OneWater Marine Inc. (NASDAQ:ONEW) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC increased its stake in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 2,322.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,158 shares of the company's stock after purchasing an additional 38,500 shares during the quarter. Jane Street Group LLC owned 0.25% of OneWater Marine worth $698,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ONEW. First Eagle Investment Management LLC acquired a new position in shares of OneWater Marine during the 4th quarter worth about $588,000. Sei Investments Co. boosted its position in shares of OneWater Marine by 14.0% in the 4th quarter. Sei Investments Co. now owns 229,506 shares of the company's stock valued at $3,989,000 after purchasing an additional 28,164 shares during the period. Royce & Associates LP boosted its position in shares of OneWater Marine by 13.2% in the 4th quarter. Royce & Associates LP now owns 1,853,788 shares of the company's stock valued at $32,219,000 after purchasing an additional 216,410 shares during the period. Franklin Resources Inc. purchased a new stake in OneWater Marine during the 4th quarter valued at approximately $382,000. Finally, Marshall Wace LLP raised its stake in OneWater Marine by 164.8% during the 4th quarter. Marshall Wace LLP now owns 53,241 shares of the company's stock valued at $925,000 after acquiring an additional 33,137 shares during the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.

Insider Activity at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $15.40 per share, for a total transaction of $231,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 682,368 shares of the company's stock, valued at $10,508,467.20. This trade represents a 2.25% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director J Steven Roy acquired 5,001 shares of the firm's stock in a transaction dated Wednesday, May 7th. The shares were acquired at an average price of $12.22 per share, for a total transaction of $61,112.22. Following the acquisition, the director now directly owns 25,761 shares of the company's stock, valued at approximately $314,799.42. The trade was a 24.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. 20.30% of the stock is currently owned by company insiders.

OneWater Marine Stock Performance

Shares of ONEW stock traded down $0.21 during trading hours on Wednesday, reaching $14.63. 70,632 shares of the company's stock were exchanged, compared to its average volume of 123,731. The company has a market cap of $238.66 million, a P/E ratio of -20.32 and a beta of 2.15. The company's 50 day moving average is $14.48 and its two-hundred day moving average is $17.05. OneWater Marine Inc. has a 1 year low of $11.58 and a 1 year high of $31.36. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 0.25.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.25 by ($0.12). OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.09%. The firm had revenue of $483.52 million during the quarter, compared to analysts' expectations of $498.73 million. Equities research analysts anticipate that OneWater Marine Inc. will post 1.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on ONEW shares. Robert W. Baird reduced their price objective on OneWater Marine from $18.00 to $17.00 and set a "neutral" rating for the company in a research note on Friday, May 2nd. Truist Financial reduced their price objective on OneWater Marine from $25.00 to $16.00 and set a "buy" rating for the company in a research note on Monday, April 14th. KeyCorp reduced their price objective 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. Finally, Baird R W downgraded OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, OneWater Marine currently has an average rating of "Hold" and an average target price of $19.40.

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.