NBW Capital LLC Has $2.47 Million Stock Holdings in OneWater Marine Inc. (NASDAQ:ONEW)

Key Points

• NBW Capital LLC reduced its stake in OneWater Marine Inc. by 23.6%, selling 47,187 shares, which brought its total holdings to approximately 152,478 shares valued at $2.47 million.
• OneWater Marine's reported earnings per share (EPS) was $0.79 for the most recent quarter, missing analysts' estimates by $0.33, while revenues exceeded expectations at $552.86 million.
• Equities analysts have mixed ratings for OneWater Marine, with a consensus target price set at $19.60, as KeyCorp raised its target price while others like Truist Financial lowered theirs.

NBW Capital LLC decreased its holdings in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 23.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,478 shares of the company's stock after selling 47,187 shares during the period. NBW Capital LLC owned about 0.93% of OneWater Marine worth $2,467,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ONEW. BNP Paribas Financial Markets bought a new stake in OneWater Marine during the fourth quarter valued at $29,000. GAMMA Investing LLC boosted its stake in OneWater Marine by 404.5% in the first quarter. GAMMA Investing LLC now owns 2,109 shares of the company's stock valued at $34,000 after acquiring an additional 1,691 shares during the period. Wells Fargo & Company MN boosted its stake in OneWater Marine by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 7,194 shares of the company's stock valued at $125,000 after acquiring an additional 1,529 shares during the period. Raymond James Financial Inc. acquired a new position in OneWater Marine in the fourth quarter valued at approximately $199,000. Finally, Bank of America Corp DE boosted its stake in OneWater Marine by 23.3% in the fourth quarter. Bank of America Corp DE now owns 16,296 shares of the company's stock valued at $283,000 after acquiring an additional 3,077 shares during the period. Institutional investors own 94.32% of the company's stock.

OneWater Marine Stock Performance

Shares of NASDAQ:ONEW traded up $0.74 during trading on Tuesday, reaching $16.11. The stock had a trading volume of 43,643 shares, compared to its average volume of 152,836. OneWater Marine Inc. has a 52 week low of $11.58 and a 52 week high of $26.77. The firm has a market capitalization of $263.72 million, a price-to-earnings ratio of -19.94 and a beta of 1.99. The company has a quick ratio of 0.37, a current ratio of 1.23 and a debt-to-equity ratio of 0.97. The stock has a fifty day simple moving average of $14.71 and a two-hundred day simple moving average of $15.40.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.12 by ($0.33). The business had revenue of $552.86 million during the quarter, compared to the consensus estimate of $532.01 million. OneWater Marine had a negative net margin of 0.61% and a positive return on equity of 0.45%. As a group, analysts anticipate that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Robert W. Baird lowered their price target on shares of OneWater Marine from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Truist Financial lowered their price target on shares of 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 upped their price target on shares of OneWater Marine from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, OneWater Marine currently has an average rating of "Hold" and a consensus target price of $19.60.

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.