Owens & Minor (NYSE:OMI) Stock Price Down 5.3% Following Insider Selling

Shares of Owens & Minor, Inc. (NYSE:OMI) dropped 5.3% during trading on Tuesday after an insider sold shares in the company. The stock traded as low as $12.86 and last traded at $12.92. Approximately 116,678 shares were traded during trading, a decline of 86% from the average daily volume of 822,495 shares. The stock had previously closed at $13.65.

Specifically, CFO Jonathan A. Leon sold 5,282 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $11.82, for a total value of $62,433.24. Following the transaction, the chief financial officer now owns 130,822 shares in the company, valued at $1,546,316.04. The trade was a 3.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Analyst Ratings Changes

OMI has been the subject of a number of analyst reports. Robert W. Baird reduced their price target on Owens & Minor from $19.00 to $14.00 and set a “neutral” rating for the company in a report on Tuesday, November 5th. StockNews.com downgraded shares of Owens & Minor from a “buy” rating to a “hold” rating in a research report on Monday, August 26th. Citigroup lowered their price objective on Owens & Minor from $21.00 to $18.50 and set a “buy” rating for the company in a report on Tuesday, November 5th. JPMorgan Chase & Co. lowered their target price on shares of Owens & Minor from $22.00 to $18.00 and set an “underweight” rating for the company in a research note on Wednesday, August 21st. Finally, UBS Group lowered their target price on Owens & Minor from $28.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, November 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $18.50.

Owens & Minor Stock Performance

The company has a debt-to-equity ratio of 2.11, a current ratio of 1.09 and a quick ratio of 0.45. The company has a market cap of $996.26 million, a P/E ratio of -21.02, a PEG ratio of 0.43 and a beta of 0.41. The stock has a fifty day moving average price of $13.71 and a two-hundred day moving average price of $15.13.

Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Monday, November 4th. The company reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $2.72 billion for the quarter, compared to the consensus estimate of $2.68 billion. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. Owens & Minor’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. On average, equities analysts forecast that Owens & Minor, Inc. will post 1.49 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Owens & Minor

Hedge funds and other institutional investors have recently bought and sold shares of the business. FMR LLC increased its position in shares of Owens & Minor by 0.8% in the third quarter. FMR LLC now owns 11,564,624 shares of the company’s stock worth $181,449,000 after acquiring an additional 90,862 shares in the last quarter. Vanguard Group Inc. grew its position in Owens & Minor by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 8,749,866 shares of the company’s stock worth $242,459,000 after purchasing an additional 162,182 shares in the last quarter. Deerfield Management Company L.P. Series C raised its stake in Owens & Minor by 30.6% during the 2nd quarter. Deerfield Management Company L.P. Series C now owns 6,371,440 shares of the company’s stock valued at $86,014,000 after purchasing an additional 1,493,852 shares during the period. Dimensional Fund Advisors LP raised its stake in Owens & Minor by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company’s stock valued at $61,213,000 after purchasing an additional 76,599 shares during the period. Finally, State Street Corp lifted its holdings in shares of Owens & Minor by 2.6% in the third quarter. State Street Corp now owns 3,064,547 shares of the company’s stock valued at $48,083,000 after purchasing an additional 78,985 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Owens & Minor Company Profile

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.