Owens & Minor (NYSE:OMI) Hits New 12-Month Low at $12.36

Owens & Minor, Inc. (NYSE:OMI)’s share price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $12.36 and last traded at $12.55, with a volume of 152651 shares trading hands. The stock had previously closed at $12.69.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on OMI shares. Citigroup boosted their target price on shares of Owens & Minor from $24.00 to $28.00 and gave the company a “neutral” rating in a research report on Tuesday, April 30th. Bank of America reduced their target price on shares of Owens & Minor from $18.00 to $16.00 and set an “underperform” rating for the company in a research report on Tuesday, June 25th. StockNews.com cut shares of Owens & Minor from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Finally, Robert W. Baird cut their price objective on shares of Owens & Minor from $24.00 to $20.00 and set a “neutral” rating for the company in a research report on Tuesday, June 25th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $21.88.

Owens & Minor Price Performance

The stock has a market cap of $1.01 billion, a P/E ratio of -25.82, a PEG ratio of 0.41 and a beta of 0.25. The company has a debt-to-equity ratio of 2.17, a current ratio of 1.16 and a quick ratio of 0.56. The business’s fifty day moving average price is $16.83 and its 200 day moving average price is $20.76.

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

Insider Activity

In other news, SVP Jonathan A. Leon sold 5,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the senior vice president now owns 84,673 shares of the company’s stock, valued at $2,103,277.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Owens & Minor news, SVP Jonathan A. Leon sold 5,000 shares of the stock in a transaction that occurred on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total transaction of $124,200.00. Following the transaction, the senior vice president now directly owns 84,673 shares in the company, valued at approximately $2,103,277.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Alexander J. Bruni sold 10,568 shares of the 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 transaction, the chief financial officer now owns 49,950 shares in the company, valued at $887,112. The disclosure for this sale can be found here. Insiders sold 36,923 shares of company stock valued at $686,911 over the last quarter. 2.62% of the stock is owned by company insiders.

Hedge Funds Weigh In On Owens & Minor

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