Buying Buzz: Owens & Minor Inc. [OMI] Director Henkel Robert J acquires 1,000 shares of the company

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Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Owens & Minor Inc. shares valued at $15,680 were purchased by Henkel Robert J on Oct 17. At $15.68 per share, Henkel Robert J acquired 1,000 shares. The insider’s holdings grew to 28,000 shares worth approximately $0.51 million following the completion of this transaction.


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Also, Henkel Robert J purchased 1,000 shares, netting a total of over 31,760 in proceeds. Following the buying of shares at $31.76 each, the insider now holds 27,000 shares.

Before that, Jochims Jeffrey T had sold 8,000 shares from its account. In a trade valued at $250,480, the EVP, COO and traded Owens & Minor Inc. shares for $31.31 each. Upon closing the transaction, the insider’s holdings decreased to 8,000 shares, worth approximately $3.57 million.

As published in a research note from Citigroup on October 13, 2022, Owens & Minor Inc. [OMI] has been rated down from a Buy to a Neutral and the price target has been revised to $18 from $52. This represents a -1.28% premium over Thursday’s closing price. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid October. As of October 12, 2022, BofA Securities has decreased its “Buy” rating to a “an Underperform” for OMI.

Analyzing OMI Stock Performance

On Thursday, Owens & Minor Inc. [NYSE: OMI] plunged -0.98% to $18.23. The stock’s lowest price that day was $17.40, but it reached a high of $18.89 in the same session. During the last five days, there has been a surge of approximately 7.62%. Over the course of the year, Owens & Minor Inc. shares have dropped approximately -58.09%. Shares of the company reached a 52-week high of $49.11 on 01/12/22 and a 52-week low of $14.10 on 10/12/22. A 50-day SMA is recorded $22.98, while a 200-day SMA reached $33.93. Nevertheless, trading volume fell to 0.91 million shares from 1.2 million shares the previous day.

Support And Resistance Levels for Owens & Minor Inc. (OMI)

According to the 24-hour chart, there is a support level at 17.46, which, if violated, would cause prices to drop to 16.68. In the upper region, resistance lies at 18.95. The next price resistance is at 19.66. RSI (Relative Strength Index) is 43.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.22, which suggests the price will increase in the coming days. Percent R is at 32.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Owens & Minor Inc. subject to short interest?

Stocks of Owens & Minor Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.89 million shares to 6.64 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.53 million shares. A decline of -13.4% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 10.12 of the overall float, the days-to-cover ratio (short ratio) decline to 10.12.

Which companies own the most shares of Owens & Minor Inc. (OMI)?

According to BlackRock Fund Advisors filings, the company currently owns 11,344,036 shares, which is about 14.88% of the total OMI shares outstanding. The investor’s shares have appreciated by 238,261 from its previous 13-F filing of 11105775.0 shares. With the completion of the buy transaction, Fidelity Management & Research Co’s stake is now worth $205,329,976. Wellington Management Co. LLP acquire a 10.17% interest valued at $200.53 million while The Vanguard Group, Inc. purchased a 122,420 stake. A total of -39,439 shares of Owens & Minor Inc. were bought by Dimensional Fund Advisors LP during the quarter, and 277,645 were bought by FIAM LLC. In its current portfolio, SSgA Funds Management, Inc. holds 2,818,628 shares valued at $67.93 million.

In terms of Owens & Minor Inc. share price expectations, FactSet research, analysts set an average price target of $20.67 in the next 12 months, up nearly 14.07% from the previous closing price of $18.41. Analysts anticipate Owens & Minor Inc. stock to reach $23.00 by 2022, with the lowest price target being $17.00. In spite of this, 7 analysts ranked Owens & Minor Inc. stock as a Hold at the end of 2022. On April 01, 2022, Credit Suisse assigned a price target of “a Neutral” to the stock and resumed coverage with a $43.

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