NBW Capital LLC Sells 47,187 Shares of 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 cut its holdings in OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 23.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 152,478 shares of the company's stock after selling 47,187 shares during the quarter. NBW Capital LLC owned about 0.93% of OneWater Marine worth $2,467,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of OneWater Marine by 112.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 88,710 shares of the company's stock worth $1,435,000 after purchasing an additional 46,920 shares in the last quarter. Private Management Group Inc. raised its stake in OneWater Marine by 10.0% in the 1st quarter. Private Management Group Inc. now owns 583,007 shares of the company's stock valued at $9,433,000 after acquiring an additional 53,019 shares during the period. Royce & Associates LP grew its stake in OneWater Marine by 7.9% in the 1st quarter. Royce & Associates LP now owns 2,000,586 shares of the company's stock valued at $32,369,000 after buying an additional 146,798 shares during the last quarter. Crestwood Advisors Group LLC bought a new position in OneWater Marine in the 1st quarter valued at about $625,000. Finally, Dakota Wealth Management acquired a new stake in OneWater Marine during the first quarter worth approximately $586,000. Institutional investors and hedge funds own 94.32% of the company's stock.

OneWater Marine Price Performance

Shares of ONEW traded down $0.51 during trading hours on Friday, reaching $15.22. The stock had a trading volume of 87,170 shares, compared to its average volume of 143,748. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.33 and a current ratio of 1.23. The stock has a market capitalization of $248.28 million, a PE ratio of -18.79 and a beta of 1.99. OneWater Marine Inc. has a 12 month low of $11.58 and a 12 month high of $26.77. The company's 50-day moving average is $14.68 and its two-hundred day moving average is $15.42.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.79 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.33). The firm 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%. Research analysts expect that OneWater Marine Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Truist Financial dropped their price target on OneWater Marine from $25.00 to $16.00 and set a "buy" rating for the company in a report on Monday, April 14th. 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. Finally, KeyCorp increased their price objective on OneWater Marine from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target 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.