OneWater Marine Inc. (NASDAQ:ONEW) Shares Sold by Empowered Funds LLC

Empowered Funds LLC cut its holdings in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 81.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,786 shares of the company's stock after selling 43,022 shares during the period. Empowered Funds LLC owned approximately 0.06% of OneWater Marine worth $234,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ONEW. Royce & Associates LP boosted its holdings in shares of OneWater Marine by 9.7% during the 3rd quarter. Royce & Associates LP now owns 1,637,378 shares of the company's stock worth $39,150,000 after buying an additional 144,926 shares during the period. Private Management Group Inc. increased its position in shares of OneWater Marine by 0.9% during the 3rd quarter. Private Management Group Inc. now owns 632,380 shares of the company's stock worth $15,120,000 after purchasing an additional 5,916 shares in the last quarter. Vanguard Group Inc. increased its position in OneWater Marine by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 581,355 shares of the company's stock valued at $16,365,000 after acquiring an additional 11,227 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of OneWater Marine by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company's stock worth $11,892,000 after buying an additional 24,364 shares during the period. Finally, NBW Capital LLC boosted its stake in OneWater Marine by 1.6% during the 1st quarter. NBW Capital LLC now owns 253,079 shares of the company's stock worth $7,124,000 after acquiring an additional 4,100 shares during the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.

OneWater Marine Trading Up 2.7 %

Shares of OneWater Marine stock traded up $0.59 during midday trading on Wednesday, reaching $22.12. 47,266 shares of the company's stock traded hands, compared to its average volume of 90,089. The stock has a 50 day moving average of $22.44 and a 200-day moving average of $24.48. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29. The company has a market cap of $355.18 million, a PE ratio of -53.83 and a beta of 2.58. OneWater Marine Inc. has a 12 month low of $18.55 and a 12 month high of $35.86.

Analyst Ratings Changes

ONEW has been the topic of a number of recent research reports. Stifel Nicolaus lowered their price objective on shares of OneWater Marine from $34.00 to $31.00 and set a "buy" rating on the stock in a report on Friday, November 15th. KeyCorp decreased their target price on shares of OneWater Marine from $29.00 to $27.00 and set an "overweight" rating for the company in a research report on Friday, November 15th. Benchmark reissued a "hold" rating on shares of OneWater Marine in a research report on Friday, November 15th. Finally, DA Davidson cut their price target on shares of OneWater Marine from $27.00 to $23.00 and set a "neutral" rating on the stock in a report on Monday, November 18th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $29.00.

Insiders Place Their Bets

In other news, Director J Steven Roy bought 2,500 shares of the stock in a transaction on Wednesday, November 20th. The stock was acquired at an average cost of $19.05 per share, for a total transaction of $47,625.00. Following the acquisition, the director now owns 20,760 shares of the company's stock, valued at $395,478. This represents a 13.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philip Austin Jr. Singleton purchased 6,700 shares of OneWater Marine stock in a transaction dated Thursday, September 5th. The stock was bought at an average cost of $22.39 per share, with a total value of $150,013.00. Following the completion of the transaction, the chief executive officer now owns 620,217 shares in the company, valued at approximately $13,886,658.63. This represents a 1.09 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 31,139 shares of company stock valued at $644,493. Insiders own 18.70% of the company's stock.

OneWater Marine Profile

OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina services.