Owens & Minor, Inc. (NYSE:OMI) Short Interest Update

Owens & Minor, Inc. (NYSE:OMI) was the target of a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 3,680,000 shares, a decrease of 23.8% from the February 28th total of 4,830,000 shares. Approximately 5.3% of the shares of the stock are short sold. Based on an average daily volume of 1,510,000 shares, the days-to-cover ratio is presently 2.4 days.

Insider Transactions at Owens & Minor

In other news, major shareholder Coliseum Capital Management, L bought 354,901 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of $9.19 per share, for a total transaction of $3,261,540.19. Following the completion of the purchase, the insider now owns 9,824,599 shares of the company’s stock, valued at approximately $90,288,064.81. The trade was a 3.75 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 3.59% of the stock is owned by insiders.

Hedge Funds Weigh In On Owens & Minor

A number of hedge funds and other institutional investors have recently bought and sold shares of OMI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Owens & Minor by 29.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 219,761 shares of the company’s stock valued at $2,872,000 after acquiring an additional 50,184 shares during the last quarter. Voloridge Investment Management LLC grew its stake in shares of Owens & Minor by 24.2% during the fourth quarter. Voloridge Investment Management LLC now owns 243,525 shares of the company’s stock worth $3,183,000 after purchasing an additional 47,459 shares during the period. Squarepoint Ops LLC bought a new stake in Owens & Minor in the fourth quarter valued at about $381,000. State of Wyoming lifted its stake in Owens & Minor by 35.3% in the fourth quarter. State of Wyoming now owns 23,198 shares of the company’s stock valued at $303,000 after buying an additional 6,050 shares during the period. Finally, ProShare Advisors LLC boosted its holdings in Owens & Minor by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 22,702 shares of the company’s stock worth $297,000 after buying an additional 6,996 shares during the last quarter. 98.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Robert W. Baird lifted their price objective on Owens & Minor from $10.00 to $11.00 and gave the company a “neutral” rating in a research report on Monday, March 3rd. UBS Group cut their price target on Owens & Minor from $25.00 to $13.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their price objective 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Owens & Minor has a consensus rating of “Hold” and a consensus target price of $13.75.

Owens & Minor Stock Up 1.2 %

NYSE OMI opened at $8.60 on Monday. The stock has a market capitalization of $664.17 million, a P/E ratio of -13.23, a price-to-earnings-growth ratio of 0.20 and a beta of 0.61. Owens & Minor has a 52 week low of $6.07 and a 52 week high of $28.35. 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 fifty day moving average of $9.84 and a 200-day moving average of $12.36.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings data on Friday, February 28th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $2.68 billion. During the same period last year, the company earned $0.69 earnings per share. The company’s revenue was up 1.5% on a year-over-year basis. On average, equities research analysts forecast that Owens & Minor will post 1.51 EPS for the current year.

Owens & Minor declared that its Board of Directors has authorized a stock buyback plan on Friday, February 28th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 13.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.