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

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

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. BNP Paribas Financial Markets acquired a new stake in OneWater Marine during the fourth quarter worth approximately $29,000. Wells Fargo & Company MN boosted its position 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 purchasing an additional 1,529 shares in the last quarter. AlphaQuest LLC bought a new stake in OneWater Marine in the 4th quarter valued at about $158,000. Raymond James Financial Inc. acquired a new position in shares of OneWater Marine during the fourth quarter worth approximately $199,000. Finally, EntryPoint Capital LLC purchased a new position in shares of OneWater Marine during the fourth quarter valued at approximately $218,000. Institutional investors and hedge funds own 94.32% of the company's stock.

Insider Activity

In other OneWater Marine news, Director J Steven Roy bought 5,001 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average price of $12.22 per share, for a total transaction of $61,112.22. Following the completion of the acquisition, the director now directly owns 25,761 shares in the company, valued at $314,799.42. The trade was a 24.09% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 20.30% of the company's stock.

OneWater Marine Price Performance

NASDAQ:ONEW traded up $0.41 during midday trading on Friday, hitting $15.11. The company had a trading volume of 36,143 shares, compared to its average volume of 122,713. 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 stock's fifty day moving average price is $14.13 and its 200-day moving average price is $16.72. OneWater Marine Inc. has a 52-week low of $11.58 and a 52-week high of $31.27. The company has a market capitalization of $246.49 million, a PE ratio of -20.85 and a beta of 2.15.

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

Wall Street Analysts Forecast Growth

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

OneWater Marine Company 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.