General Equity Holdings LP Has $11.23 Million Stock Holdings in OneWater Marine Inc. (NASDAQ:ONEW)

General Equity Holdings LP lessened its holdings in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 17.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 407,490 shares of the company's stock after selling 87,184 shares during the period. OneWater Marine makes up approximately 6.9% of General Equity Holdings LP's holdings, making the stock its 2nd largest position. General Equity Holdings LP owned 2.54% of OneWater Marine worth $11,234,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Private Management Group Inc. grew its position in OneWater Marine by 3.2% during the second quarter. Private Management Group Inc. now owns 626,464 shares of the company's stock worth $17,272,000 after buying an additional 19,222 shares in the last quarter. Vanguard Group Inc. lifted its position in OneWater Marine by 2.0% in the first quarter. Vanguard Group Inc. now owns 581,355 shares of the company's stock worth $16,365,000 after purchasing an additional 11,227 shares during the period. Dimensional Fund Advisors LP lifted its position in OneWater Marine by 6.0% in the second 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 during the period. Hotchkis & Wiley Capital Management LLC boosted its stake in OneWater Marine by 1.0% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company's stock worth $13,483,000 after buying an additional 3,770 shares in the last quarter. Finally, Breach Inlet Capital Management LLC bought a new stake in OneWater Marine in the 4th quarter valued at $8,781,000. Institutional investors own 94.32% of the company's stock.

Insider Activity at OneWater Marine

In other news, COO Anthony M. Aisquith acquired 5,000 shares of the firm's stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $21.75 per share, for a total transaction of $108,750.00. Following the transaction, the chief operating officer now owns 724,316 shares of the company's stock, valued at $15,753,873. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In other OneWater Marine news, COO Anthony M. Aisquith purchased 5,000 shares of the stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $21.75 per share, for a total transaction of $108,750.00. Following the transaction, the chief operating officer now directly owns 724,316 shares in the company, valued at $15,753,873. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey B. Lamkin acquired 30,919 shares of the business's stock in a transaction that occurred on Friday, August 9th. The stock was acquired at an average price of $22.27 per share, for a total transaction of $688,566.13. Following the completion of the acquisition, the director now directly owns 56,705 shares of the company's stock, valued at $1,262,820.35. The disclosure for this purchase can be found here. Insiders purchased a total of 87,329 shares of company stock valued at $1,936,799 over the last quarter. Corporate insiders own 18.70% of the company's stock.

OneWater Marine Price Performance

NASDAQ:ONEW traded down $0.73 on Monday, reaching $23.04. The stock had a trading volume of 85,724 shares, compared to its average volume of 92,540. The company has a quick ratio of 0.35, a current ratio of 1.29 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $369.17 million, a P/E ratio of -4.07 and a beta of 2.57. OneWater Marine Inc. has a 1-year low of $20.00 and a 1-year high of $35.86. The stock has a fifty day moving average price of $24.40 and a 200-day moving average price of $25.27.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.06 by ($1.01). The company had revenue of $542.44 million for the quarter, compared to analyst estimates of $600.20 million. OneWater Marine had a positive return on equity of 6.60% and a negative net margin of 5.16%. During the same quarter last year, the company earned $1.95 EPS. Research analysts forecast that OneWater Marine Inc. will post 1.48 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. KeyCorp decreased their target price on shares of OneWater Marine from $30.00 to $29.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 31st. Benchmark reaffirmed a "hold" rating on shares of OneWater Marine in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $31.25.

OneWater Marine 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.