Jonathan A. Leon Sells 5,000 Shares of Owens & Minor, Inc. (NYSE:OMI) Stock

Owens & Minor, Inc. (NYSE:OMIGet Free Report) SVP Jonathan A. Leon sold 5,000 shares of Owens & Minor stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $18.62, for a total value of $93,100.00. Following the completion of the transaction, the senior vice president now owns 98,213 shares in the company, valued at approximately $1,828,726.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Owens & Minor Stock Performance

NYSE:OMI opened at $19.00 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 1.23 and a debt-to-equity ratio of 2.38. Owens & Minor, Inc. has a twelve month low of $11.79 and a twelve month high of $22.86. The stock has a market cap of $1.45 billion, a P/E ratio of -12.34, a price-to-earnings-growth ratio of 4.56 and a beta of 0.35. The firm’s fifty day simple moving average is $16.13 and its 200 day simple moving average is $17.13.

Owens & Minor (NYSE:OMIGet Free Report) last announced its quarterly earnings results on Friday, November 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.06. Owens & Minor had a negative net margin of 1.14% and a positive return on equity of 8.06%. The company had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter in the previous year, the company earned $0.41 earnings per share. Owens & Minor’s quarterly revenue was up 3.8% on a year-over-year basis. As a group, research analysts predict that Owens & Minor, Inc. will post 1.33 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. TheStreet lowered Owens & Minor from a “c-” rating to a “d+” rating in a research report on Thursday, October 12th. Credit Suisse Group lifted their target price on shares of Owens & Minor from $18.00 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 8th. JPMorgan Chase & Co. dropped their price target on shares of Owens & Minor from $21.00 to $19.00 and set an “underweight” rating for the company in a research report on Friday. Citigroup decreased their price objective on shares of Owens & Minor from $23.00 to $21.00 in a research report on Friday, August 4th. Finally, StockNews.com initiated coverage on shares of Owens & Minor in a report on Thursday, October 5th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $20.80.

Read Our Latest Analysis on Owens & Minor

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in OMI. Advisor Group Holdings Inc. raised its holdings in Owens & Minor by 10.1% in the first quarter. Advisor Group Holdings Inc. now owns 4,858 shares of the company’s stock worth $214,000 after purchasing an additional 444 shares in the last quarter. US Bancorp DE increased its stake in shares of Owens & Minor by 67.4% in the 1st quarter. US Bancorp DE now owns 1,145 shares of the company’s stock worth $51,000 after acquiring an additional 461 shares in the last quarter. Delphia USA Inc. lifted its position in Owens & Minor by 8.2% during the 1st quarter. Delphia USA Inc. now owns 6,163 shares of the company’s stock valued at $271,000 after acquiring an additional 469 shares during the period. Baird Financial Group Inc. lifted its position in Owens & Minor by 3.5% during the 1st quarter. Baird Financial Group Inc. now owns 14,784 shares of the company’s stock valued at $650,000 after acquiring an additional 503 shares during the period. Finally, Lindbrook Capital LLC boosted its stake in Owens & Minor by 60.6% during the second quarter. Lindbrook Capital LLC now owns 1,487 shares of the company’s stock worth $28,000 after acquiring an additional 561 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Owens & Minor Company Profile

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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.

Further Reading

Insider Buying and Selling by Quarter for Owens & Minor (NYSE:OMI)

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