Gilder Gagnon Howe & Co. LLC Sells 140,590 Shares of OneWater Marine Inc. (NASDAQ:ONEW)

Gilder Gagnon Howe & Co. LLC lessened its position in OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,084,770 shares of the company's stock after selling 140,590 shares during the period. Gilder Gagnon Howe & Co. LLC owned about 6.65% of OneWater Marine worth $18,853,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Royce & Associates LP raised its position in shares of OneWater Marine by 13.2% in the 4th quarter. Royce & Associates LP now owns 1,853,788 shares of the company's stock worth $32,219,000 after buying an additional 216,410 shares during the period. American Century Companies Inc. raised its holdings in shares of OneWater Marine by 1.8% in the 4th quarter. American Century Companies Inc. now owns 1,676,270 shares of the company's stock worth $29,134,000 after purchasing an additional 29,468 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of OneWater Marine by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 470,987 shares of the company's stock valued at $8,186,000 after purchasing an additional 3,508 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of OneWater Marine by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 296,285 shares of the company's stock worth $5,150,000 after purchasing an additional 2,454 shares during the period. Finally, Sei Investments Co. increased its position in OneWater Marine by 14.0% during the 4th quarter. Sei Investments Co. now owns 229,506 shares of the company's stock worth $3,989,000 after purchasing an additional 28,164 shares in the last quarter. Hedge funds and other institutional investors own 94.32% of the company's stock.

Insider Transactions at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton purchased 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average price of $15.40 per share, for a total transaction of $231,000.00. Following the transaction, the chief executive officer now directly owns 682,368 shares of the company's stock, valued at $10,508,467.20. This trade represents a 2.25 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 20.30% of the company's stock.

OneWater Marine Price Performance

ONEW stock traded up $0.10 during trading on Tuesday, hitting $14.75. The company had a trading volume of 33,680 shares, compared to its average volume of 114,419. The firm has a market capitalization of $240.62 million, a price-to-earnings ratio of -20.49 and a beta of 2.33. The company has a current ratio of 1.24, a quick ratio of 0.25 and a debt-to-equity ratio of 1.08. The business has a 50 day moving average of $15.61 and a 200 day moving average of $18.28. OneWater Marine Inc. has a fifty-two week low of $12.02 and a fifty-two week high of $31.36.

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

Wall Street Analyst Weigh In

ONEW has been the subject of a number of recent research reports. Truist Financial lowered their target price on OneWater Marine from $25.00 to $16.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird restated a "neutral" rating and issued a $18.00 target price (down from $25.00) on shares of OneWater Marine in a research note on Friday, April 4th. Stifel Nicolaus dropped their target price on OneWater Marine from $31.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. KeyCorp reduced their price target on OneWater Marine from $22.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Baird R W downgraded shares of OneWater Marine from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $19.60.

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.