OneWater Marine Inc. $ONEW Shares Acquired by American Century Companies Inc.

Key Points

• American Century Companies Inc. increased its stake in OneWater Marine Inc. by 1.9%, acquiring an additional 31,727 shares, bringing its total holdings to approximately 1.7 million shares.
• Despite a revenue of $552.86 million in the latest quarter, OneWater Marine reported earnings per share of $0.79, missing analysts' expectations by $0.33.
• Current consensus rating for OneWater Marine stock is a "Hold" with a target price of $19.60, indicating mixed sentiment among analysts.

American Century Companies Inc. lifted its position in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 1.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,707,997 shares of the company's stock after buying an additional 31,727 shares during the period. American Century Companies Inc. owned approximately 10.47% of OneWater Marine worth $27,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wells Fargo & Company MN increased its holdings in shares of OneWater Marine by 27.0% during the 4th quarter. Wells Fargo & Company MN now owns 7,194 shares of the company's stock worth $125,000 after buying an additional 1,529 shares during the last quarter. BNP Paribas Financial Markets acquired a new stake in shares of OneWater Marine during the 4th quarter worth approximately $29,000. GAMMA Investing LLC increased its holdings in shares of OneWater Marine by 404.5% during the 1st quarter. GAMMA Investing LLC now owns 2,109 shares of the company's stock worth $34,000 after buying an additional 1,691 shares during the last quarter. Barclays PLC increased its holdings in shares of OneWater Marine by 14.6% during the 4th quarter. Barclays PLC now owns 17,971 shares of the company's stock worth $313,000 after buying an additional 2,294 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of OneWater Marine by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 296,285 shares of the company's stock worth $5,150,000 after buying an additional 2,454 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 analysts have recently issued reports on ONEW shares. KeyCorp raised their price target on shares of OneWater Marine from $16.00 to $17.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Robert W. Baird dropped their target price on shares of OneWater Marine from $18.00 to $17.00 and set a "neutral" rating for the company in a report on Friday, May 2nd. Finally, Zacks Research downgraded shares of OneWater Marine from a "hold" rating to a "strong sell" rating in a report on Monday. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $19.60.

OneWater Marine Trading Up 1.4%

OneWater Marine stock traded up $0.23 during trading on Wednesday, hitting $17.31. The company had a trading volume of 93,971 shares, compared to its average volume of 151,930. The company's 50 day simple moving average is $15.18 and its 200-day simple moving average is $15.37. The stock has a market cap of $283.43 million, a price-to-earnings ratio of -21.44 and a beta of 1.99. 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 Inc. has a 1-year low of $11.58 and a 1-year high of $26.77.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.33). The business had revenue of $552.86 million during the quarter, compared to analyst estimates of $532.01 million. OneWater Marine had a positive return on equity of 0.45% and a negative net margin of 0.61%. OneWater Marine has set its FY 2025 guidance at 0.500-0.750 EPS. As a group, analysts expect that OneWater Marine Inc. will post 1.57 EPS for the current fiscal year.

OneWater Marine 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.