Owens & Minor (NYSE:OMI) Shares Down 5% – Should You Sell?

Owens & Minor, Inc. (NYSE:OMI) traded down 5% during mid-day trading on Monday . The company traded as low as $7.03 and last traded at $7.01. 134,665 shares traded hands during mid-day trading, a decline of 91% from the average session volume of 1,542,744 shares. The stock had previously closed at $7.38.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on OMI shares. JPMorgan Chase & Co. cut their target price on shares of Owens & Minor from $14.00 to $10.00 and set an “underweight” rating for the company in a report on Monday, March 10th. Robert W. Baird upped their target price on Owens & Minor from $10.00 to $11.00 and gave the stock a “neutral” rating in a report on Monday, March 3rd. Citigroup cut their price objective on shares of Owens & Minor from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, UBS Group lowered their target price on Owens & Minor from $25.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Owens & Minor currently has a consensus rating of “Hold” and an average price target of $12.50.

Owens & Minor Price Performance

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 has a 50 day moving average of $7.87 and a 200-day moving average of $10.56. The company has a market cap of $546.97 million, a PE ratio of -10.89, a price-to-earnings-growth ratio of 0.20 and a beta of 1.38.

Owens & Minor (NYSE:OMI) last released its quarterly earnings results on Saturday, May 10th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.20 by $0.03. Owens & Minor had a negative net margin of 0.46% and a positive return on equity of 14.60%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.19 EPS. Equities analysts predict that Owens & Minor, Inc. will post 1.51 earnings per share for the current year.

Owens & Minor declared that its board has authorized a share buyback program on Friday, February 28th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to purchase up to 13.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling at Owens & Minor

In other 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 purchased at an average price of $9.19 per share, with a total value of $3,261,540.19. Following the purchase, the insider now owns 9,824,599 shares in the company, valued at approximately $90,288,064.81. The trade was a 3.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have purchased a total of 2,718,412 shares of company stock valued at $24,495,308 over the last ninety days. Corporate insiders own 3.69% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Sterling Capital Management LLC grew its stake in shares of Owens & Minor by 758.3% in the fourth quarter. Sterling Capital Management LLC now owns 2,060 shares of the company’s stock worth $27,000 after acquiring an additional 1,820 shares in the last quarter. Versant Capital Management Inc increased its holdings in Owens & Minor by 537.6% during the 1st quarter. Versant Capital Management Inc now owns 3,201 shares of the company’s stock worth $29,000 after purchasing an additional 2,699 shares during the period. Parallel Advisors LLC raised its position in Owens & Minor by 1,387.0% in the 1st quarter. Parallel Advisors LLC now owns 3,316 shares of the company’s stock valued at $30,000 after purchasing an additional 3,093 shares in the last quarter. Quarry LP purchased a new position in shares of Owens & Minor in the 1st quarter valued at about $34,000. Finally, Blue Trust Inc. grew its position 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 worth $57,000 after buying an additional 1,600 shares in the last quarter. Institutional investors and hedge funds 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.