Millennium Management LLC Buys Shares of 44,998 OneWater Marine Inc. (NASDAQ:ONEW)

Millennium Management LLC bought a new stake in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 44,998 shares of the company's stock, valued at approximately $782,000. Millennium Management LLC owned about 0.28% of OneWater Marine as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in OneWater Marine by 23.3% during the 4th quarter. Bank of America Corp DE now owns 16,296 shares of the company's stock valued at $283,000 after buying an additional 3,077 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in shares of OneWater Marine during the 4th quarter worth $29,000. Ameriprise Financial Inc. lifted its stake in shares of OneWater Marine by 13.7% during the 4th quarter. Ameriprise Financial Inc. now owns 54,352 shares of the company's stock worth $945,000 after purchasing an additional 6,563 shares during the period. Jane Street Group LLC lifted its stake in shares of OneWater Marine by 2,322.1% during the 4th quarter. Jane Street Group LLC now owns 40,158 shares of the company's stock worth $698,000 after purchasing an additional 38,500 shares during the period. Finally, Northern Trust Corp lifted its stake in shares of OneWater Marine by 9.4% during the 4th quarter. Northern Trust Corp now owns 106,081 shares of the company's stock worth $1,844,000 after purchasing an additional 9,097 shares during the period. Institutional investors and hedge funds own 94.32% of the company's stock.

OneWater Marine Trading Up 3.3%

Shares of ONEW opened at $15.18 on Friday. The company has a current ratio of 1.24, a quick ratio of 0.25 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $247.63 million, a P/E ratio of -21.08 and a beta of 2.15. The stock's fifty day simple moving average is $14.11 and its 200 day simple moving average is $16.69. OneWater Marine Inc. has a twelve month low of $11.58 and a twelve month high of $31.00.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last issued its earnings results 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). The firm 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, equities research analysts forecast that OneWater Marine Inc. will post 1.57 earnings per share for the current year.

Insider Buying and Selling

In related news, Director J Steven Roy acquired 5,001 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $12.22 per share, with a total value of $61,112.22. Following the completion of the transaction, the director now directly owns 25,761 shares of the company's stock, valued at $314,799.42. This trade represents a 24.09% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 20.30% of the company's stock.

Wall Street Analyst Weigh In

ONEW has been the topic of a number of recent analyst reports. Robert W. Baird reduced their price target 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. Truist Financial reduced their price target on OneWater Marine from $25.00 to $16.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. KeyCorp reduced their price target 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. Finally, Baird R W lowered OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, OneWater Marine 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.

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