First Eagle Investment Management LLC Takes $588,000 Position in OneWater Marine Inc. (NASDAQ:ONEW)

First Eagle Investment Management LLC bought a new stake in OneWater Marine Inc. (NASDAQ:ONEW - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 33,825 shares of the company's stock, valued at approximately $588,000. First Eagle Investment Management LLC owned approximately 0.21% of OneWater Marine at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of OneWater Marine by 11.4% during the third quarter. Geode Capital Management LLC now owns 293,831 shares of the company's stock valued at $7,028,000 after buying an additional 29,952 shares during the period. Raymond James Financial Inc. purchased a new position in shares of OneWater Marine during the 4th quarter worth $199,000. Barclays PLC boosted its holdings in shares of OneWater Marine by 267.9% during the third quarter. Barclays PLC now owns 15,677 shares of the company's stock worth $375,000 after purchasing an additional 11,416 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of OneWater Marine during the fourth quarter worth $158,000. Finally, De Lisle Partners LLP grew its position in shares of OneWater Marine by 7.4% in the third quarter. De Lisle Partners LLP now owns 58,043 shares of the company's stock valued at $1,390,000 after purchasing an additional 4,000 shares during the period. 94.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $15.40 per share, for a total transaction of $231,000.00. Following the acquisition, the chief executive officer now directly owns 682,368 shares of the company's stock, valued at $10,508,467.20. This represents a 2.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 20.30% of the stock is owned by corporate insiders.

Remove Ads

OneWater Marine Stock Up 2.2 %

OneWater Marine stock traded up $0.38 during trading on Thursday, reaching $17.54. 87,351 shares of the company's stock were exchanged, compared to its average volume of 153,258. The company's 50-day moving average is $17.13 and its two-hundred day moving average is $19.91. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24. OneWater Marine Inc. has a 52-week low of $14.13 and a 52-week high of $31.36. The firm has a market cap of $286.13 million, a price-to-earnings ratio of -24.36 and a beta of 2.59.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share for the quarter, topping analysts' consensus estimates of ($0.84) by $0.30. OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.09%. On average, analysts predict that OneWater Marine Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

ONEW has been the topic of a number of research analyst reports. KeyCorp decreased their price target on OneWater Marine from $27.00 to $22.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. Truist Financial lowered their price objective on shares of OneWater Marine from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Finally, Stifel Nicolaus lowered their price objective on shares of OneWater Marine from $31.00 to $25.00 and set a "buy" rating for the company in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $23.75.

OneWater Marine Company 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.