Jump Financial LLC Buys New Holdings in Owens & Minor, Inc. $OMI

Jump Financial LLC bought a new position in Owens & Minor, Inc. (NYSE:OMI) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 489,499 shares of the company’s stock, valued at approximately $4,454,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Coliseum Capital Management LLC raised its stake in shares of Owens & Minor by 122.0% in the 1st quarter. Coliseum Capital Management LLC now owns 10,624,599 shares of the company’s stock valued at $95,940,000 after buying an additional 5,838,635 shares in the last quarter. Vanguard Group Inc. increased its stake in Owens & Minor by 2.7% in the first quarter. Vanguard Group Inc. now owns 9,156,759 shares of the company’s stock valued at $82,686,000 after acquiring an additional 241,003 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Owens & Minor by 19.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,752,960 shares of the company’s stock valued at $24,859,000 after acquiring an additional 447,917 shares during the period. Invesco Ltd. raised its position in Owens & Minor by 10.0% in the second quarter. Invesco Ltd. now owns 1,888,548 shares of the company’s stock worth $17,186,000 after purchasing an additional 171,653 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Owens & Minor by 0.9% during the second quarter. Geode Capital Management LLC now owns 1,774,359 shares of the company’s stock worth $16,149,000 after purchasing an additional 15,995 shares during the period. Institutional investors own 98.04% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. UBS Group set a $7.00 price objective on Owens & Minor in a research note on Wednesday, August 13th. Zacks Research cut Owens & Minor from a “hold” rating to a “strong sell” rating in a research report on Monday, November 10th. Citigroup reissued a “buy” rating and set a $7.00 price objective (down from $11.00) on shares of Owens & Minor in a report on Tuesday, August 12th. JPMorgan Chase & Co. reduced their target price on shares of Owens & Minor from $7.00 to $6.00 and set an “underweight” rating on the stock in a research note on Wednesday, August 27th. Finally, Bank of America dropped their target price on shares of Owens & Minor from $7.50 to $4.75 and set an “underperform” rating for the company in a research report on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $6.35.

Owens & Minor Trading Down 1.7%

Shares of OMI opened at $2.49 on Wednesday. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.84 and a current ratio of 0.86. The company has a market cap of $192.36 million, a price-to-earnings ratio of -0.14 and a beta of 1.37. The stock has a fifty day moving average price of $3.77 and a two-hundred day moving average price of $5.66. Owens & Minor, Inc. has a 52-week low of $2.38 and a 52-week high of $15.54.

Owens & Minor (NYSE:OMI) last announced its earnings results on Thursday, October 30th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.02. Owens & Minor had a positive return on equity of 95.57% and a negative net margin of 19.99%.The company had revenue of $697.26 million during the quarter, compared to analyst estimates of $704.06 million. During the same period last year, the company posted $0.36 earnings per share. The firm’s quarterly revenue was up 1.5% compared to the same quarter last year. Owens & Minor has set its FY 2025 guidance at 1.020-1.070 EPS. Analysts predict that Owens & Minor, Inc. will post 1.51 EPS for the current fiscal year.

Owens & Minor 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.