KeyCorp Lowers OneWater Marine (NASDAQ:ONEW) Price Target to $27.00

OneWater Marine (NASDAQ:ONEW - Free Report) had its price target reduced by KeyCorp from $29.00 to $27.00 in a report published on Friday,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Separately, Benchmark restated a "hold" rating on shares of OneWater Marine in a report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, OneWater Marine presently has a consensus rating of "Moderate Buy" and a consensus price target of $30.00.

OneWater Marine Trading Down 5.8 %

Shares of ONEW traded down $1.23 during mid-day trading on Friday, reaching $20.00. The company had a trading volume of 229,934 shares, compared to its average volume of 89,102. The stock has a market cap of $321.20 million, a price-to-earnings ratio of -3.11 and a beta of 2.58. The firm has a fifty day simple moving average of $22.71 and a 200-day simple moving average of $24.58. OneWater Marine has a fifty-two week low of $19.66 and a fifty-two week high of $35.86. The company has a current ratio of 1.29, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04.

Insider Buying and Selling

In other news, COO Anthony M. Aisquith bought 5,000 shares of OneWater Marine stock in a transaction on Friday, September 6th. The stock was purchased at an average cost of $21.75 per share, with a total value of $108,750.00. Following the purchase, the chief operating officer now directly owns 724,316 shares of the company's stock, valued at approximately $15,753,873. This trade represents a 0.70 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Philip Austin Jr. Singleton bought 6,700 shares of OneWater Marine stock in a transaction on Thursday, September 5th. The shares were purchased at an average cost of $22.39 per share, with a total value of $150,013.00. Following the completion of the purchase, the chief executive officer now directly owns 620,217 shares in the company, valued at $13,886,658.63. This trade represents a 1.09 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 20,034 shares of company stock valued at $441,828 in the last quarter. Company insiders own 18.70% of the company's stock.

Institutional Trading of OneWater Marine

A number of institutional investors have recently made changes to their positions in ONEW. State Street Corp raised its holdings in shares of OneWater Marine by 0.5% in the 3rd quarter. State Street Corp now owns 226,038 shares of the company's stock worth $5,405,000 after purchasing an additional 1,131 shares in the last quarter. De Lisle Partners LLP increased its stake in OneWater Marine by 7.4% in the 3rd quarter. De Lisle Partners LLP now owns 58,043 shares of the company's stock valued at $1,390,000 after buying an additional 4,000 shares during the period. FMR LLC grew its position in OneWater Marine by 332.5% in the third quarter. FMR LLC now owns 4,308 shares of the company's stock worth $103,000 after acquiring an additional 3,312 shares in the last quarter. Royce & Associates LP grew its position in OneWater Marine by 9.7% in the third quarter. Royce & Associates LP now owns 1,637,378 shares of the company's stock worth $39,150,000 after acquiring an additional 144,926 shares in the last quarter. Finally, Private Management Group Inc. boosted its holdings 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 buying an additional 5,916 shares during the period. 94.32% of the stock is owned by institutional investors and hedge funds.

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.