Charles Schwab Investment Management Inc. Increases Stake in Owens & Minor, Inc. $OMI

Charles Schwab Investment Management Inc. grew its stake in Owens & Minor, Inc. (NYSE:OMI) by 19.4% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,752,960 shares of the company’s stock after buying an additional 447,917 shares during the quarter. Charles Schwab Investment Management Inc. owned 3.56% of Owens & Minor worth $24,859,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sterling Capital Management LLC boosted its stake in shares of 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 buying an additional 1,820 shares during the period. Versant Capital Management Inc boosted its stake in shares of Owens & Minor by 537.6% in the 1st quarter. Versant Capital Management Inc now owns 3,201 shares of the company’s stock valued at $29,000 after buying an additional 2,699 shares during the period. Parallel Advisors LLC boosted its stake in shares of Owens & Minor by 1,387.0% in the 1st quarter. Parallel Advisors LLC now owns 3,316 shares of the company’s stock valued at $30,000 after buying an additional 3,093 shares during the period. GAMMA Investing LLC boosted its stake in shares of Owens & Minor by 713.4% in the 1st quarter. GAMMA Investing LLC now owns 9,265 shares of the company’s stock valued at $84,000 after buying an additional 8,126 shares during the period. Finally, Teacher Retirement System of Texas purchased a new position in shares of Owens & Minor in the 1st quarter valued at about $96,000. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on OMI shares. Bank of America decreased their price objective on Owens & Minor from $7.50 to $4.75 and set an “underperform” rating for the company in a research note on Tuesday, August 12th. Robert W. Baird decreased their target price on Owens & Minor from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Citigroup restated a “buy” rating and set a $7.00 target price (down previously from $11.00) on shares of Owens & Minor in a research note on Tuesday, August 12th. JPMorgan Chase & Co. set a $10.00 target price on Owens & Minor in a research note on Monday, August 11th. Finally, Baird R W upgraded Owens & Minor from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $8.29.

Owens & Minor Price Performance

Shares of NYSE OMI opened at $5.3450 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 3.32. Owens & Minor, Inc. has a twelve month low of $4.56 and a twelve month high of $16.63. The stock has a 50 day moving average of $7.47 and a two-hundred day moving average of $7.70. The stock has a market cap of $412.85 million, a P/E ratio of -0.34 and a beta of 1.04.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Monday, August 11th. The company reported $0.26 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $681.90 million during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the prior year, the firm posted $0.36 EPS. Owens & Minor’s quarterly 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, research analysts forecast that Owens & Minor, Inc. will post 1.51 earnings per share for the current year.

Insiders Place Their Bets

In related news, major shareholder Coliseum Capital Management, L bought 492,852 shares of the company’s stock in a transaction dated Thursday, August 14th. The shares were acquired at an average price of $5.31 per share, with a total value of $2,617,044.12. Following the completion of the acquisition, the insider owned 13,100,807 shares in the company, valued at approximately $69,565,285.17. This trade represents a 3.91% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased a total of 1,537,852 shares of company stock valued at $8,099,544 in the last three months. 3.69% of the stock is currently owned by insiders.

Owens & Minor Company Profile

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.