Nuveen LLC Makes New $529,000 Investment in OneWater Marine Inc. $ONEW

Key Points

• Nuveen LLC acquired a new stake in OneWater Marine Inc., purchasing 32,676 shares valued at approximately $529,000, representing 0.20% ownership of the company.
• OneWater Marine's stock price recently increased by 2.3%, with shares opening at $16.31, following a quarterly earnings report that showed an EPS of $0.79, missing estimates.
• Analysts have mixed ratings on OneWater Marine, with reports ranging from an "overweight" rating and a price target increase by KeyCorp, to Zacks lowering its rating to "strong sell."

Nuveen LLC purchased a new stake in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 32,676 shares of the company's stock, valued at approximately $529,000. Nuveen LLC owned 0.20% of OneWater Marine as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Royce & Associates LP raised its holdings in OneWater Marine by 7.9% during the first quarter. Royce & Associates LP now owns 2,000,586 shares of the company's stock valued at $32,369,000 after acquiring an additional 146,798 shares during the period. Private Management Group Inc. grew its position in shares of OneWater Marine by 10.0% during the first quarter. Private Management Group Inc. now owns 583,007 shares of the company's stock valued at $9,433,000 after purchasing an additional 53,019 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of OneWater Marine by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 470,987 shares of the company's stock valued at $8,186,000 after purchasing an additional 3,508 shares in the last quarter. Northern Trust Corp grew its position in shares of OneWater Marine by 9.4% during the fourth quarter. Northern Trust Corp now owns 106,081 shares of the company's stock valued at $1,844,000 after purchasing an additional 9,097 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of OneWater Marine by 112.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 88,710 shares of the company's stock valued at $1,435,000 after purchasing an additional 46,920 shares in the last quarter. 94.32% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Zacks Research lowered OneWater Marine from a "hold" rating to a "strong sell" rating in a research report on Monday, August 25th. KeyCorp lifted their price target on OneWater Marine from $16.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $19.60.

OneWater Marine Trading Up 3.1%

Shares of OneWater Marine stock traded up $0.51 on Friday, hitting $16.82. 105,906 shares of the company traded hands, compared to its average volume of 120,236. The stock's 50 day moving average price is $15.66 and its 200-day moving average price is $15.22. The company has a current ratio of 1.23, a quick ratio of 0.37 and a debt-to-equity ratio of 0.97. OneWater Marine Inc. has a 52 week low of $11.58 and a 52 week high of $26.77. The company has a market cap of $275.34 million, a PE ratio of -20.77 and a beta of 1.99.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, missing the consensus estimate of $1.12 by ($0.33). The company had revenue of $552.86 million for 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%. OneWater Marine has set its FY 2025 guidance at 0.500-0.750 EPS. Equities research analysts predict that OneWater Marine Inc. will post 1.57 EPS for the current year.

Insider Buying and Selling

In other news, Director John Troiano sold 15,041 shares of the company's stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $17.35, for a total transaction of $260,961.35. Following the transaction, the director directly owned 52,226 shares of the company's stock, valued at approximately $906,121.10. This represents a 22.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 20.30% of the stock is owned by company insiders.

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.