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

Shares of Owens & Minor, Inc. (NYSE:OMI) have been assigned an average recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $7.6250.

Several research analysts have recently weighed in on OMI shares. Baird R W upgraded shares of Owens & Minor from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 8th. Robert W. Baird lowered their price objective on shares of Owens & Minor from $10.00 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Bank of America lowered their price objective on shares of 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 upgraded shares of Owens & Minor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Finally, Citigroup restated a “buy” rating and set a $7.00 price objective (down from $11.00) on shares of Owens & Minor in a research note on Tuesday, August 12th.

Insider Activity

In other Owens & Minor news, major shareholder Coliseum Capital Management, L bought 720,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The shares were purchased at an average price of $5.15 per share, for a total transaction of $3,708,000.00. Following the transaction, the insider directly owned 12,282,955 shares in the company, valued at approximately $63,257,218.25. This trade represents a 6.23% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have purchased 1,537,852 shares of company stock worth $8,099,544. Corporate insiders own 3.69% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in shares of Owens & Minor by 3,154.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 5,273 shares of the company’s stock worth $25,000 after purchasing an additional 5,111 shares in the last quarter. Squarepoint Ops LLC grew its position in shares of Owens & Minor by 283.8% during the 2nd quarter. Squarepoint Ops LLC now owns 167,176 shares of the company’s stock worth $1,521,000 after purchasing an additional 123,616 shares in the last quarter. State of Wyoming grew its position in shares of Owens & Minor by 62.1% during the 2nd quarter. State of Wyoming now owns 45,548 shares of the company’s stock worth $414,000 after purchasing an additional 17,443 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Owens & Minor during the 2nd quarter worth approximately $1,383,000. Finally, Public Sector Pension Investment Board grew its position in shares of Owens & Minor by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 251,693 shares of the company’s stock worth $2,290,000 after purchasing an additional 17,300 shares in the last quarter. Institutional investors and hedge funds own 98.04% of the company’s stock.

Owens & Minor Stock Up 2.3%

Shares of OMI stock opened at $5.06 on Friday. 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 has a 1 year low of $4.34 and a 1 year high of $15.54. The firm’s fifty day moving average price is $5.08 and its two-hundred day moving average price is $6.60. The firm has a market capitalization of $390.45 million, a P/E ratio of -0.32 and a beta of 1.26.

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 the consensus estimate 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 business had revenue of $681.90 million during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the firm posted $0.36 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. On average, equities 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.