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

Shares of Owens & Minor, Inc. (NYSE:OMI) have been given a consensus rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.75.

A number of research firms have issued reports on OMI. UBS Group decreased their target price on Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday, February 13th. Robert W. Baird lifted their price target on shares of Owens & Minor from $10.00 to $11.00 and gave the company a “neutral” rating in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Owens & Minor from $14.00 to $10.00 and set an “underweight” rating for the company in a research note on Monday, March 10th.

Owens & Minor Stock Performance

NYSE OMI opened at $8.60 on Monday. The firm’s 50 day simple moving average is $9.84 and its 200 day simple moving average is $12.36. The firm has a market capitalization of $664.17 million, a price-to-earnings ratio of -13.23, a P/E/G ratio of 0.20 and a beta of 0.61. 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 1 year low of $6.07 and a 1 year high of $28.35.

Owens & Minor (NYSE:OMI) last issued its earnings results on Friday, February 28th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.53 by $0.02. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter last year, the business posted $0.69 EPS. The company’s revenue was up 1.5% compared to the same quarter last year. As a group, research analysts expect that Owens & Minor will post 1.51 earnings per share for the current fiscal year.

Owens & Minor announced that its Board of Directors has authorized a stock repurchase program on Friday, February 28th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 13.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

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

Hedge Funds Weigh In On Owens & Minor

Hedge funds and other institutional investors have recently bought and sold shares of the company. Inspire Advisors LLC raised its position in shares of Owens & Minor by 11.2% in the 4th quarter. Inspire Advisors LLC now owns 15,350 shares of the company’s stock worth $201,000 after acquiring an additional 1,548 shares in the last quarter. Blue Trust Inc. grew its stake in Owens & Minor by 57.4% during the fourth quarter. Blue Trust Inc. now owns 4,387 shares of the company’s stock worth $57,000 after purchasing an additional 1,600 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 worth $561,000 after purchasing an additional 1,662 shares in the last quarter. Sterling Capital Management LLC lifted its stake in Owens & Minor by 758.3% in the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company’s stock valued at $27,000 after buying an additional 1,820 shares during the period. Finally, Legal & General Group Plc lifted its stake in Owens & Minor by 0.9% in the fourth quarter. Legal & General Group Plc now owns 212,061 shares of the company’s stock valued at $2,772,000 after buying an additional 1,991 shares during the period. Institutional investors and hedge funds own 98.04% of the company’s stock.

About Owens & Minor

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.