Michael Wayne Lowry Sells 10,000 Shares of Owens & Minor, Inc. (NYSE:OMI) Stock

Owens & Minor, Inc. (NYSE:OMIGet Free Report) SVP Michael Wayne Lowry sold 10,000 shares of Owens & Minor stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the transaction, the senior vice president now owns 71,654 shares of the company’s stock, valued at approximately $1,791,350. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Owens & Minor Stock Up 1.1 %

NYSE OMI traded up $0.27 during trading hours on Wednesday, hitting $25.04. The company had a trading volume of 842,705 shares, compared to its average volume of 729,197. The firm’s 50 day moving average is $20.32 and its 200 day moving average is $18.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 1.11 and a quick ratio of 0.52. Owens & Minor, Inc. has a fifty-two week low of $11.79 and a fifty-two week high of $25.16. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of -46.37, a P/E/G ratio of 0.75 and a beta of 0.34.

Owens & Minor (NYSE:OMIGet Free Report) last posted its earnings results on Tuesday, February 20th. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.66 by $0.03. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.67 billion. Owens & Minor had a positive return on equity of 11.62% and a negative net margin of 0.40%. The company’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. Sell-side analysts anticipate that Owens & Minor, Inc. will post 1.54 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in OMI. BlackRock Inc. increased its stake in Owens & Minor by 1.4% during the 1st quarter. BlackRock Inc. now owns 11,896,845 shares of the company’s stock worth $523,700,000 after buying an additional 168,282 shares during the period. FMR LLC increased its position in shares of Owens & Minor by 10.6% during the third quarter. FMR LLC now owns 11,479,209 shares of the company’s stock worth $185,504,000 after acquiring an additional 1,103,275 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Owens & Minor by 0.3% in the third quarter. Vanguard Group Inc. now owns 8,592,904 shares of the company’s stock worth $138,861,000 after acquiring an additional 25,891 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Owens & Minor by 1.0% in the first quarter. Wellington Management Group LLP now owns 7,552,955 shares of the company’s stock valued at $332,482,000 after purchasing an additional 77,252 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C grew its stake in Owens & Minor by 35.6% during the 3rd quarter. Deerfield Management Company L.P. Series C now owns 6,435,000 shares of the company’s stock valued at $103,990,000 after purchasing an additional 1,690,000 shares in the last quarter. 98.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on OMI shares. UBS Group lowered their price objective on Owens & Minor from $28.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, January 29th. Citigroup increased their price target on shares of Owens & Minor from $23.00 to $24.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. StockNews.com raised shares of Owens & Minor from a “hold” rating to a “buy” rating in a research note on Wednesday, February 21st. Barclays increased their target price on Owens & Minor from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 21st. Finally, SVB Leerink assumed coverage on Owens & Minor in a research report on Monday. They set a “market perform” rating and a $24.00 price target for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $22.29.

Read Our Latest Analysis on Owens & Minor

About Owens & Minor

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Owens & Minor, Inc, together with its subsidiaries, operates as a healthcare solutions company worldwide. It operates in two segments, Products & Healthcare Services and Patient Direct. The Products & Healthcare Services segment offers a portfolio of products and services to healthcare providers and manufacturers.

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