OneWater Marine Inc. (NASDAQ:ONEW) Stock Holdings Lifted by Sei Investments Co.

Sei Investments Co. increased its stake in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 14.0% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 229,506 shares of the company's stock after acquiring an additional 28,164 shares during the period. Sei Investments Co. owned approximately 1.41% of OneWater Marine worth $3,989,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. FMR LLC boosted 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 valued at $103,000 after purchasing an additional 3,312 shares during the period. AlphaQuest LLC acquired a new position in OneWater Marine in the 4th quarter worth $158,000. Raymond James Financial Inc. purchased a new position in OneWater Marine in the 4th quarter valued at about $199,000. Rhumbline Advisers grew its stake in shares of 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 acquiring an additional 683 shares in the last quarter. Finally, Barclays PLC increased its position in shares of 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 during the last quarter. Institutional investors and hedge funds own 94.32% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ONEW. Robert W. Baird reissued a "neutral" rating and issued a $18.00 price target (down previously from $25.00) on shares of OneWater Marine in a report on Friday. Truist Financial reduced their target price on OneWater Marine from $30.00 to $25.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. KeyCorp dropped their price target on shares of OneWater Marine from $27.00 to $22.00 and set an "overweight" rating for the company in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus reduced their price objective 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $22.60.

Remove Ads

Insider Transactions at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 15,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $15.40 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now 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 ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.30% of the company's stock.

OneWater Marine Stock Performance

Shares of NASDAQ ONEW traded down $1.47 during trading on Friday, reaching $13.79. The stock had a trading volume of 511,636 shares, compared to its average volume of 112,222. 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 one year low of $12.77 and a one year high of $31.36. The firm's 50 day moving average price is $17.41 and its two-hundred day moving average price is $19.52. The stock has a market cap of $224.96 million, a PE ratio of -19.15 and a beta of 2.33.

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 the consensus estimate of ($0.84) by $0.30. OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.09%. On average, research analysts forecast that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal 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.