Investing in Owens & Minor Inc. (OMI): What You Must Know

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Owens & Minor Inc.’s recent filing unveils that its Director Henkel Robert J acquired Company’s shares for reported $15680.0 on Oct 17. In the deal valued at $15.68 per share,1,000 shares were bought. As a result of this transaction, Henkel Robert J now holds 28,000 shares worth roughly $ 0.54 million.


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Then, Henkel Robert J bought 1,000 shares, generating $31,760 in total proceeds. Upon buying the shares at $31.76, the Director now owns 27,000 shares.

Before that, Jochims Jeffrey T sold 8,000 shares. Owens & Minor Inc. shares valued at $250,480 were divested by the EVP, COO and at a price of $31.31 per share. As a result of the transaction, Jochims Jeffrey T now holds 195,956 shares, worth roughly $3.75 million.

Citigroup downgraded its Owens & Minor Inc. [OMI] rating to a Neutral from a a Buy in a research note published on Monday, October 13, 2022; the price target was decreased to $18 from $52. PT values the company’s stock at a premium of -6.44 to its Monday closing price. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who decreased its forecast for the stock in mid October from “an Outperform” to “a Neutral”. BofA Securities also remained covering OMI and has decreased its forecast on October 12, 2022 with a “an Underperform” recommendation from previously “Buy” rating.

Price Performance Review of OMI

On Monday, Owens & Minor Inc. [NYSE:OMI] saw its stock jump 0.10% to $19.16. On the same session, the stock had its day’s lowest price of $18.79, but rose to a high of $19.37. Over the last five days, the stock has gained 12.71%. Owens & Minor Inc. shares have fallen nearly -55.95% since the year began. Nevertheless, the stocks have fallen -56.41% over the past one year. While a 52-week high of $49.11 was reached on 01/12/22, a 52-week low of $14.10 was recorded on 10/12/22. SMA at 50 days reached $22.51, while 200 days put it at $33.67. A total of 1.17 million shares were traded, compared to the trading of 2.13 million shares in the previous session.

Levels Of Support And Resistance For OMI Stock

The 24-hour chart illustrates a support level at 18.84, which if violated will result in even more drops to 18.53. On the upside, there is a resistance level at 19.42. A further resistance level may holdings at 19.69. The Relative Strength Index (RSI) on the 14-day chart is 48.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.61%. Stochastics %K at 80.63% indicates the stock is a selling.

How much short interest is there in Owens & Minor Inc.?

A steep rise in short interest was recorded in Owens & Minor Inc. stocks on Jul 14, 2022, dropping by -0.89 million shares to a total of 6.64 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 7.53 million shares. There was a decline of -13.4%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 12.47% of the overall stock float, the days-to-cover ratio (short ratio) fell to 10.12.

Owens & Minor Inc. [OMI] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 11,344,036 shares, or roughly 14.88% of the outstanding OMI shares. In other words, the investor’s shares have risen by 238,261 from its previous 13-F filing of 11105775.0. Additionally, Fidelity Management & Research Co increased 16.08% of its stake after which the total value it holdings stand at $205,329,976, while Wellington Management Co. LLP added 10.17% of its stake to hold $200.53 million in the firm. Over the last quarter, The Vanguard Group, Inc. purchased 122,420 shares of Owens & Minor Inc., while Dimensional Fund Advisors LP bought -39,439 shares. At present, FIAM LLC is holding 2,895,810 shares valued at $69.79 million. SSgA Funds Management, Inc. owned 2,818,628 shares of the company at the time of its most recent 13F filing, worth $67.93 million.

According to FactSet, Owens & Minor Inc.’s share price will average $20.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 9.72 percent from its previous closing price of $19.14. Analysts expect Owens & Minor Inc. stock to reach the higher price of $23.00, while the lowest price estimate is $17.00. However, 7 analysts have rated OMI stock as a Hold in their predictions for 2022.

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