Crestwood Advisors Group LLC acquired a new position in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 38,598 shares of the company's stock, valued at approximately $625,000. Crestwood Advisors Group LLC owned 0.24% of OneWater Marine at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Russell Investments Group Ltd. increased its holdings in OneWater Marine by 42.0% in the fourth quarter. Russell Investments Group Ltd. now owns 201,943 shares of the company's stock valued at $3,510,000 after buying an additional 59,753 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of OneWater Marine in the 4th quarter worth approximately $782,000. Jane Street Group LLC grew its holdings in shares of OneWater Marine by 2,322.1% in the 4th quarter. Jane Street Group LLC now owns 40,158 shares of the company's stock worth $698,000 after acquiring an additional 38,500 shares during the period. Dakota Wealth Management purchased a new position in OneWater Marine in the 1st quarter valued at approximately $586,000. Finally, GAMMA Investing LLC raised its holdings in OneWater Marine by 8,063.6% during the first quarter. GAMMA Investing LLC now owns 34,124 shares of the company's stock worth $552,000 after purchasing an additional 33,706 shares during the last quarter. Institutional investors and hedge funds own 94.32% of the company's stock.
Insider Buying and Selling at OneWater Marine
In related news, Director J Steven Roy acquired 5,001 shares of the stock in a transaction dated Wednesday, May 7th. The stock was bought at an average cost of $12.22 per share, with a total value of $61,112.22. Following the purchase, the director directly owned 25,761 shares of the company's stock, valued at approximately $314,799.42. This represents a 24.09% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 20.30% of the stock is currently owned by company insiders.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Truist Financial decreased their target price on OneWater Marine from $25.00 to $16.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. KeyCorp cut their price target on OneWater Marine from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Robert W. Baird lowered their price objective on shares of OneWater Marine from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. Finally, Baird R W downgraded shares of OneWater Marine from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, OneWater Marine has a consensus rating of "Hold" and a consensus price target of $19.40.
Read Our Latest Research Report on OneWater Marine
OneWater Marine Trading Up 2.1%
ONEW traded up $0.31 during midday trading on Friday, hitting $15.37. The company's stock had a trading volume of 151,473 shares, compared to its average volume of 144,283. OneWater Marine Inc. has a 52-week low of $11.58 and a 52-week high of $31.00. The firm has a 50-day moving average price of $14.47 and a two-hundred day moving average price of $15.42. The company has a current ratio of 1.20, a quick ratio of 0.33 and a debt-to-equity ratio of 1.05. The firm has a market cap of $250.68 million, a P/E ratio of -32.70 and a beta of 1.97.
OneWater Marine (NASDAQ:ONEW - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.12). OneWater Marine had a positive return on equity of 1.09% and a negative net margin of 0.39%. The company had revenue of $483.52 million during the quarter, compared to analyst estimates of $498.73 million. On average, research analysts anticipate that OneWater Marine Inc. will post 1.57 earnings per share for the current year.
About OneWater Marine
(
Free Report)
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.
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