Inspire Investing LLC Raises Stock Holdings in Owens & Minor, Inc. $OMI

Inspire Investing LLC boosted its stake in Owens & Minor, Inc. (NYSE:OMI) by 19.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 52,831 shares of the company’s stock after acquiring an additional 8,561 shares during the period. Inspire Investing LLC’s holdings in Owens & Minor were worth $481,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new stake in Owens & Minor in the 1st quarter valued at about $34,000. Headlands Technologies LLC purchased a new stake in Owens & Minor in the 1st quarter valued at about $55,000. Blue Trust Inc. raised its holdings in Owens & Minor by 52.2% in the 2nd quarter. Blue Trust Inc. now owns 6,709 shares of the company’s stock valued at $61,000 after buying an additional 2,302 shares during the period. GAMMA Investing LLC raised its holdings in Owens & Minor by 713.4% in the 1st quarter. GAMMA Investing LLC now owns 9,265 shares of the company’s stock valued at $84,000 after buying an additional 8,126 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in Owens & Minor by 25.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 9,660 shares of the company’s stock valued at $88,000 after buying an additional 1,932 shares during the period. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Owens & Minor

In related news, major shareholder Coliseum Capital Management, L acquired 720,000 shares of the stock in a transaction dated Tuesday, August 12th. The stock was acquired at an average cost of $5.15 per share, with a total value of $3,708,000.00. Following the completion of the transaction, the insider owned 12,282,955 shares in the company, valued at $63,257,218.25. This represents a 6.23% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders bought 1,537,852 shares of company stock worth $8,099,544 over the last three months. Insiders own 3.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on OMI. Bank of America reduced their price objective on shares of Owens & Minor from $7.50 to $4.75 and set an “underperform” rating on the stock in a report on Tuesday, August 12th. Citigroup reaffirmed a “buy” rating and issued a $7.00 target price (down from $11.00) on shares of Owens & Minor in a research report on Tuesday, August 12th. Zacks Research downgraded Owens & Minor from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 2nd. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Owens & Minor in a research report on Wednesday, October 8th. Finally, Baird R W raised Owens & Minor from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and four have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.63.

Owens & Minor Stock Performance

Shares of Owens & Minor stock opened at $4.50 on Monday. Owens & Minor, Inc. has a one year low of $4.34 and a one year high of $15.54. The company has a market cap of $347.58 million, a PE ratio of -0.29 and a beta of 1.26. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.83 and a current ratio of 0.86. The business has a 50-day simple moving average of $5.28 and a 200-day simple moving average of $6.78.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Monday, August 11th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). Owens & Minor had a positive return on equity of 26.59% and a negative net margin of 13.78%.The company had revenue of $681.90 million for the quarter, compared to analyst estimates of $2.73 billion. During the same period in the prior year, the firm posted $0.36 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. On average, equities research analysts forecast that Owens & Minor, Inc. will post 1.51 EPS for the current fiscal year.

Owens & Minor 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.