Hotchkis & Wiley Capital Management LLC Decreases Stock Position in OneWater Marine Inc. (NASDAQ:ONEW)

Hotchkis & Wiley Capital Management LLC cut its holdings in OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 7.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 302,270 shares of the company's stock after selling 24,300 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned approximately 1.88% of OneWater Marine worth $7,227,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of ONEW. Royce & Associates LP grew its holdings in 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 buying an additional 144,926 shares during the last quarter. Dimensional Fund Advisors LP increased its position in 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 purchasing an additional 24,364 shares in the last quarter. Private Management Group Inc. raised its stake in OneWater Marine by 3.2% in the 2nd quarter. Private Management Group Inc. now owns 626,464 shares of the company's stock valued at $17,272,000 after purchasing an additional 19,222 shares during the last quarter. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 11,227 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in OneWater Marine in the 3rd quarter valued at about $119,000. 94.32% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at OneWater Marine

In other OneWater Marine news, COO Anthony M. Aisquith bought 5,000 shares of the business's stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average price of $21.25 per share, with a total value of $106,250.00. Following the purchase, the chief operating officer now owns 729,316 shares in the company, valued at approximately $15,497,965. The trade was a 0.69 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director J Steven Roy purchased 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $19.05 per share, with a total value of $47,625.00. Following the completion of the transaction, the director now owns 20,760 shares in the company, valued at $395,478. This trade represents a 13.69 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 25,485 shares of company stock worth $516,289. 18.70% of the stock is owned by insiders.

OneWater Marine Trading Down 3.2 %

Shares of ONEW traded down $0.66 during mid-day trading on Thursday, reaching $20.23. The company had a trading volume of 108,470 shares, compared to its average volume of 90,442. OneWater Marine Inc. has a fifty-two week low of $18.55 and a fifty-two week high of $35.86. The firm has a fifty day simple moving average of $22.16 and a 200-day simple moving average of $24.29. The stock has a market cap of $324.89 million, a price-to-earnings ratio of -50.57 and a beta of 2.55. The company has a current ratio of 1.29, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04.

Analyst Ratings Changes

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

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.