Virtu Financial LLC Acquires Shares of 24,076 OneWater Marine Inc. (NASDAQ:ONEW)

Virtu Financial LLC acquired a new position in OneWater Marine Inc. (NASDAQ:ONEW - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,076 shares of the company's stock, valued at approximately $418,000. Virtu Financial LLC owned approximately 0.15% of OneWater Marine at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of ONEW. Barclays PLC raised its stake in shares of OneWater Marine by 267.9% in the 3rd quarter. Barclays PLC now owns 15,677 shares of the company's stock valued at $375,000 after acquiring an additional 11,416 shares in the last quarter. First Eagle Investment Management LLC bought a new stake in shares of OneWater Marine during the 4th quarter worth $588,000. Geode Capital Management LLC grew its stake in OneWater Marine by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 293,831 shares of the company's stock valued at $7,028,000 after buying an additional 29,952 shares during the last quarter. State Street Corp raised its holdings in OneWater Marine by 0.5% in the 3rd quarter. State Street Corp now owns 226,038 shares of the company's stock worth $5,405,000 after acquiring an additional 1,131 shares during the period. Finally, Royce & Associates LP boosted its holdings in OneWater Marine by 13.2% during the fourth quarter. Royce & Associates LP now owns 1,853,788 shares of the company's stock valued at $32,219,000 after acquiring an additional 216,410 shares during the period. 94.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price 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 in the company, valued at approximately $10,508,467.20. This represents a 2.25 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 20.30% of the stock is owned by insiders.

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Analysts Set New Price Targets

ONEW has been the topic of a number of research reports. Truist Financial dropped their target price on shares of OneWater Marine from $30.00 to $25.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. KeyCorp dropped their price objective 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. Finally, Stifel Nicolaus decreased their target price on OneWater Marine from $31.00 to $25.00 and set a "buy" rating on the stock in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $23.75.

OneWater Marine Price Performance

Shares of ONEW stock traded down $0.80 during mid-day trading on Friday, reaching $16.58. The company's stock had a trading volume of 110,057 shares, compared to its average volume of 109,063. The firm's 50-day moving average is $17.40 and its two-hundred day moving average is $19.64. The company has a market cap of $270.47 million, a P/E ratio of -23.03 and a beta of 2.59. OneWater Marine Inc. has a 1-year low of $14.13 and a 1-year 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.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share (EPS) 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 predict that OneWater Marine Inc. will post 1.57 earnings per share for the current year.

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.