Royce & Associates LP increased its holdings in OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 13.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,853,788 shares of the company's stock after purchasing an additional 216,410 shares during the quarter. Royce & Associates LP owned 11.37% of OneWater Marine worth $32,219,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. FMR LLC grew its position in 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 buying an additional 3,312 shares during the last quarter. AlphaQuest LLC purchased a new position in OneWater Marine in the 4th quarter worth about $158,000. Raymond James Financial Inc. acquired a new stake in OneWater Marine during the 4th quarter worth about $199,000. Rhumbline Advisers lifted its stake in OneWater Marine by 3.6% during the fourth quarter. Rhumbline Advisers now owns 19,420 shares of the company's stock valued at $338,000 after buying an additional 683 shares in the last quarter. Finally, Barclays PLC lifted its stake 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 buying an additional 11,416 shares in the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.
OneWater Marine Stock Up 2.2 %
Shares of NASDAQ ONEW traded up $0.38 during mid-day trading on Thursday, reaching $17.54. The company had a trading volume of 87,351 shares, compared to its average volume of 106,035. The stock has a market capitalization of $286.13 million, a PE ratio of -24.36 and a beta of 2.59. OneWater Marine Inc. has a twelve month low of $14.13 and a twelve month high of $31.36. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24. The stock's 50 day moving average is $17.13 and its 200-day moving average is $19.91.
OneWater Marine (NASDAQ:ONEW - Get Free Report) last announced its quarterly earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities analysts anticipate that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on ONEW. KeyCorp cut their price target on shares of OneWater Marine from $27.00 to $22.00 and set an "overweight" rating on the stock in a report on Wednesday, January 8th. Truist Financial dropped their price target on OneWater Marine from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. Finally, Stifel Nicolaus decreased their price objective on OneWater Marine from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $23.75.
Check Out Our Latest Stock Analysis on ONEW
Insiders Place Their Bets
In related news, CEO Philip Austin Jr. Singleton bought 15,000 shares of the business's stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $15.40 per share, for a total transaction of $231,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 682,368 shares in the company, valued at approximately $10,508,467.20. This represents a 2.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 20.30% of the company's stock.
OneWater Marine Company Profile
(
Free Report)
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.
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