OneWater Marine Inc. (NASDAQ:ONEW) Shares Sold by Private Management Group Inc.

Private Management Group Inc. lowered its holdings in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 16.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 529,988 shares of the company's stock after selling 102,392 shares during the quarter. Private Management Group Inc. owned approximately 3.26% of OneWater Marine worth $9,211,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. FMR LLC raised its stake in shares of OneWater Marine by 332.5% during the 3rd quarter. FMR LLC now owns 4,308 shares of the company's stock worth $103,000 after buying an additional 3,312 shares during the period. SG Americas Securities LLC acquired a new position in OneWater Marine during the third quarter worth $119,000. Bfsg LLC raised its position in OneWater Marine by 12.2% during the third quarter. Bfsg LLC now owns 5,186 shares of the company's stock worth $124,000 after acquiring an additional 565 shares during the period. Barclays PLC lifted its holdings in OneWater Marine by 267.9% during the third quarter. Barclays PLC now owns 15,677 shares of the company's stock valued at $375,000 after purchasing an additional 11,416 shares in the last quarter. Finally, De Lisle Partners LLP grew its position in shares of OneWater Marine by 7.4% in the third quarter. De Lisle Partners LLP now owns 58,043 shares of the company's stock valued at $1,390,000 after purchasing an additional 4,000 shares during the period. 94.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at OneWater Marine

In other OneWater Marine news, Director J Steven Roy acquired 2,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $19.05 per share, for a total transaction of $47,625.00. Following the completion of the transaction, the director now owns 20,760 shares of the company's stock, valued at approximately $395,478. The trade was a 13.69 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Philip Austin Jr. Singleton bought 13,000 shares of the business's stock in a transaction on Thursday, December 19th. The shares were acquired at an average cost of $18.60 per share, with a total value of $241,800.00. Following the purchase, the chief executive officer now owns 667,368 shares of the company's stock, valued at $12,413,044.80. The trade was a 1.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 28,485 shares of company stock valued at $543,089. 20.30% of the stock is owned by company insiders.

OneWater Marine Price Performance

Shares of OneWater Marine stock traded up $0.19 on Friday, hitting $18.98. 171,193 shares of the company were exchanged, compared to its average volume of 171,449. The company has a quick ratio of 0.31, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $17.97 and a 200 day moving average price of $21.23. The stock has a market capitalization of $309.56 million, a price-to-earnings ratio of -26.36 and a beta of 2.58. OneWater Marine Inc. has a 1-year low of $14.29 and a 1-year high of $31.36.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last released its quarterly earnings data on Thursday, January 30th. The company reported ($0.54) earnings per share for the quarter, topping 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, sell-side analysts predict that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. DA Davidson reduced their price target on shares of OneWater Marine from $27.00 to $23.00 and set a "neutral" rating for the company in a research report on Monday, November 18th. KeyCorp reduced their target price on OneWater Marine from $27.00 to $22.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Truist Financial lowered their price target on OneWater Marine from $30.00 to $25.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Benchmark reissued a "hold" rating on shares of OneWater Marine in a research note on Friday, November 15th. Finally, Stifel Nicolaus lowered their target price on shares of OneWater Marine from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. 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, the stock currently has an average rating of "Moderate Buy" and an average price target of $23.75.

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.