Owens & Minor Target of Unusually High Options Trading (NYSE:OMI)

Owens & Minor, Inc. (NYSE:OMI) was the target of some unusual options trading on Monday. Stock traders bought 9,860 call options on the company. This represents an increase of approximately 1,549% compared to the average daily volume of 598 call options.

Owens & Minor Stock Up 4.1 %

OMI stock traded up $0.74 on Monday, hitting $18.95. 592,374 shares of the company’s stock were exchanged, compared to its average volume of 663,065. The stock has a market cap of $1.45 billion, a P/E ratio of -35.71, a price-to-earnings-growth ratio of 0.57 and a beta of 0.52. The company has a debt-to-equity ratio of 2.17, a quick ratio of 0.56 and a current ratio of 1.16. The firm has a 50 day moving average price of $25.35 and a two-hundred day moving average price of $21.49. Owens & Minor has a 12-month low of $13.64 and a 12-month high of $28.35.

Owens & Minor (NYSE:OMI) last posted its quarterly earnings data on Friday, May 3rd. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Owens & Minor had a negative net margin of 0.37% and a positive return on equity of 12.97%. The business had revenue of $2.61 billion for the quarter, compared to the consensus estimate of $2.61 billion. During the same period last year, the firm posted $0.05 earnings per share. The company’s revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts expect that Owens & Minor will post 1.54 EPS for the current fiscal year.

Insider Activity at Owens & Minor

In other Owens & Minor news, SVP Michael Wayne Lowry sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the completion of the transaction, the senior vice president now directly owns 71,654 shares in the company, valued at $1,791,350. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Jonathan A. Leon sold 5,000 shares of the business’s stock in a transaction on Monday, April 22nd. The stock was sold at an average price of $24.84, for a total transaction of $124,200.00. Following the sale, the senior vice president now owns 84,673 shares in the company, valued at approximately $2,103,277.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Michael Wayne Lowry sold 10,000 shares of Owens & Minor stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the senior vice president now owns 71,654 shares in the company, valued at $1,791,350. The disclosure for this sale can be found here. 2.62% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in OMI. FMR LLC grew its holdings in Owens & Minor by 10.6% in the third quarter. FMR LLC now owns 11,479,209 shares of the company’s stock valued at $185,504,000 after purchasing an additional 1,103,275 shares during the last quarter. Vanguard Group Inc. lifted its position in Owens & Minor by 0.3% during the third quarter. Vanguard Group Inc. now owns 8,592,904 shares of the company’s stock valued at $138,861,000 after buying an additional 25,891 shares in the last quarter. Deerfield Management Company L.P. Series C increased its holdings in Owens & Minor by 35.6% in 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. Dimensional Fund Advisors LP raised its holdings in shares of Owens & Minor by 8.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,210,991 shares of the company’s stock valued at $81,148,000 after buying an additional 327,002 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Owens & Minor by 12.0% during the third quarter. Invesco Ltd. now owns 1,081,460 shares of the company’s stock worth $17,476,000 after purchasing an additional 115,995 shares in the last quarter. Hedge funds and other institutional investors own 98.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on OMI shares. Barclays boosted their target price on shares of Owens & Minor from $21.00 to $23.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 21st. StockNews.com raised shares of Owens & Minor from a “hold” rating to a “buy” rating in a report on Wednesday, February 21st. SVB Leerink assumed coverage on Owens & Minor in a research report on Monday, February 26th. They set a “market perform” rating and a $24.00 target price on the stock. Leerink Partnrs restated a “market perform” rating on shares of Owens & Minor in a research report on Monday, February 26th. Finally, TheStreet upgraded shares of Owens & Minor from a “d+” rating to a “c-” rating in a research report on Monday, March 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $23.29.

About Owens & Minor

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.