funds have recently modified their holdings of the stock. Riverview Trust Co purchased a new position in shares of Owens & Minor during the first quarter valued at about $25,000. Hexagon Capital Partners LLC boosted 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 valued at $43,000 after acquiring an additional 1,451 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Owens & Minor by 52.1% during the 1st quarter. GAMMA Investing LLC now owns 1,644 shares of the company’s stock worth $46,000 after acquiring an additional 563 shares during the period. DekaBank Deutsche Girozentrale bought a new position in shares of Owens & Minor in the 3rd quarter worth approximately $29,000. Finally, Quest Partners LLC purchased a new position in shares of Owens & Minor in the 4th quarter valued at approximately $41,000. 98.04% of the stock is owned by hedge funds and other institutional investors.

Owens & Minor Company Profile

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.