Williams & Novak LLC Buys 4,240 Shares of Owens & Minor, Inc. $OMI

Williams & Novak LLC raised its stake in Owens & Minor, Inc. (NYSE:OMI) by 35.8% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,076 shares of the company’s stock after buying an additional 4,240 shares during the quarter. Williams & Novak LLC’s holdings in Owens & Minor were worth $146,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Blue Trust Inc. lifted its stake in Owens & Minor by 52.2% in the second quarter. Blue Trust Inc. now owns 6,709 shares of the company’s stock valued at $61,000 after buying an additional 2,302 shares in the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management lifted its stake in Owens & Minor by 12.8% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 42,485 shares of the company’s stock valued at $387,000 after buying an additional 4,817 shares in the last quarter. SummerHaven Investment Management LLC lifted its stake in Owens & Minor by 3.6% in the second quarter. SummerHaven Investment Management LLC now owns 61,555 shares of the company’s stock valued at $560,000 after buying an additional 2,125 shares in the last quarter. State of Alaska Department of Revenue lifted its stake in Owens & Minor by 6.8% in the second quarter. State of Alaska Department of Revenue now owns 43,748 shares of the company’s stock valued at $397,000 after buying an additional 2,796 shares in the last quarter. Finally, Public Employees Retirement System of Ohio lifted its position in shares of Owens & Minor by 25.0% in the second quarter. Public Employees Retirement System of Ohio now owns 9,660 shares of the company’s stock worth $88,000 after purchasing an additional 1,932 shares in the last quarter. Institutional investors own 98.04% of the company’s stock.

Insider Buying and Selling

In other Owens & Minor news, major shareholder Coliseum Capital Management, L purchased 720,000 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were acquired at an average cost of $5.15 per share, with a total value of $3,708,000.00. Following the completion of the transaction, the insider owned 12,282,955 shares in the company, valued at $63,257,218.25. The trade was a 6.23% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 1,537,852 shares of company stock worth $8,099,544 over the last 90 days. 3.69% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on OMI. Bank of America cut their price objective on shares of Owens & Minor from $7.50 to $4.75 and set an “underperform” rating on the stock in a research report on Tuesday, August 12th. Robert W. Baird cut their price objective on shares of Owens & Minor from $10.00 to $7.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 12th. JPMorgan Chase & Co. cut their price objective on shares of Owens & Minor from $7.00 to $6.00 and set an “underweight” rating on the stock in a research report on Wednesday, August 27th. Baird R W raised shares of Owens & Minor from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 8th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Owens & Minor in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.63.

Owens & Minor Price Performance

NYSE:OMI opened at $4.50 on Friday. Owens & Minor, Inc. has a one year low of $4.34 and a one year high of $15.54. The company has a market cap of $347.58 million, a P/E ratio of -0.29 and a beta of 1.26. The firm’s fifty day moving average price is $5.28 and its two-hundred day moving average price is $6.81. The company has a debt-to-equity ratio of 3.32, a current ratio of 0.86 and a quick ratio of 0.83.

Owens & Minor (NYSE:OMI) last released its quarterly earnings data on Monday, August 11th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). Owens & Minor had a negative net margin of 13.78% and a positive return on equity of 26.59%. The company had revenue of $681.90 million during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the prior year, the firm earned $0.36 earnings per share. Owens & Minor’s revenue for the quarter was up 3.3% on a year-over-year basis. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. Equities analysts expect that Owens & Minor, Inc. will post 1.51 earnings per share for the current year.

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.