Voya Investment Management LLC Purchases 26,550 Shares of Owens & Minor, Inc. $OMI

Voya Investment Management LLC lifted its stake in shares of Owens & Minor, Inc. (NYSE:OMI) by 39.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 93,067 shares of the company’s stock after purchasing an additional 26,550 shares during the period. Voya Investment Management LLC owned 0.12% of Owens & Minor worth $840,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. AQR Capital Management LLC grew its position in shares of Owens & Minor by 171.2% during the 1st quarter. AQR Capital Management LLC now owns 634,914 shares of the company’s stock valued at $5,733,000 after purchasing an additional 400,833 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Owens & Minor by 54.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 45,360 shares of the company’s stock valued at $410,000 after purchasing an additional 15,898 shares during the period. GAMMA Investing LLC increased its holdings in Owens & Minor by 713.4% during the 1st quarter. GAMMA Investing LLC now owns 9,265 shares of the company’s stock valued at $84,000 after purchasing an additional 8,126 shares during the period. Paradigm Capital Management Inc. NY purchased a new position in shares of Owens & Minor during the 1st quarter worth approximately $542,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Owens & Minor during the 1st quarter worth approximately $2,954,000. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

OMI has been the topic of several recent research reports. Bank of America cut their price target on Owens & Minor from $7.50 to $4.75 and set an “underperform” rating on the stock in a research note on Tuesday, August 12th. Zacks Research cut Owens & Minor from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 2nd. UBS Group set a $7.00 target price on Owens & Minor in a report on Wednesday, August 13th. Baird R W raised Owens & Minor from a “hold” rating to a “strong-buy” rating in a report on Friday, August 8th. Finally, Citigroup reissued a “buy” rating and set a $7.00 price target (down from $11.00) on shares of Owens & Minor in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $7.63.

Insiders Place Their Bets

In other Owens & Minor 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 purchased at an average cost of $5.31 per share, for a total transaction of $2,617,044.12. Following the transaction, the insider directly owned 13,100,807 shares of the company’s stock, valued at approximately $69,565,285.17. The trade was a 3.91% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last 90 days, insiders bought 1,537,852 shares of company stock worth $8,099,544. 3.69% of the stock is currently owned by company insiders.

Owens & Minor Price Performance

Owens & Minor stock opened at $5.28 on Thursday. The business has a fifty day moving average of $5.98 and a two-hundred day moving average of $7.20. The company has a quick ratio of 0.83, a current ratio of 0.86 and a debt-to-equity ratio of 3.32. The firm has a market cap of $407.83 million, a P/E ratio of -0.34 and a beta of 1.03. Owens & Minor, Inc. has a twelve month low of $4.56 and a twelve month high of $16.38.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings results on Monday, August 11th. The company reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $681.90 million for the quarter, compared to analyst estimates of $2.73 billion. Owens & Minor had a positive return on equity of 26.59% and a negative net margin of 13.78%.The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.36 earnings per share. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. On average, analysts forecast that Owens & Minor, Inc. will post 1.51 earnings per share for the current fiscal year.

Owens & Minor 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.