Owens & Minor (NYSE:OMI) Trading 4.4% Higher – Still a Buy?

Shares of Owens & Minor, Inc. (NYSE:OMI) were up 4.4% on Tuesday . The company traded as high as $13.26 and last traded at $13.22. Approximately 236,128 shares traded hands during mid-day trading, a decline of 71% from the average daily volume of 800,605 shares. The stock had previously closed at $12.66.

Wall Street Analysts Forecast Growth

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

Owens & Minor Stock Up 3.9 %

The company has a debt-to-equity ratio of 2.11, a quick ratio of 0.45 and a current ratio of 1.09. The stock’s fifty day simple moving average is $13.13 and its two-hundred day simple moving average is $14.36. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of -20.25, a P/E/G ratio of 0.48 and a beta of 0.42.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Monday, November 4th. The company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.01. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate 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 quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS. On average, sell-side analysts anticipate that Owens & Minor, Inc. will post 1.49 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Jonathan A. Leon sold 5,282 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $11.82, for a total value of $62,433.24. Following the completion of the sale, the chief financial officer now directly owns 130,822 shares of the company’s stock, valued at approximately $1,546,316.04. This represents a 3.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.59% of the company’s stock.

Institutional Investors Weigh In On Owens & Minor

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC lifted its stake in Owens & Minor by 100.6% in the second quarter. Allspring Global Investments Holdings LLC now owns 6,071 shares of the company’s stock valued at $82,000 after acquiring an additional 3,044 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Owens & Minor by 11.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,364 shares of the company’s stock worth $207,000 after acquiring an additional 1,630 shares in the last quarter. Wolverine Asset Management LLC increased its holdings in shares of Owens & Minor by 7.8% during the 2nd quarter. Wolverine Asset Management LLC now owns 137,430 shares of the company’s stock valued at $1,855,000 after acquiring an additional 10,000 shares during the last quarter. Privium Fund Management UK Ltd bought a new position in shares of Owens & Minor in the 2nd quarter valued at approximately $257,000. Finally, Arizona State Retirement System lifted its holdings in Owens & Minor by 7.7% in the 2nd quarter. Arizona State Retirement System now owns 20,371 shares of the company’s stock worth $275,000 after purchasing an additional 1,449 shares during the last quarter. Hedge funds and other 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.