OneWater Marine's (ONEW) Sell (D-) Rating Reaffirmed at Weiss Ratings

Key Points

• OneWater Marine's stock has been reaffirmed with a "sell (D-)" rating by Weiss Ratings, contrasting with other reports that have recently upgraded its rating to "buy" or "hold".
• The company reported earnings of $0.79 per share for the last quarter, missing analyst estimates of $1.12, but surpassed revenue expectations with $552.86 million.
• Institutional investors own approximately 94.32% of OneWater Marine's stock, with notable increases in ownership from funds such as GAMMA Investing LLC and Raymond James Financial Inc.

OneWater Marine (NASDAQ:ONEW - Get Free Report)'s stock had its "sell (d-)" rating reiterated by analysts at Weiss Ratings in a research note issued to investors on Saturday,Weiss Ratings reports.

ONEW has been the topic of a number of other research reports. Zacks Research upgraded OneWater Marine from a "strong sell" rating to a "hold" rating in a research note on Monday, September 29th. KeyCorp raised their price target on OneWater Marine from $16.00 to $17.00 and gave the company an "overweight" rating in a report on Friday, August 1st. Finally, Truist Financial raised their price target on OneWater Marine from $16.00 to $18.00 and gave the company a "buy" rating in a report on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $20.00.

OneWater Marine Stock Up 6.1%

ONEW stock opened at $16.96 on Friday. The company has a quick ratio of 0.37, a current ratio of 1.23 and a debt-to-equity ratio of 0.97. The business has a 50 day moving average price of $16.04 and a two-hundred day moving average price of $15.04. The company has a market cap of $277.64 million, a price-to-earnings ratio of -20.94 and a beta of 1.89. OneWater Marine has a twelve month low of $11.58 and a twelve month high of $26.77.

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 analysts' consensus estimates of $1.12 by ($0.33). The company had revenue of $552.86 million during 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. Analysts anticipate that OneWater Marine will post 1.57 EPS for the current fiscal year.

Insider Activity at OneWater Marine

In related news, Director John Troiano sold 15,041 shares of OneWater Marine stock in a transaction that occurred 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 completion of the sale, the director directly owned 52,226 shares of the company's stock, valued at approximately $906,121.10. This trade represents a 22.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Philip Austin Jr. Singleton purchased 3,654 shares of the company's stock in a transaction that occurred on Friday, September 19th. The shares were purchased at an average cost of $15.37 per share, with a total value of $56,161.98. Following the completion of the acquisition, the chief executive officer owned 712,244 shares in the company, valued at $10,947,190.28. The trade was a 0.52% increase in their position. The disclosure for this purchase can be found here. Company insiders own 20.30% of the company's stock.

Institutional Trading of OneWater Marine

Hedge funds have recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its holdings in OneWater Marine by 404.5% during the 1st quarter. GAMMA Investing LLC now owns 2,109 shares of the company's stock worth $34,000 after purchasing an additional 1,691 shares during the last quarter. AlphaQuest LLC raised its holdings in OneWater Marine by 20.8% in the 2nd quarter. AlphaQuest LLC now owns 8,097 shares of the company's stock valued at $108,000 after acquiring an additional 1,392 shares in the last quarter. Brevan Howard Capital Management LP acquired a new position in OneWater Marine in the 2nd quarter valued at $222,000. Alpha Wealth Funds LLC acquired a new position in OneWater Marine in the 2nd quarter valued at $266,000. Finally, Raymond James Financial Inc. raised its holdings in OneWater Marine by 94.7% in the 2nd quarter. Raymond James Financial Inc. now owns 20,948 shares of the company's stock valued at $280,000 after acquiring an additional 10,189 shares in the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.

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.

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