BlackRock Fund Advisors has recently announced that it has increased stake in Owens & Minor Inc. (NYSE:OMI) by 1.08%. After grabbing 9.12 million shares, the institutional investor is now in possession of 97331.0 shares of the Healthcare Company. The new investment brought the stake of investor firm to 14.48% having worth around $146.68 million. Moreover, SSgA Funds Management, Inc. increased its share by 20249.0 to have a control over 2.67 million shares. And JPMorgan Investment Management, I.. raised its holdings to 0.25 million shares by acquiring 2.5 million shares or 3.96% of the stake.
Owens & Minor Inc. (OMI) concluded trading on 08/27/20 at a closing price of $17.18, with 1.06 million shares of worth about $18.29 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 2.08% during that period and on Thursday the price saw a loss of about -0.58%. Currently the company’s common shares owned by public are about 61.13M shares, out of which, 60.83M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 7 analysts are covering the OMI stock and their offered price forecasts bring an average price target of $15.04. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $21.00 and could fall to a lowest price of $10.25. Analysts also issued an outlook of 2.90 for the Owens & Minor Inc. stock for next 12 months. The stock’s current price level is -10.55% below of average price target set by the analysts, while a dip to estimated low would result in loss of -67.61 for the stock. However, touching the estimated high of $21.00 would mean a gain of 18.19% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 45 times over the past 12 months. They bought 980,496 shares in 26 of the transactions. In 19 selling transactions, insiders dumped 99,911 shares.
iShares Core S&P Small Cap ETF, Vanguard Total Stock Market Index, and iShares Russell 2000 ETF are the top 3 mutual funds which are holding stakes in Owens & Minor Inc. iShares Core S&P Small Cap ETF is currently holding 3.92 million shares of worth totaling $63.1 million. The company recently came buying 14028.0 shares which brought its stake up to 6.23% of the company’s outstanding shares. iShares Russell 2000 ETF, after selling 1.29 million shares, have now control over 2.04% of the stake in the company. It holds 60214.0 shares of worth $20.7 million.
Owens & Minor Inc. (NYSE: OMI) started trading at $17.25, below -$0.03 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $17.18, or with a loss of -0.58%. Stock saw a price change of 2.08% in past 5 days and over the past one month there was a price change of 4.44%. Year-to-date (YTD), OMI shares are showing a performance of 232.30% which increased to 263.98% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.63 but also hit the highest price of $17.58 during that period. While comparing its average daily trading volume of 2.77 million shares, we see that about 1.06 million changed hands on the day. The stock is currently trading 7.58% above its 20-day simple moving average (SMA20), while that difference is up 43.74% for SMA50 and it goes to 118.00% higher than SMA200.
BlackRock Fund Advisors acquired 9.12 million shares of Owens & Minor Inc. having value of about $146.68 million. Data submitted at the U.S SEC by BlackRock Fund Advisors revealed that the firm now holds 97331.0 shares in the company valued at close to $1672146.58, or have control over 1.08% stake in the company. Owens & Minor Inc. (NYSE: OMI) currently have 61.13M outstanding shares and institutions hold larger chunk of about 93.40% of that. Holding of mutual funds in the company is about 50.41% while other institutional holders and individual stake holders have control over 7.81% and 39.87% of the stake respectively.
The stock has a current market capitalization of $1.10B and its 3Y-monthly beta is at 0.63. It has posted earnings per share of -$0.20 in the same period. It has Quick Ratio of 0.80 while making debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for OMI, volatility over the week remained 4.83% while standing at 6.85% over the month.
Analysts are in expectations that Owens & Minor Inc. (OMI) stock would likely to be making an EPS of $0.38 in the current quarter, while forecast for next quarter ESPS is $0.45 and it is $1.31 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.35 which is $0.42 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.2 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 94.30% while it is estimated to increase by 21.34% in next year. EPS is likely to grow at an annualized rate of -8.70% for next 5-years, compared to annual growth of -18.70% made by the stock over the past 5-years.
Analysts at 7 brokerage firms have issued recommendations for the Owens & Minor Inc. (OMI)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.90. Out of those 7 Wall Street analysts, 1 recommended a “Buy” rating, while 2 were in favor recommending the stock as a “Hold” and 3 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Robert W. Baird on July 21, 2020 offering an Outperform rating for the stock and assigned a target price range of between $8 and $14 to it. Coverage by BofA Securities stated Owens & Minor Inc. (OMI) stock as a Buy in their note to investors on July 21, 2020, suggesting a price target of $12 for the stock. On May 05, 2020, Robert W. Baird Downgrade their recommendations, while on April 23, 2020, Credit Suisse Resumed their ratings for the stock with a price target of $8. Stock get an Outperform rating from Robert W. Baird on January 21, 2020.