Advisors Preferred LLC Sells 224,055 Shares of Owens & Minor, Inc. $OMI

Advisors Preferred LLC cut its stake in Owens & Minor, Inc. (NYSE:OMI) by 82.5% in the second quarter, HoldingsChannel reports. The fund owned 47,415 shares of the company’s stock after selling 224,055 shares during the period. Advisors Preferred LLC’s holdings in Owens & Minor were worth $447,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. DekaBank Deutsche Girozentrale raised its stake in shares of Owens & Minor by 76.6% in the second quarter. DekaBank Deutsche Girozentrale now owns 3,126 shares of the company’s stock worth $28,000 after acquiring an additional 1,356 shares during the last quarter. Quarry LP bought a new position in shares of Owens & Minor in the first quarter worth about $34,000. Headlands Technologies LLC bought a new position in shares of Owens & Minor in the first quarter worth about $55,000. Blue Trust Inc. raised its stake in shares of Owens & Minor by 52.2% in the second quarter. Blue Trust Inc. now owns 6,709 shares of the company’s stock worth $61,000 after acquiring an additional 2,302 shares during the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Owens & Minor by 713.4% in the first quarter. GAMMA Investing LLC now owns 9,265 shares of the company’s stock worth $84,000 after acquiring an additional 8,126 shares during the last quarter. 98.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on OMI shares. Zacks Research raised shares of Owens & Minor from a “strong sell” rating to a “hold” rating in a research note on Friday, October 10th. Weiss Ratings reissued a “sell (e+)” rating on shares of Owens & Minor in a research note on Wednesday, October 8th. Robert W. Baird dropped their price target on shares of Owens & Minor from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Citigroup reissued a “buy” rating and set a $7.00 price target (down from $11.00) on shares of Owens & Minor in a research note on Tuesday, August 12th. Finally, Bank of America dropped their price target on shares of Owens & Minor from $7.50 to $4.75 and set an “underperform” rating for the company in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.63.

Owens & Minor Stock Down 13.0%

Shares of NYSE OMI opened at $3.46 on Tuesday. The stock has a market cap of $266.88 million, a P/E ratio of -0.22 and a beta of 1.26. The firm has a 50 day moving average price of $5.01 and a 200 day moving average price of $6.44. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.83 and a current ratio of 0.86. Owens & Minor, Inc. has a 52-week low of $3.39 and a 52-week high of $15.54.

Owens & Minor (NYSE:OMI) last issued its quarterly earnings data on Thursday, October 30th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. The firm had revenue of $697.26 million during the quarter, compared to analysts’ expectations of $704.06 million. Owens & Minor had a negative net margin of 13.78% and a positive return on equity of 26.59%. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.36 earnings per share. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. Analysts expect that Owens & Minor, Inc. will post 1.51 EPS for the current year.

Insider Transactions at Owens & Minor

In other news, major shareholder Coliseum Capital Management, L acquired 720,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 12th. The stock was purchased at an average price of $5.15 per share, for a total transaction of $3,708,000.00. Following the completion of the acquisition, the insider owned 12,282,955 shares in the company, valued at $63,257,218.25. This trade represents a 6.23% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 1,537,852 shares of company stock worth $8,099,544 in the last ninety days. 3.69% of the stock is currently owned by insiders.

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.