Geode Capital Management LLC Acquires 29,952 Shares of OneWater Marine Inc. (NASDAQ:ONEW)

Geode Capital Management LLC grew its stake in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 11.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 293,831 shares of the company's stock after buying an additional 29,952 shares during the quarter. Geode Capital Management LLC owned 1.83% of OneWater Marine worth $7,028,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ONEW. State Street Corp boosted its stake in OneWater Marine by 0.5% in the third quarter. State Street Corp now owns 226,038 shares of the company's stock worth $5,405,000 after buying an additional 1,131 shares in the last quarter. FMR LLC lifted its holdings in shares of OneWater Marine by 332.5% in the 3rd quarter. FMR LLC now owns 4,308 shares of the company's stock worth $103,000 after acquiring an additional 3,312 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of OneWater Marine by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company's stock valued at $11,892,000 after purchasing an additional 24,364 shares in the last quarter. Royce & Associates LP grew 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 valued at $39,150,000 after purchasing an additional 144,926 shares during the last quarter. Finally, Bfsg LLC raised its position in OneWater Marine by 12.2% in the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company's stock worth $124,000 after purchasing an additional 565 shares during the period. 94.32% of the stock is owned by institutional investors.

OneWater Marine Trading Down 0.7 %

ONEW traded down $0.12 during midday trading on Friday, reaching $17.05. 79,578 shares of the company's stock traded hands, compared to its average volume of 117,639. OneWater Marine Inc. has a 52 week low of $16.67 and a 52 week high of $31.94. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 0.35. The firm has a fifty day moving average of $20.84 and a two-hundred day moving average of $23.11. The stock has a market capitalization of $277.16 million, a price-to-earnings ratio of -42.62 and a beta of 2.55.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on ONEW. KeyCorp reduced their price objective on OneWater Marine from $29.00 to $27.00 and set an "overweight" rating on the stock in a research note on Friday, November 15th. Stifel Nicolaus reduced their price target on OneWater Marine from $34.00 to $31.00 and set a "buy" rating on the stock in a research report on Friday, November 15th. DA Davidson lowered their price objective on OneWater Marine from $27.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, November 18th. Finally, Benchmark restated a "hold" rating on shares of OneWater Marine in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, OneWater Marine presently has a consensus rating of "Moderate Buy" and a consensus target price of $29.00.

Insider Activity at OneWater Marine

In other news, Director J Steven Roy bought 2,500 shares of OneWater Marine stock in a transaction on Wednesday, November 20th. The shares were purchased at an average price 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 approximately $395,478. The trade was a 13.69 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Philip Austin Jr. Singleton bought 13,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was purchased at an average price of $18.60 per share, with a total value of $241,800.00. Following the purchase, the chief executive officer now owns 667,368 shares in the company, valued at $12,413,044.80. This trade represents a 1.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 28,485 shares of company stock worth $543,089 over the last quarter. 18.70% of the stock is owned by corporate insiders.

About OneWater Marine

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.