OneWater Marine (NASDAQ:ONEW) Price Target Cut to $31.00 by Analysts at Stifel Nicolaus

OneWater Marine (NASDAQ:ONEW - Free Report) had its target price reduced by Stifel Nicolaus from $34.00 to $31.00 in a report released on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

ONEW has been the topic of a number of other research reports. Benchmark restated a "hold" rating on shares of OneWater Marine in a research note on Friday. KeyCorp reduced their price target on OneWater Marine from $29.00 to $27.00 and set an "overweight" rating for the company in a report on Friday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. 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 OneWater Marine stock traded down $1.23 during trading hours on Friday, hitting $20.00. The company's stock had a trading volume of 229,934 shares, compared to its average volume of 89,102. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29. 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 moving average of $22.71 and a 200-day moving average of $24.58. OneWater Marine has a twelve month low of $19.66 and a twelve month high of $35.86.

Insider Activity

In related news, COO Anthony M. Aisquith acquired 5,000 shares of OneWater Marine stock in a transaction on Tuesday, September 10th. The shares were bought at an average price of $21.25 per share, for a total transaction of $106,250.00. Following the completion of the purchase, the chief operating officer now directly owns 729,316 shares in the company, valued at $15,497,965. This trade represents a 0.69 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Philip Austin Jr. Singleton acquired 3,334 shares of OneWater Marine stock in a transaction on Thursday, August 22nd. The shares were bought at an average price of $23.04 per share, for a total transaction of $76,815.36. Following the purchase, the chief executive officer now owns 613,517 shares of the company's stock, valued at $14,135,431.68. This represents a 0.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 20,034 shares of company stock valued at $441,828 over the last quarter. Company insiders own 18.70% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC lifted its stake in shares of 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. SG Americas Securities LLC bought a new position in shares of OneWater Marine during the third quarter valued at approximately $119,000. Bfsg LLC grew its holdings in shares of OneWater Marine by 12.2% during the third quarter. Bfsg LLC now owns 5,186 shares of the company's stock valued at $124,000 after purchasing an additional 565 shares during the last quarter. SageView Advisory Group LLC bought a new position in OneWater Marine in the 1st quarter worth approximately $322,000. Finally, Barclays PLC grew its holdings in OneWater Marine by 267.9% in the 3rd quarter. Barclays PLC now owns 15,677 shares of the company's stock worth $375,000 after buying an additional 11,416 shares in the last quarter. Institutional investors and hedge funds own 94.32% of the company's stock.

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.