Jane Street Group LLC Grows Stock Position in OneWater Marine Inc. (NASDAQ:ONEW)

Jane Street Group LLC lifted its position in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 2,322.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,158 shares of the company's stock after buying an additional 38,500 shares during the quarter. Jane Street Group LLC owned about 0.25% of OneWater Marine worth $698,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Royce & Associates LP increased its holdings in shares of OneWater Marine by 13.2% during the fourth quarter. Royce & Associates LP now owns 1,853,788 shares of the company's stock valued at $32,219,000 after acquiring an additional 216,410 shares in the last quarter. American Century Companies Inc. raised its holdings in OneWater Marine by 1.8% during the fourth quarter. American Century Companies Inc. now owns 1,676,270 shares of the company's stock worth $29,134,000 after buying an additional 29,468 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of OneWater Marine by 0.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 470,987 shares of the company's stock valued at $8,186,000 after buying an additional 3,508 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of OneWater Marine by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 296,285 shares of the company's stock valued at $5,150,000 after buying an additional 2,454 shares during the last quarter. Finally, Sei Investments Co. increased its position in shares of OneWater Marine by 14.0% during the fourth quarter. Sei Investments Co. now owns 229,506 shares of the company's stock worth $3,989,000 after acquiring an additional 28,164 shares in the last quarter. Institutional investors own 94.32% of the company's stock.

Insider Buying and Selling at OneWater Marine

In other OneWater Marine news, Director J Steven Roy acquired 5,001 shares of the business's stock in a transaction dated Wednesday, May 7th. The shares were purchased at an average cost of $12.22 per share, for a total transaction of $61,112.22. Following the transaction, the director now owns 25,761 shares in the company, valued at $314,799.42. This represents a 24.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philip Austin Jr. Singleton purchased 15,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $15.40 per share, with a total value of $231,000.00. Following the purchase, 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 disclosure for this purchase can be found here. Insiders have acquired 20,549 shares of company stock worth $299,510 over the last ninety days. Insiders own 20.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ONEW shares. Baird R W lowered shares of OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird lowered their target price on OneWater Marine from $18.00 to $17.00 and set a "neutral" rating on the stock in a research note on Friday, May 2nd. KeyCorp reduced their price target on shares of OneWater Marine from $22.00 to $16.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Finally, Truist Financial lowered their price objective on shares of OneWater Marine from $25.00 to $16.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, OneWater Marine has a consensus rating of "Hold" and an average price target of $19.40.

OneWater Marine Stock Performance

Shares of NASDAQ:ONEW traded down $0.10 during midday trading on Friday, reaching $14.80. 6,888 shares of the company traded hands, compared to its average volume of 158,238. OneWater Marine Inc. has a 12 month low of $11.58 and a 12 month high of $31.36. The firm's fifty day moving average price is $14.37 and its two-hundred day moving average price is $16.96. The company has a quick ratio of 0.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $241.35 million, a price-to-earnings ratio of -20.55 and a beta of 2.15.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted its quarterly earnings data 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). The business had revenue of $483.52 million for the quarter, compared to the consensus estimate of $498.73 million. OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.09%. On average, equities analysts expect that OneWater Marine Inc. will post 1.57 earnings per share for the current year.

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.