Owens & Minor (NYSE:OMI) Sets New 12-Month Low – Should You Sell?

Owens & Minor, Inc. (NYSE:OMI) reached a new 52-week low during trading on Monday . The stock traded as low as $10.74 and last traded at $10.89, with a volume of 743336 shares traded. The stock had previously closed at $14.24.

Analysts Set New Price Targets

OMI has been the subject of a number of recent research reports. Citigroup cut their price objective on Owens & Minor from $21.00 to $18.50 and set a “buy” rating for the company in a research note on Tuesday, November 5th. Robert W. Baird decreased their price objective on shares of Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a research report on Tuesday, November 5th. Barclays cut their price target on Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating for the company in a research note on Tuesday, November 5th. Finally, UBS Group reduced their price objective on shares of Owens & Minor from $28.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Owens & Minor presently has an average rating of “Hold” and an average target price of $18.50.

Owens & Minor Price Performance

The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11. The firm’s 50-day moving average price is $13.86 and its 200-day moving average price is $14.32. The stock has a market capitalization of $742.26 million, a PE ratio of -14.81, a PEG ratio of 0.40 and a beta of 0.48.

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

Insiders Place Their Bets

In other news, CFO Jonathan A. Leon sold 5,282 shares of the company’s stock in a transaction dated 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 directly owns 130,822 shares in the company, valued at approximately $1,546,316.04. This represents a 3.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.62% of the stock is owned by insiders.

Hedge Funds Weigh In On Owens & Minor

A number of hedge funds have recently added to or reduced their stakes in OMI. Principal Financial Group Inc. increased its holdings in shares of Owens & Minor by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 358,907 shares of the company’s stock valued at $4,691,000 after acquiring an additional 10,152 shares during the period. Blue Trust Inc. raised its holdings in Owens & Minor by 57.4% in the fourth quarter. Blue Trust Inc. now owns 4,387 shares of the company’s stock worth $57,000 after purchasing an additional 1,600 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Owens & Minor by 5.1% during the fourth quarter. Empowered Funds LLC now owns 355,021 shares of the company’s stock valued at $4,640,000 after buying an additional 17,255 shares during the last quarter. Advisors Preferred LLC grew its position in shares of Owens & Minor by 173.9% in the 4th quarter. Advisors Preferred LLC now owns 84,305 shares of the company’s stock worth $1,083,000 after buying an additional 53,529 shares during the last quarter. Finally, Waldron Private Wealth LLC purchased a new stake in Owens & Minor during the fourth quarter valued at approximately $406,000. 98.04% of the stock is currently owned by institutional investors.

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.