NBW Capital LLC Trims Stock Position in OneWater Marine Inc. (NASDAQ:ONEW)

NBW Capital LLC decreased its stake in OneWater Marine Inc. (NASDAQ:ONEW) by 4.0% during the fourth quarter, Holdings Channel reports. The institutional investor owned 248,979 shares of the company’s stock after selling 10,374 shares during the quarter. OneWater Marine makes up approximately 1.8% of NBW Capital LLC’s investment portfolio, making the stock its 15th largest position. NBW Capital LLC’s holdings in OneWater Marine were worth $8,413,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ONEW. Raymond James & Associates lifted its position in shares of OneWater Marine by 130.6% during the 1st quarter. Raymond James & Associates now owns 14,855 shares of the company’s stock valued at $512,000 after buying an additional 8,414 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in OneWater Marine by 1.1% in the 1st quarter. Bank of New York Mellon Corp now owns 69,089 shares of the company’s stock worth $2,379,000 after buying an additional 718 shares during the last quarter. MetLife Investment Management LLC increased its stake in OneWater Marine by 65.0% during the 1st quarter. MetLife Investment Management LLC now owns 6,012 shares of the company’s stock worth $207,000 after buying an additional 2,368 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of OneWater Marine by 34.8% during the first quarter. Rhumbline Advisers now owns 10,341 shares of the company’s stock valued at $356,000 after acquiring an additional 2,669 shares during the last quarter. Finally, BlackRock Inc. increased its position in shares of OneWater Marine by 2.9% during the first quarter. BlackRock Inc. now owns 686,029 shares of the company’s stock worth $23,633,000 after purchasing an additional 19,590 shares in the last quarter. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

OneWater Marine Stock Down 0.6 %

NASDAQ ONEW traded down $0.15 on Thursday, reaching $24.04. The stock had a trading volume of 37,332 shares, compared to its average volume of 84,167. The company has a quick ratio of 0.26, a current ratio of 1.27 and a debt-to-equity ratio of 1.13. OneWater Marine Inc. has a 12-month low of $21.78 and a 12-month high of $39.15. The stock has a fifty day moving average price of $25.77 and a two-hundred day moving average price of $26.76.

OneWater Marine (NASDAQ:ONEW) last announced its earnings results on Thursday, February 1st. The company reported ($0.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.08). The firm had revenue of $364.01 million for the quarter, compared to analysts’ expectations of $370.33 million. OneWater Marine had a negative net margin of 2.83% and a positive return on equity of 11.55%. On average, equities research analysts predict that OneWater Marine Inc. will post 3.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on ONEW shares. Truist Financial reduced their target price on shares of OneWater Marine from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. DA Davidson reaffirmed a “neutral” rating and set a $27.00 price target on shares of OneWater Marine in a research report on Friday, March 15th. KeyCorp increased their price objective on OneWater Marine from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, January 12th. Finally, Stifel Nicolaus lifted their target price on OneWater Marine from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $32.40.

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.