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

Marshall Wace LLP increased its holdings in shares of 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. The firm owned 53,241 shares of the company's stock after buying an additional 33,137 shares during the quarter. Marshall Wace LLP owned 0.33% of OneWater Marine worth $925,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of ONEW. Wells Fargo & Company MN lifted 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 buying an additional 1,529 shares in the last quarter. AlphaQuest LLC acquired a new stake in shares of OneWater Marine in the fourth quarter valued at approximately $158,000. Raymond James Financial Inc. bought a new position in OneWater Marine during the fourth quarter worth $199,000. EntryPoint Capital LLC bought a new stake in shares of OneWater Marine during the 4th quarter worth about $218,000. Finally, Barclays PLC lifted 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 purchasing an additional 2,294 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors.

Insider Transactions at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton bought 15,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were acquired at an average cost of $15.40 per share, with a total value of $231,000.00. Following the completion of the transaction, the chief executive officer now owns 682,368 shares of the company's stock, valued at approximately $10,508,467.20. This trade represents a 2.25 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 20.30% of the company's stock.

Analyst Upgrades and Downgrades

ONEW has been the topic of several recent analyst reports. Baird R W lowered OneWater Marine from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird cut their price target on shares of OneWater Marine from $18.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday. Stifel Nicolaus reduced their price objective on shares of OneWater Marine from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Truist Financial dropped their price objective on shares of OneWater Marine from $25.00 to $16.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, KeyCorp reduced 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $19.40.

OneWater Marine Trading Down 8.7 %

Shares of NASDAQ ONEW traded down $1.19 during midday trading on Friday, reaching $12.54. The company had a trading volume of 438,333 shares, compared to its average volume of 116,852. 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 one year low of $11.90 and a one year high of $31.36. The firm's fifty day moving average price is $15.31 and its 200-day moving average price is $18.10. The stock has a market cap of $204.57 million, a PE ratio of -17.42 and a beta of 2.15.

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

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.