Owens & Minor (NYSE:OMI) Stock Price Down 5.4%

Shares of Owens & Minor, Inc. (NYSE:OMI) fell 5.4% on Monday . The company traded as low as $16.03 and last traded at $16.05. 392,925 shares traded hands during trading, a decline of 45% from the average session volume of 708,673 shares. The stock had previously closed at $16.97.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on OMI shares. StockNews.com lowered shares of Owens & Minor from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Robert W. Baird lowered their price target on Owens & Minor from $24.00 to $20.00 and set a “neutral” rating for the company in a report on Tuesday. Citigroup boosted their price objective on Owens & Minor from $24.00 to $28.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 30th. Bank of America lowered their target price on Owens & Minor from $18.00 to $16.00 and set an “underperform” rating for the company in a research note on Tuesday. Finally, TheStreet raised Owens & Minor from a “d+” rating to a “c-” rating in a research report on Monday, March 4th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. According to MarketBeat, Owens & Minor currently has an average rating of “Hold” and an average target price of $21.88.

Owens & Minor Stock Performance

The company has a current ratio of 1.16, a quick ratio of 0.56 and a debt-to-equity ratio of 2.17. The company has a market capitalization of $1.11 billion, a price-to-earnings ratio of -28.57, a price-to-earnings-growth ratio of 0.50 and a beta of 0.33. The stock has a 50-day simple moving average of $19.33 and a 200-day simple moving average of $21.39.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. The firm had revenue of $2.61 billion for the quarter, compared to analysts’ expectations of $2.61 billion. Owens & Minor had a negative net margin of 0.37% and a positive return on equity of 12.97%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.05 earnings per share. On average, analysts anticipate that Owens & Minor, Inc. will post 1.53 earnings per share for the current year.

Insider Transactions at Owens & Minor

In related news, SVP Jonathan A. Leon sold 5,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $24.84, for a total value of $124,200.00. Following the completion of the sale, the senior vice president now directly owns 84,673 shares of the company’s stock, valued at $2,103,277.32. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, EVP Heath H. Galloway sold 2,031 shares of Owens & Minor stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $20.18, for a total value of $40,985.58. Following the completion of the transaction, the executive vice president now directly owns 56,898 shares of the company’s stock, 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, SVP Jonathan A. Leon sold 5,000 shares of the business’s stock in a transaction dated Monday, April 22nd. The shares were sold at an average price of $24.84, for a total transaction of $124,200.00. Following the sale, the senior vice president now directly owns 84,673 shares of the company’s stock, valued at approximately $2,103,277.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,923 shares of company stock valued at $686,911. Insiders own 3.59% of the company’s stock.

Hedge Funds Weigh In On Owens & Minor

Large investors have recently bought and sold shares of the business. Riverview Trust Co bought a new position in shares of Owens & Minor during the first quarter worth about $25,000. DekaBank Deutsche Girozentrale acquired a new position in Owens & Minor during the 3rd quarter valued at about $29,000. Quest Partners LLC acquired a new stake in shares of Owens & Minor in the fourth quarter valued at approximately $41,000. Hexagon Capital Partners LLC increased its stake 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 during the period. Finally, GAMMA Investing LLC raised its holdings 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 last quarter. Institutional investors own 98.04% of the company’s stock.

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.