Insider Selling: Owens & Minor, Inc. (NYSE:OMI) CFO Sells $62,433.24 in Stock

Owens & Minor, Inc. (NYSE:OMI) CFO Jonathan A. Leon sold 5,282 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $11.82, for a total value of $62,433.24. Following the completion of the transaction, the chief financial officer now owns 130,822 shares of the company’s stock, valued at $1,546,316.04. The trade was a 3.88 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Owens & Minor Trading Up 0.9 %

Shares of NYSE:OMI opened at $13.31 on Thursday. The company has a market cap of $1.03 billion, a PE ratio of -20.48, a P/E/G ratio of 0.47 and a beta of 0.41. The company’s 50 day moving average is $13.65 and its two-hundred day moving average is $15.09. Owens & Minor, Inc. has a 52 week low of $11.42 and a 52 week high of $28.35. The company has a current ratio of 1.09, a quick ratio of 0.45 and a debt-to-equity ratio of 2.11.

Owens & Minor (NYSE:OMI) last announced its quarterly earnings results on Monday, November 4th. The company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. Owens & Minor had a positive return on equity of 14.60% and a negative net margin of 0.46%. The company had revenue of $2.72 billion during the quarter, compared to the consensus estimate of $2.68 billion. During the same period in the previous year, the business earned $0.44 EPS. Owens & Minor’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts predict that Owens & Minor, Inc. will post 1.49 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Owens & Minor

Several hedge funds have recently added to or reduced their stakes in the stock. FMR LLC lifted its position in shares of Owens & Minor by 0.8% during the 3rd quarter. FMR LLC now owns 11,564,624 shares of the company’s stock worth $181,449,000 after buying an additional 90,862 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Owens & Minor by 1.9% during the first quarter. Vanguard Group Inc. now owns 8,749,866 shares of the company’s stock worth $242,459,000 after buying an additional 162,182 shares during the period. Deerfield Management Company L.P. Series C grew its holdings in shares of Owens & Minor by 30.6% during the second quarter. Deerfield Management Company L.P. Series C now owns 6,371,440 shares of the company’s stock worth $86,014,000 after buying an additional 1,493,852 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Owens & Minor by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,534,204 shares of the company’s stock valued at $61,213,000 after acquiring an additional 76,599 shares during the period. Finally, State Street Corp raised its stake in Owens & Minor by 2.6% during the 3rd quarter. State Street Corp now owns 3,064,547 shares of the company’s stock valued at $48,083,000 after acquiring an additional 78,985 shares during the last quarter. 98.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on OMI. StockNews.com downgraded shares of Owens & Minor from a “buy” rating to a “hold” rating in a report on Monday, August 26th. Citigroup dropped their target price on Owens & Minor from $21.00 to $18.50 and set a “buy” rating for the company in a research report on Tuesday, November 5th. Barclays reduced their price target on shares of Owens & Minor from $18.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Tuesday, November 5th. JPMorgan Chase & Co. dropped their price objective on shares of Owens & Minor from $22.00 to $18.00 and set an “underweight” rating for the company in a report on Wednesday, August 21st. Finally, Robert W. Baird cut their target price on shares of Owens & Minor from $19.00 to $14.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $18.50.

Owens & Minor Company Profile

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