Coliseum Capital Management LLC Has $95.94 Million Stock Position in Owens & Minor, Inc. $OMI

Coliseum Capital Management LLC increased its holdings in Owens & Minor, Inc. (NYSE:OMI) by 122.0% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 10,624,599 shares of the company’s stock after buying an additional 5,838,635 shares during the quarter. Owens & Minor comprises approximately 8.0% of Coliseum Capital Management LLC’s portfolio, making the stock its 5th biggest position. Coliseum Capital Management LLC owned about 0.14% of Owens & Minor worth $95,940,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of OMI. Charles Schwab Investment Management Inc. increased its holdings in Owens & Minor by 19.4% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,752,960 shares of the company’s stock worth $24,859,000 after buying an additional 447,917 shares in the last quarter. Federated Hermes Inc. bought a new stake in Owens & Minor in the 1st quarter worth about $3,870,000. Nuveen LLC bought a new stake in Owens & Minor in the 1st quarter worth about $3,729,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings in Owens & Minor by 133.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 703,050 shares of the company’s stock worth $6,349,000 after buying an additional 401,472 shares in the last quarter. Finally, AQR Capital Management LLC increased its holdings in Owens & Minor by 171.2% in the 1st quarter. AQR Capital Management LLC now owns 634,914 shares of the company’s stock worth $5,733,000 after buying an additional 400,833 shares in the last quarter. 98.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. cut their price target on Owens & Minor from $7.00 to $6.00 and set an “underweight” rating for the company in a research note on Wednesday, August 27th. Robert W. Baird cut their price target on Owens & Minor from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Tuesday, August 12th. Baird R W upgraded Owens & Minor from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 8th. UBS Group set a $7.00 price target on Owens & Minor in a research note on Wednesday, August 13th. Finally, Zacks Research downgraded Owens & Minor from a “hold” rating to a “strong sell” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $7.63.

Owens & Minor Trading Up 3.7%

Shares of NYSE:OMI opened at $5.53 on Thursday. The stock has a 50 day moving average of $6.96 and a 200 day moving average of $7.47. The company has a market cap of $426.77 million, a PE ratio of -0.35 and a beta of 1.03. The company has a current ratio of 0.86, a quick ratio of 0.83 and a debt-to-equity ratio of 3.32. Owens & Minor, Inc. has a 12-month low of $4.56 and a 12-month high of $16.47.

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

Insider Activity

In related news, major shareholder Coliseum Capital Management, L acquired 720,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The stock was bought at an average cost of $5.15 per share, for a total transaction of $3,708,000.00. Following the purchase, 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders purchased 1,537,852 shares of company stock worth $8,099,544. Insiders own 3.69% of the company’s stock.

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.