OneWater Marine Inc. (NASDAQ:ONEW - Get Free Report) shares were up 3.9% during trading on Thursday . The stock traded as high as $16.20 and last traded at $15.91. Approximately 100,991 shares traded hands during trading, a decline of 22% from the average daily volume of 130,049 shares. The stock had previously closed at $15.31.
Wall Street Analyst Weigh In
Several analysts have recently commented on ONEW shares. Baird R W lowered OneWater Marine from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. KeyCorp decreased their price objective on OneWater Marine from $22.00 to $16.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Truist Financial decreased 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, Robert W. Baird lowered their price target on OneWater Marine from $18.00 to $17.00 and set a "neutral" rating for the company in a research report on Friday, May 2nd. Four equities 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 stock presently has a consensus rating of "Hold" and an average price target of $19.40.
Read Our Latest Report on OneWater Marine
OneWater Marine Trading Down 3.8%
The stock has a 50-day simple moving average of $14.29 and a 200 day simple moving average of $15.64. The company has a current ratio of 1.20, a quick ratio of 0.33 and a debt-to-equity ratio of 1.05. The company has a market cap of $249.54 million, a price-to-earnings ratio of -32.55 and a beta of 1.97.
OneWater Marine (NASDAQ:ONEW - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.25 by ($0.12). The company had revenue of $483.52 million for the quarter, compared to analysts' expectations of $498.73 million. OneWater Marine had a negative net margin of 0.39% and a positive return on equity of 1.09%. As a group, equities research analysts predict 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, Director J Steven Roy purchased 5,001 shares of the business's stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average price of $12.22 per share, for a total transaction of $61,112.22. Following the purchase, the director directly owned 25,761 shares in the company, valued at approximately $314,799.42. This trade represents a 24.09% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 20.30% of the company's stock.
Hedge Funds Weigh In On OneWater Marine
Several institutional investors and hedge funds have recently modified their holdings of the business. Royce & Associates LP increased its stake in shares of 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 purchasing an additional 146,798 shares in the last quarter. American Century Companies Inc. increased its stake in shares of OneWater Marine by 1.9% in the 1st quarter. American Century Companies Inc. now owns 1,707,997 shares of the company's stock valued at $27,635,000 after purchasing an additional 31,727 shares in the last quarter. Private Management Group Inc. increased its stake in shares of 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 purchasing an additional 53,019 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of OneWater Marine by 0.8% in the 4th 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. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in shares of OneWater Marine by 40.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 455,320 shares of the company's stock valued at $7,367,000 after purchasing an additional 130,400 shares in the last quarter. Hedge funds and other institutional investors own 94.32% of the company's stock.
About OneWater Marine
(
Get Free Report)
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.
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