Gilder Gagnon Howe & Co. LLC Cuts Position in OneWater Marine Inc. (NASDAQ:ONEW)

Gilder Gagnon Howe & Co. LLC lowered its stake in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 11.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,084,770 shares of the company's stock after selling 140,590 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 6.65% of OneWater Marine worth $18,853,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ONEW. Wells Fargo & Company MN boosted its holdings in shares of 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 in the last quarter. AlphaQuest LLC acquired a new position in shares of OneWater Marine during the 4th quarter valued at $158,000. Raymond James Financial Inc. bought a new stake in shares of OneWater Marine in the 4th quarter worth $199,000. EntryPoint Capital LLC bought a new stake in shares of OneWater Marine in the 4th quarter worth $218,000. Finally, Barclays PLC raised its position in OneWater Marine by 14.6% in the fourth quarter. Barclays PLC now owns 17,971 shares of the company's stock worth $313,000 after acquiring an additional 2,294 shares in the last quarter. Institutional investors own 94.32% of the company's stock.

Insiders Place Their Bets

In other news, CEO Philip Austin Jr. Singleton bought 15,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $15.40 per share, with a total value of $231,000.00. Following the transaction, the chief executive officer now directly owns 682,368 shares of the company's stock, valued at approximately $10,508,467.20. This represents a 2.25 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 20.30% of the company's stock.

OneWater Marine Stock Down 8.8 %

Shares of NASDAQ ONEW traded down $1.33 during mid-day trading on Thursday, hitting $13.69. The company had a trading volume of 162,726 shares, compared to its average volume of 116,055. 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 50-day simple moving average of $15.48 and a two-hundred day simple moving average of $18.24. The company has a market capitalization of $223.24 million, a PE ratio of -19.00 and a beta of 2.33. OneWater Marine Inc. has a one year low of $11.46 and a one year high of $31.36.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported ($0.54) EPS for the quarter, beating the consensus estimate of ($0.84) by $0.30. OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. On average, equities analysts expect that OneWater Marine Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

Several analysts have issued reports on ONEW shares. Truist Financial cut their target price on shares of OneWater Marine from $25.00 to $16.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Stifel Nicolaus cut their target price on shares of OneWater Marine from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. KeyCorp decreased their target price on shares of OneWater Marine from $22.00 to $16.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Robert W. Baird reiterated a "neutral" rating and set a $18.00 price objective (down from $25.00) on shares of OneWater Marine in a report on Friday, April 4th. Finally, Baird R W downgraded OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $19.60.

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.