American Century Companies Inc. Has $29.13 Million Position in OneWater Marine Inc. (NASDAQ:ONEW)

American Century Companies Inc. raised its stake in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,676,270 shares of the company's stock after purchasing an additional 29,468 shares during the quarter. American Century Companies Inc. owned 10.28% of OneWater Marine worth $29,134,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of ONEW. Royce & Associates LP grew its stake in OneWater Marine by 13.2% during the fourth 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 last quarter. First Eagle Investment Management LLC bought a new position in shares of OneWater Marine in the fourth quarter valued at about $588,000. Geode Capital Management LLC lifted its position in OneWater Marine by 11.4% during the 3rd quarter. Geode Capital Management LLC now owns 293,831 shares of the company's stock worth $7,028,000 after buying an additional 29,952 shares in the last quarter. Virtu Financial LLC bought a new stake in OneWater Marine during the 4th quarter worth about $418,000. Finally, Raymond James Financial Inc. acquired a new stake in OneWater Marine in the 4th quarter valued at about $199,000. 94.32% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other OneWater Marine news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $15.40 per share, for a total transaction of $231,000.00. Following the acquisition, the chief executive officer now directly owns 682,368 shares of the company's stock, valued at approximately $10,508,467.20. This trade represents a 2.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 20.30% of the company's stock.

Remove Ads

Wall Street Analysts Forecast Growth

Several analysts have recently commented on ONEW shares. Truist Financial decreased their price target on shares of OneWater Marine from $30.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. KeyCorp dropped their target price on OneWater Marine from $27.00 to $22.00 and set an "overweight" rating for the company in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus dropped their price objective on OneWater Marine from $31.00 to $25.00 and set a "buy" rating for the company in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $23.75.

OneWater Marine Trading Down 10.4 %

NASDAQ:ONEW traded down $1.77 during mid-day trading on Thursday, hitting $15.26. The company had a trading volume of 287,109 shares, compared to its average volume of 110,407. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24. OneWater Marine Inc. has a fifty-two week low of $14.13 and a fifty-two week high of $31.36. The firm has a market cap of $248.94 million, a P/E ratio of -21.19 and a beta of 2.33. The business's fifty day moving average is $17.41 and its two-hundred day moving average is $19.52.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported ($0.54) EPS for the quarter, beating analysts' consensus estimates 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 expect that OneWater Marine Inc. will post 1.57 earnings per share for the current year.

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.