State of Alaska Department of Revenue Grows Stock Position in Owens & Minor, Inc. $OMI

State of Alaska Department of Revenue boosted its position in Owens & Minor, Inc. (NYSE:OMI) by 6.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,748 shares of the company’s stock after buying an additional 2,796 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.06% of Owens & Minor worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio increased its position in Owens & Minor by 25.0% in the second quarter. Public Employees Retirement System of Ohio now owns 9,660 shares of the company’s stock worth $88,000 after buying an additional 1,932 shares during the last quarter. Counterpoint Mutual Funds LLC purchased a new stake in Owens & Minor in the second quarter worth $900,000. Goldman Sachs Group Inc. increased its position in Owens & Minor by 43.9% in the first quarter. Goldman Sachs Group Inc. now owns 576,799 shares of the company’s stock worth $5,208,000 after buying an additional 175,866 shares during the last quarter. Voya Investment Management LLC increased its position in Owens & Minor by 39.9% in the first quarter. Voya Investment Management LLC now owns 93,067 shares of the company’s stock worth $840,000 after buying an additional 26,550 shares during the last quarter. Finally, Inspire Investing LLC increased its position in Owens & Minor by 32.0% in the first quarter. Inspire Investing LLC now owns 44,270 shares of the company’s stock worth $400,000 after buying an additional 10,744 shares during the last quarter. 98.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

OMI has been the subject of a number of recent research reports. Citigroup reissued a “buy” rating and issued a $7.00 target price (down from $11.00) on shares of Owens & Minor in a research report on Tuesday, August 12th. Zacks Research cut Owens & Minor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 2nd. Weiss Ratings reiterated a “sell (e+)” rating on shares of Owens & Minor in a research report on Wednesday. JPMorgan Chase & Co. reduced their price target on Owens & Minor from $7.00 to $6.00 and set an “underweight” rating for the company in a research report on Wednesday, August 27th. Finally, UBS Group set a $7.00 price target on Owens & Minor in a research report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.63.

Owens & Minor Price Performance

Owens & Minor stock opened at $4.59 on Friday. Owens & Minor, Inc. has a 52 week low of $4.56 and a 52 week high of $15.54. The business has a 50-day simple moving average of $5.33 and a 200 day simple moving average of $6.84. 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 stock has a market cap of $354.53 million, a price-to-earnings ratio of -0.29 and a beta of 1.26.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings data 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). Owens & Minor had a positive return on equity of 26.59% and a negative net margin of 13.78%.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 previous year, the company posted $0.36 earnings per share. Owens & Minor’s revenue for the quarter 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 fiscal year.

Insider Buying and Selling at Owens & Minor

In other news, major shareholder Coliseum Capital Management, L bought 492,852 shares of the stock in a transaction dated Thursday, August 14th. The stock was bought at an average price of $5.31 per share, for a total transaction of $2,617,044.12. Following the purchase, the insider directly owned 13,100,807 shares in the company, valued at $69,565,285.17. This trade represents a 3.91% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders bought 1,537,852 shares of company stock valued at $8,099,544. Insiders own 3.69% of the company’s stock.

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.