Owens & Minor (NYSE:OMI) Rating Lowered to Hold at StockNews.com

StockNews.com downgraded shares of Owens & Minor (NYSE:OMI) from a buy rating to a hold rating in a research report released on Monday.

A number of other research analysts have also issued reports on the company. JPMorgan Chase & Co. reduced their price objective on Owens & Minor from $22.00 to $18.00 and set an underweight rating for the company in a research report on Wednesday, August 21st. Citigroup upgraded Owens & Minor from a neutral rating to a buy rating and reduced their price objective for the stock from $24.00 to $19.00 in a research report on Friday, July 19th. Barclays lowered their target price on Owens & Minor from $23.00 to $18.00 and set an equal weight rating on the stock in a research report on Monday, August 5th. Bank of America decreased their price target on Owens & Minor from $18.00 to $16.00 and set an underperform rating for the company in a research note on Tuesday, June 25th. Finally, Robert W. Baird lowered their price target on Owens & Minor from $20.00 to $19.00 and set a neutral rating on the stock in a report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $20.00.

Owens & Minor Stock Up 1.1 %

Shares of NYSE:OMI opened at $15.89 on Monday. Owens & Minor has a 1-year low of $12.36 and a 1-year high of $28.35. The company’s fifty day moving average is $15.03 and its two-hundred day moving average is $19.75. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.51 and a current ratio of 1.09. The stock has a market capitalization of $1.22 billion, a price-to-earnings ratio of -31.16, a price-to-earnings-growth ratio of 0.50 and a beta of 0.25.

Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Friday, August 2nd. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Owens & Minor had a negative net margin of 0.40% and a positive return on equity of 14.66%. The firm had revenue of $2.67 billion for the quarter, compared to analyst estimates of $2.65 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. Owens & Minor’s quarterly revenue was up 4.2% on a year-over-year basis. Equities analysts anticipate that Owens & Minor will post 1.57 EPS for the current year.

Insider Transactions at Owens & Minor

In other news, CFO Alexander J. Bruni sold 10,568 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $17.76, for a total value of $187,687.68. Following the completion of the sale, the chief financial officer now owns 49,950 shares in the company, valued at $887,112. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Owens & Minor news, Director Mark A. Beck sold 9,344 shares of Owens & Minor stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $17.25, for a total value of $161,184.00. Following the transaction, the director now owns 11,154 shares in the company, valued at $192,406.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Alexander J. Bruni sold 10,568 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $17.76, for a total value of $187,687.68. Following the completion of the transaction, the chief financial officer now directly owns 49,950 shares in the company, valued at approximately $887,112. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 29,892 shares of company stock valued at $521,725. Corporate insiders own 3.59% of the company’s stock.

Institutional Investors Weigh In On Owens & Minor

Several hedge funds have recently modified their holdings of OMI. Riverview Trust Co acquired a new position in shares of Owens & Minor in the first quarter worth about $25,000. Quarry LP grew its position in Owens & Minor by 290.1% during the 2nd quarter. Quarry LP now owns 2,099 shares of the company’s stock worth $28,000 after purchasing an additional 1,561 shares in the last quarter. Quest Partners LLC acquired a new stake in Owens & Minor during the 4th quarter valued at $41,000. Hexagon Capital Partners LLC lifted its holdings in shares of Owens & Minor by 1,240.2% in the first quarter. Hexagon Capital Partners LLC now owns 1,568 shares of the company’s stock valued at $43,000 after purchasing an additional 1,451 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in shares of Owens & Minor in the second quarter valued at $43,000. 98.04% of the stock is owned by hedge funds and other 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.