Owens & Minor (NYSE:OMI) Stock Rating Lowered by StockNews.com

Owens & Minor (NYSE:OMI) was downgraded by equities researchers at StockNews.com from a “buy” rating to a “hold” rating in a report released on Tuesday.

OMI has been the topic of a number of other research reports. Citigroup lifted their target price on Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. TheStreet raised shares of Owens & Minor from a “d+” rating to a “c-” rating in a research note on Monday, March 4th. SVB Leerink started coverage on shares of Owens & Minor in a research report on Monday, February 26th. They set a “market perform” rating and a $24.00 price objective for the company. Barclays boosted their target price on Owens & Minor from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. Finally, Robert W. Baird lowered their price target on Owens & Minor from $28.00 to $24.00 and set a “neutral” rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $23.29.

Owens & Minor Stock Down 4.2 %

Shares of OMI opened at $18.12 on Tuesday. Owens & Minor has a 52-week low of $13.64 and a 52-week high of $28.35. The company has a quick ratio of 0.56, a current ratio of 1.16 and a debt-to-equity ratio of 2.17. The stock has a fifty day simple moving average of $25.00 and a two-hundred day simple moving average of $21.53. The company has a market capitalization of $1.39 billion, a PE ratio of -35.53, a price-to-earnings-growth ratio of 0.57 and a beta of 0.52.

Owens & Minor (NYSE:OMI) last posted its earnings results on Friday, May 3rd. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02. The company had revenue of $2.61 billion for the quarter, compared to analyst estimates of $2.61 billion. Owens & Minor had a negative net margin of 0.37% and a positive return on equity of 12.97%. Owens & Minor’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.05 EPS. As a group, equities analysts forecast that Owens & Minor will post 1.54 EPS for the current year.

Insider Buying and Selling

In other Owens & Minor news, SVP Michael Wayne Lowry sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the senior vice president now directly owns 71,654 shares in the company, valued at $1,791,350. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, SVP Michael Wayne Lowry sold 10,000 shares of Owens & Minor stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the senior vice president now directly owns 71,654 shares in the company, valued at approximately $1,791,350. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Jonathan A. Leon sold 5,000 shares of the company’s stock in a transaction on 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 owns 84,673 shares of the company’s stock, valued at approximately $2,103,277.32. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Owens & Minor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Deerfield Management Company L.P. Series C raised its position in Owens & Minor by 35.6% in the 3rd quarter. Deerfield Management Company L.P. Series C now owns 6,435,000 shares of the company’s stock valued at $103,990,000 after purchasing an additional 1,690,000 shares during the last quarter. FMR LLC raised its stake in Owens & Minor by 10.6% during the 3rd quarter. FMR LLC now owns 11,479,209 shares of the company’s stock valued at $185,504,000 after acquiring an additional 1,103,275 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Owens & Minor by 278.0% in the 3rd quarter. Deutsche Bank AG now owns 694,248 shares of the company’s stock valued at $11,219,000 after purchasing an additional 510,596 shares during the last quarter. Norges Bank acquired a new position in shares of Owens & Minor in the fourth quarter valued at approximately $9,160,000. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Owens & Minor by 8.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,210,991 shares of the company’s stock worth $81,148,000 after acquiring an additional 327,002 shares during the period. Hedge funds and other institutional investors 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.