OneWater Marine Inc. (NASDAQ:ONEW) Receives Average Recommendation of “Hold” from Analysts

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have been given an average rating of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $19.00.

Several brokerages have commented on ONEW. Zacks Research downgraded shares of OneWater Marine from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 28th. Truist Financial lifted their price target on OneWater Marine from $16.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Weiss Ratings restated a “sell (d-)” rating on shares of OneWater Marine in a research report on Wednesday, October 8th. KeyCorp lowered their target price on shares of OneWater Marine from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Finally, Benchmark reissued a “hold” rating on shares of OneWater Marine in a research note on Friday, November 14th.

OneWater Marine Trading Down 3.4%

Shares of OneWater Marine stock opened at $11.54 on Wednesday. The company’s 50-day moving average price is $13.83 and its 200-day moving average price is $14.86. The company has a current ratio of 1.23, a quick ratio of 0.37 and a debt-to-equity ratio of 0.97. OneWater Marine has a 12-month low of $10.32 and a 12-month high of $21.40. The company has a market cap of $188.91 million, a price-to-earnings ratio of -1.63 and a beta of 1.63.

Insider Transactions at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton bought 3,654 shares of OneWater Marine stock in a transaction that occurred on Friday, September 19th. The shares were acquired at an average price of $15.37 per share, with a total value of $56,161.98. Following the completion of the purchase, the chief executive officer directly owned 712,244 shares in the company, valued at $10,947,190.28. The trade was a 0.52% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 20.30% of the company’s stock.

Hedge Funds Weigh In On OneWater Marine

Hedge funds and other institutional investors have recently modified their holdings of the company. BNP Paribas Financial Markets increased its position in shares of OneWater Marine by 94.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock valued at $45,000 after purchasing an additional 1,395 shares during the last quarter. AlphaQuest LLC boosted its stake in shares of OneWater Marine by 20.8% in the 2nd quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock valued at $108,000 after purchasing an additional 1,392 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of OneWater Marine by 50.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock valued at $129,000 after purchasing an additional 2,710 shares in the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of OneWater Marine during the 3rd quarter valued at $192,000. Finally, Two Sigma Investments LP purchased a new position in OneWater Marine in the 3rd quarter worth $219,000. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

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.