Owens & Minor Target of Unusually High Options Trading (NYSE:OMI)

Owens & Minor, Inc. (NYSE:OMI) was the target of unusually large options trading on Tuesday. Traders bought 17,751 call options on the stock. Thisrepresentsanincreaseofapproximately1,529% compared to the average daily volume of 1,090 call options.

Hedge Funds Weigh In On Owens & Minor

Institutional investors have recently bought and sold shares of the business. Sterling Capital Management LLC raised its position in Owens & Minor by 758.3% in the 4th quarter. Sterling Capital Management LLC now owns 2,060 shares of the company’s stock valued at $27,000 after purchasing an additional 1,820 shares during the last quarter. DekaBank Deutsche Girozentrale raised its position in shares of Owens & Minor by 76.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock worth $28,000 after acquiring an additional 1,356 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Owens & Minor by 537.6% during the first quarter. Versant Capital Management Inc now owns 3,201 shares of the company’s stock worth $29,000 after acquiring an additional 2,699 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Owens & Minor by 1,387.0% during the first quarter. Parallel Advisors LLC now owns 3,316 shares of the company’s stock worth $30,000 after acquiring an additional 3,093 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Owens & Minor during the first quarter worth $34,000. Institutional investors own 98.04% of the company’s stock.

Wall Street Analyst Weigh In

OMI has been the subject of several analyst reports. Robert W. Baird raised their target price on Owens & Minor from $9.00 to $10.00 and gave the stock a “neutral” rating in a research report on Friday, June 6th. Citigroup cut their target price on Owens & Minor from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Owens & Minor presently has a consensus rating of “Hold” and an average target price of $11.60.

Owens & Minor Trading Down 5.5%

Shares of OMI opened at $6.52 on Wednesday. The stock has a fifty day moving average price of $7.80 and a two-hundred day moving average price of $8.35. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.41 and a current ratio of 1.13. Owens & Minor has a 52-week low of $6.07 and a 52-week high of $16.63. The company has a market cap of $503.67 million, a price-to-earnings ratio of -1.37, a PEG ratio of 0.30 and a beta of 1.04.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Saturday, May 10th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.03. Owens & Minor had a positive return on equity of 17.09% and a negative net margin of 3.41%. During the same period in the prior year, the business posted $0.19 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. Analysts predict that Owens & Minor will post 1.51 EPS for the current fiscal year.

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.