Owens & Minor (NYSE:OMI) Shares Up 7.9%

Shares of Owens & Minor, Inc. (NYSE:OMI) traded up 7.9% on Tuesday . The company traded as high as $16.27 and last traded at $16.23. 306,389 shares traded hands during trading, a decline of 62% from the average session volume of 811,906 shares. The stock had previously closed at $15.04.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. StockNews.com downgraded shares of Owens & Minor from a “buy” rating to a “hold” rating in a report on Friday. Barclays reduced their price target on shares of Owens & Minor from $23.00 to $18.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Bank of America lowered their price objective on Owens & Minor from $18.00 to $16.00 and set an “underperform” rating on the stock in a research report on Tuesday, June 25th. Robert W. Baird reduced their target price on Owens & Minor from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, July 16th. Finally, Citigroup upgraded Owens & Minor from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $24.00 to $19.00 in a research note on Friday, July 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $20.14.

Owens & Minor Stock Up 6.3 %

The company has a quick ratio of 0.56, a current ratio of 1.16 and a debt-to-equity ratio of 2.17. The stock has a 50-day simple moving average of $15.31 and a two-hundred day simple moving average of $20.10. The firm has a market cap of $1.22 billion, a PE ratio of -31.49, a P/E/G ratio of 0.52 and a beta of 0.25.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Friday, August 2nd. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The company had revenue of $2.67 billion for the quarter, compared to analysts’ expectations of $2.65 billion. Owens & Minor had a positive return on equity of 12.97% and a negative net margin of 0.37%. Owens & Minor’s revenue for the quarter was up 4.2% compared to the same quarter last year. During the same period last year, the firm posted $0.18 EPS. Analysts expect that Owens & Minor, Inc. will post 1.54 earnings per share for the current year.

Insider Activity at Owens & Minor

In other news, EVP Heath H. Galloway sold 2,031 shares of Owens & Minor stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $20.18, for a total value of $40,985.58. Following the transaction, the executive vice president now owns 56,898 shares in the company, valued at $1,148,201.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Heath H. Galloway sold 2,031 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $20.18, for a total transaction of $40,985.58. Following the completion of the sale, the executive vice president now directly owns 56,898 shares in the company, valued at approximately $1,148,201.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Alexander J. Bruni sold 10,568 shares of the stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $17.76, for a total transaction of $187,687.68. Following the sale, the chief financial officer now directly owns 49,950 shares of the company’s stock, valued at approximately $887,112. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,923 shares of company stock valued at $562,711. Insiders own 3.59% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of OMI. GAMMA Investing LLC increased its stake in shares of Owens & Minor by 52.1% during the first quarter. GAMMA Investing LLC now owns 1,644 shares of the company’s stock valued at $46,000 after buying an additional 563 shares during the period. Quarry LP boosted its holdings in Owens & Minor by 38.8% in the fourth quarter. Quarry LP now owns 2,573 shares of the company’s stock valued at $50,000 after acquiring an additional 719 shares in the last quarter. Riverview Trust Co bought a new position in Owens & Minor in the 1st quarter worth $25,000. ProShare Advisors LLC lifted its position in shares of Owens & Minor by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 15,021 shares of the company’s stock worth $416,000 after purchasing an additional 1,029 shares during the period. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Owens & Minor by 1.8% during the 1st quarter. Texas Permanent School Fund Corp now owns 66,953 shares of the company’s stock valued at $1,855,000 after purchasing an additional 1,156 shares in the last quarter. Hedge funds and other 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.