Marshall Wace LLP Buys 33,137 Shares of OneWater Marine Inc. (NASDAQ:ONEW)

Marshall Wace LLP lifted its holdings in OneWater Marine Inc. (NASDAQ:ONEW - Free Report) by 164.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,241 shares of the company's stock after acquiring an additional 33,137 shares during the quarter. Marshall Wace LLP owned approximately 0.33% of OneWater Marine worth $925,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of ONEW. Rhumbline Advisers boosted its stake in OneWater Marine by 3.6% in the fourth quarter. Rhumbline Advisers now owns 19,420 shares of the company's stock worth $338,000 after purchasing an additional 683 shares in the last quarter. Wells Fargo & Company MN grew its holdings in OneWater Marine by 27.0% during the 4th quarter. Wells Fargo & Company MN now owns 7,194 shares of the company's stock worth $125,000 after acquiring an additional 1,529 shares during the last quarter. Barclays PLC grew its holdings in OneWater Marine by 14.6% during the 4th quarter. Barclays PLC now owns 17,971 shares of the company's stock worth $313,000 after acquiring an additional 2,294 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of OneWater Marine by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 296,285 shares of the company's stock worth $5,150,000 after acquiring an additional 2,454 shares during the last quarter. Finally, AlphaQuest LLC bought a new position in shares of OneWater Marine in the fourth quarter worth about $158,000. 94.32% of the stock is currently owned by institutional investors.

OneWater Marine Trading Up 1.9 %

Shares of OneWater Marine stock traded up $0.24 during trading on Tuesday, reaching $12.30. 62,177 shares of the company were exchanged, compared to its average volume of 157,526. The business has a 50-day moving average price of $15.20 and a 200-day moving average price of $17.95. The firm has a market capitalization of $200.57 million, a price-to-earnings ratio of -17.08 and a beta of 2.15. The company has a quick ratio of 0.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. OneWater Marine Inc. has a twelve month low of $11.58 and a twelve month high of $31.36.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last posted its earnings results on Thursday, May 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by ($0.12). The company had revenue of $483.52 million for the quarter, compared to analyst estimates of $498.73 million. OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. Sell-side analysts anticipate that OneWater Marine Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton bought 15,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $15.40 per share, with a total value of $231,000.00. Following the completion of the purchase, the chief executive officer now owns 682,368 shares in the company, valued at approximately $10,508,467.20. The trade was a 2.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 20.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Baird R W cut shares of OneWater Marine from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Stifel Nicolaus dropped their target price on OneWater Marine from $31.00 to $25.00 and set a "buy" rating for the company in a research report on Wednesday, January 15th. Robert W. Baird decreased their price target on OneWater Marine from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday. Truist Financial dropped their price objective on OneWater Marine from $25.00 to $16.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, KeyCorp cut their target price on shares of OneWater Marine from $22.00 to $16.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $19.40.

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.