Stock Traders Purchase Large Volume of Call Options on Owens & Minor (NYSE:OMI)

Owens & Minor, Inc. (NYSE:OMI) was the target of unusually large options trading on Monday. Traders bought 9,860 call options on the stock. This represents an increase of approximately 1,549% compared to the average daily volume of 598 call options.

Owens & Minor Stock Down 1.6 %

Shares of NYSE OMI opened at $18.91 on Wednesday. Owens & Minor has a 52-week low of $13.64 and a 52-week high of $28.35. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.56 and a current ratio of 1.16. The stock has a market cap of $1.45 billion, a P/E ratio of -37.08, a P/E/G ratio of 0.57 and a beta of 0.52. The firm has a 50 day moving average price of $25.14 and a 200 day moving average price of $21.56.

Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Friday, May 3rd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. The business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.61 billion. Owens & Minor had a negative net margin of 0.37% and a positive return on equity of 12.97%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.05 EPS. Analysts expect that Owens & Minor will post 1.54 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on OMI shares. Robert W. Baird dropped their target price on shares of Owens & Minor from $28.00 to $24.00 and set a “neutral” rating for the company in a research note on Monday. TheStreet raised Owens & Minor from a “d+” rating to a “c-” rating in a report on Monday, March 4th. Barclays boosted their target price on Owens & Minor from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. Leerink Partnrs reiterated a “market perform” rating on shares of Owens & Minor in a report on Monday, February 26th. Finally, Citigroup boosted their price objective on Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $23.29.

Insider Buying and Selling

In other Owens & Minor news, SVP Michael Wayne Lowry sold 10,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the transaction, the senior vice president now directly owns 71,654 shares in the company, valued at $1,791,350. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Owens & Minor news, SVP Jonathan A. Leon sold 5,000 shares of Owens & Minor stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total value of $124,200.00. Following the completion of the transaction, the senior vice president now owns 84,673 shares in the company, valued at approximately $2,103,277.32. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Michael Wayne Lowry sold 10,000 shares of the stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the senior vice president now owns 71,654 shares in the company, valued at approximately $1,791,350. The disclosure for this sale can be found here. 2.62% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Owens & Minor

Institutional investors have recently modified their holdings of the business. Deerfield Management Company L.P. Series C increased its holdings in Owens & Minor by 35.6% during the 3rd quarter. Deerfield Management Company L.P. Series C now owns 6,435,000 shares of the company’s stock worth $103,990,000 after purchasing an additional 1,690,000 shares in the last quarter. FMR LLC raised its position in Owens & Minor by 10.6% in the 3rd quarter. FMR LLC now owns 11,479,209 shares of the company’s stock valued at $185,504,000 after buying an additional 1,103,275 shares during the last quarter. Deutsche Bank AG lifted its stake in Owens & Minor by 278.0% in the 3rd quarter. Deutsche Bank AG now owns 694,248 shares of the company’s stock valued at $11,219,000 after acquiring an additional 510,596 shares in the last quarter. Norges Bank acquired a new position in Owens & Minor during the 4th quarter worth approximately $9,160,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of Owens & Minor by 8.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,210,991 shares of the company’s stock worth $81,148,000 after acquiring an additional 327,002 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

About Owens & Minor

Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates through Products & Healthcare Services and Patient Direct segments. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.