John Troiano Sells 1,662 Shares of OneWater Marine (NASDAQ:ONEW) Stock

OneWater Marine Inc. (NASDAQ:ONEW) Director John Troiano sold 1,662 shares of the business’s stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $13.19, for a total value of $21,921.78. Following the transaction, the director directly owned 51,592 shares of the company’s stock, valued at $680,498.48. The trade was a 3.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

OneWater Marine Stock Performance

OneWater Marine stock opened at $11.98 on Friday. The stock has a market cap of $198.01 million, a P/E ratio of -1.78 and a beta of 1.67. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.28 and a current ratio of 1.13. OneWater Marine Inc. has a fifty-two week low of $10.14 and a fifty-two week high of $21.00. The firm’s fifty day moving average price is $12.35 and its 200-day moving average price is $14.20.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly earnings results on Thursday, January 29th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.39) by $0.35. The firm had revenue of $380.56 million during the quarter, compared to analyst estimates of $380.32 million. OneWater Marine had a positive return on equity of 4.32% and a negative net margin of 5.88%. On average, equities research analysts expect that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OneWater Marine

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ONEW. AQR Capital Management LLC purchased a new position in OneWater Marine during the first quarter valued at $345,000. Goldman Sachs Group Inc. grew its position in shares of OneWater Marine by 8.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 101,291 shares of the company’s stock worth $1,639,000 after buying an additional 7,659 shares during the period. Alpha Wealth Funds LLC bought a new position in shares of OneWater Marine in the 2nd quarter worth about $266,000. AlphaQuest LLC lifted its position in OneWater Marine by 20.8% during the 2nd quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock valued at $108,000 after acquiring an additional 1,392 shares during the period. Finally, First Eagle Investment Management LLC boosted its stake in OneWater Marine by 66.2% during the second quarter. First Eagle Investment Management LLC now owns 251,048 shares of the company’s stock worth $3,362,000 after acquiring an additional 99,964 shares in the last quarter. 94.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ONEW has been the subject of a number of analyst reports. Zacks Research raised OneWater Marine from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings restated a “sell (d-)” rating on shares of OneWater Marine in a report on Thursday, January 22nd. KeyCorp decreased their target price on OneWater Marine from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Finally, Benchmark restated a “hold” rating on shares of OneWater Marine in a report on Friday, November 14th. Two equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $17.00.

OneWater Marine Company Profile

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.