Owens & Minor (NYSE:OMI) Trading Down 4.4% – Should You Sell?

Owens & Minor, Inc. (NYSE:OMI)’s share price traded down 4.4% during trading on Thursday . The company traded as low as $9.73 and last traded at $9.65. 241,165 shares were traded during mid-day trading, a decline of 85% from the average session volume of 1,603,606 shares. The stock had previously closed at $10.09.

Analyst Upgrades and Downgrades

OMI has been the topic of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Owens & Minor from $14.00 to $10.00 and set an “underweight” rating on the stock in a report on Monday, March 10th. UBS Group dropped their price objective on shares of Owens & Minor from $25.00 to $13.00 and set a “buy” rating on the stock in a research note on Thursday, February 13th. Finally, Robert W. Baird lifted their target price on Owens & Minor from $10.00 to $11.00 and gave the company a “neutral” rating in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $13.75.

Owens & Minor Stock Down 4.7 %

The company has a quick ratio of 0.45, a current ratio of 1.09 and a debt-to-equity ratio of 2.11. The firm’s 50 day simple moving average is $10.62 and its 200 day simple moving average is $12.68. The company has a market cap of $742.73 million, a price-to-earnings ratio of -14.75, a price-to-earnings-growth ratio of 0.20 and a beta of 0.61.

Owens & Minor (NYSE:OMI) last announced its earnings results on Friday, February 28th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The firm had revenue of $2.70 billion for the quarter, compared to the consensus estimate of $2.68 billion. During the same quarter in the previous year, the business earned $0.69 EPS. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. Sell-side analysts anticipate that Owens & Minor, Inc. will post 1.51 EPS for the current fiscal year.

Owens & Minor declared that its board has initiated a share repurchase program on Friday, February 28th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to repurchase up to 13.6% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In related news, major shareholder Coliseum Capital Management, L bought 354,901 shares of the firm’s stock in a transaction that occurred on Monday, March 3rd. The shares were acquired at an average cost of $9.19 per share, for a total transaction of $3,261,540.19. Following the acquisition, the insider now directly owns 9,824,599 shares of the company’s stock, valued at $90,288,064.81. The trade was a 3.75 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 3.59% of the stock is owned by company insiders.

Hedge Funds Weigh In On Owens & Minor

A number of institutional investors have recently bought and sold shares of the stock. Inspire Advisors LLC lifted its stake in Owens & Minor by 11.2% during the fourth quarter. Inspire Advisors LLC now owns 15,350 shares of the company’s stock valued at $201,000 after buying an additional 1,548 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Owens & Minor by 57.4% during the fourth quarter. Blue Trust Inc. now owns 4,387 shares of the company’s stock valued at $57,000 after acquiring an additional 1,600 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Owens & Minor by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,930 shares of the company’s stock valued at $561,000 after acquiring an additional 1,662 shares in the last quarter. Sterling Capital Management LLC boosted its stake in Owens & Minor by 758.3% in the 4th quarter. Sterling Capital Management LLC now owns 2,060 shares of the company’s stock worth $27,000 after purchasing an additional 1,820 shares during the period. Finally, Legal & General Group Plc boosted its stake in Owens & Minor by 0.9% in the 4th quarter. Legal & General Group Plc now owns 212,061 shares of the company’s stock worth $2,772,000 after purchasing an additional 1,991 shares during the period. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Owens & Minor Company Profile

Owens & Minor, Inc is a healthcare solutions company, which engages in the product manufacturing and delivery, home health supply, and perioperative services to support care through the hospital and into the home. It operates through the Products and Healthcare Services, and Patient Direct segments.