Mackenzie Financial Corp Takes $394,000 Position in OneWater Marine Inc. (NASDAQ:ONEW)

Mackenzie Financial Corp purchased a new stake in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 22,692 shares of the company's stock, valued at approximately $394,000. Mackenzie Financial Corp owned 0.14% of OneWater Marine as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of ONEW. BNP Paribas Financial Markets bought a new stake in OneWater Marine during the fourth quarter valued at about $29,000. Wells Fargo & Company MN grew its holdings in OneWater Marine by 27.0% during the fourth quarter. Wells Fargo & Company MN now owns 7,194 shares of the company's stock valued at $125,000 after purchasing an additional 1,529 shares during the period. AlphaQuest LLC bought a new stake in OneWater Marine during the fourth quarter valued at about $158,000. Raymond James Financial Inc. bought a new stake in OneWater Marine during the fourth quarter valued at about $199,000. Finally, EntryPoint Capital LLC bought a new stake in OneWater Marine during the fourth quarter valued at about $218,000. Institutional investors own 94.32% of the company's stock.

OneWater Marine Price Performance

ONEW stock traded up $0.48 during mid-day trading on Friday, hitting $15.18. The company had a trading volume of 87,899 shares, compared to its average volume of 123,063. The company has a market capitalization of $247.63 million, a price-to-earnings ratio of -21.08 and a beta of 2.05. OneWater Marine Inc. has a 12-month low of $11.58 and a 12-month high of $31.00. 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 company has a 50-day moving average price of $14.11 and a 200 day moving average price of $16.69.

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Truist Financial dropped their target price on shares of OneWater Marine from $25.00 to $16.00 and set a "buy" rating for the company in a report on Monday, April 14th. KeyCorp dropped their target price on shares of OneWater Marine from $22.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. 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, 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $19.40.

Insiders Place Their Bets

In other OneWater Marine news, Director J Steven Roy bought 5,001 shares of the firm'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 of the company's stock, valued at $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 through this link. Corporate insiders own 20.30% of the company's stock.

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.