Owens & Minor, Inc. (NYSE:OMI) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Owens & Minor, Inc. (NYSE:OMI) have been assigned a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $18.50.

Several equities research analysts have recently issued reports on the company. Barclays reduced their price target on Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, November 5th. Robert W. Baird decreased their target price on shares of Owens & Minor from $19.00 to $14.00 and set a “neutral” rating for the company in a research report on Tuesday, November 5th. Citigroup cut their price target on shares of Owens & Minor from $21.00 to $18.50 and set a “buy” rating on the stock in a report on Tuesday, November 5th. Finally, UBS Group cut their price target on shares of Owens & Minor from $28.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, November 5th.

Owens & Minor Price Performance

Shares of OMI opened at $14.93 on Wednesday. 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 capitalization of $1.15 billion, a price-to-earnings ratio of -22.97, a P/E/G ratio of 0.41 and a beta of 0.46. The business’s 50-day moving average is $13.45 and its 200-day moving average is $14.25. Owens & Minor has a fifty-two week low of $11.42 and a fifty-two week high of $28.35.

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

Insider Activity

In related news, CFO Jonathan A. Leon sold 5,282 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $11.82, for a total transaction of $62,433.24. Following the sale, the chief financial officer now owns 130,822 shares of the company’s stock, valued at approximately $1,546,316.04. This trade represents a 3.88 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.62% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Owens & Minor

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Deerfield Management Company L.P. Series C increased its position in shares of 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 worth $86,014,000 after purchasing an additional 1,493,852 shares during the last quarter. Foundry Partners LLC acquired a new position in shares of Owens & Minor during the 3rd quarter worth about $5,238,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Owens & Minor by 10.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,028,236 shares of the company’s stock valued at $31,823,000 after purchasing an additional 187,079 shares during the period. Algert Global LLC lifted its stake in Owens & Minor by 189.4% in the 3rd quarter. Algert Global LLC now owns 276,438 shares of the company’s stock valued at $4,337,000 after purchasing an additional 180,922 shares during the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Owens & Minor by 16.5% during the second quarter. Renaissance Technologies LLC now owns 1,246,600 shares of the company’s stock worth $16,829,000 after purchasing an additional 176,250 shares during the period. 98.04% of the stock is owned by institutional investors and hedge funds.

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.