Benchmark Reiterates Hold Rating for OneWater Marine (NASDAQ:ONEW)

OneWater Marine (NASDAQ:ONEW - Get Free Report)'s stock had its "hold" rating reaffirmed by stock analysts at Benchmark in a research report issued on Friday,Benzinga reports.

Separately, KeyCorp reduced their price objective on shares of OneWater Marine from $29.00 to $27.00 and set an "overweight" rating for the company in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, OneWater Marine presently has an average rating of "Moderate Buy" and a consensus price target of $30.00.

OneWater Marine Stock Performance

OneWater Marine stock traded down $1.23 during mid-day trading on Friday, hitting $20.00. 229,934 shares of the company's stock traded hands, compared to its average volume of 89,102. OneWater Marine has a one year low of $19.66 and a one year high of $35.86. The firm has a 50 day moving average price of $22.71 and a 200 day moving average price of $24.58. 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 cap of $321.20 million, a PE ratio of -3.11 and a beta of 2.58.

Insider Transactions at OneWater Marine

In other news, COO Anthony M. Aisquith bought 5,000 shares of the business's stock in a transaction on Friday, September 6th. The stock was purchased at an average price of $21.75 per share, with a total value of $108,750.00. Following the transaction, the chief operating officer now directly owns 724,316 shares in the company, valued at approximately $15,753,873. The trade was a 0.70 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Philip Austin Jr. Singleton purchased 3,334 shares of the firm's stock in a transaction on Thursday, August 22nd. The shares were purchased at an average price of $23.04 per share, with a total value of $76,815.36. Following the completion of the acquisition, the chief executive officer now directly owns 613,517 shares of the company's stock, valued at approximately $14,135,431.68. This trade represents a 0.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,034 shares of company stock worth $441,828 in the last 90 days. 18.70% of the stock is owned by insiders.

Hedge Funds Weigh In On OneWater Marine

Several large investors have recently bought and sold shares of the stock. FMR LLC boosted its position in shares of OneWater Marine by 332.5% during the 3rd quarter. FMR LLC now owns 4,308 shares of the company's stock valued at $103,000 after acquiring an additional 3,312 shares in the last quarter. SG Americas Securities LLC acquired a new stake in OneWater Marine during the third quarter valued at approximately $119,000. Bfsg LLC raised its holdings in shares of OneWater Marine by 12.2% in the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company's stock worth $124,000 after buying an additional 565 shares in the last quarter. SageView Advisory Group LLC acquired a new stake in OneWater Marine in the 1st quarter valued at $322,000. Finally, Barclays PLC raised its stake in OneWater Marine by 267.9% during the third quarter. Barclays PLC now owns 15,677 shares of the company's stock worth $375,000 after acquiring an additional 11,416 shares in the last quarter. 94.32% of the stock is currently 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.