19,139 Shares in OneWater Marine Inc. (NASDAQ:ONEW) Bought by XTX Topco Ltd

XTX Topco Ltd purchased a new stake in shares of OneWater Marine Inc. (NASDAQ:ONEW - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 19,139 shares of the company's stock, valued at approximately $333,000. XTX Topco Ltd owned about 0.12% of OneWater Marine at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Wells Fargo & Company MN grew its position in shares of 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 buying an additional 1,529 shares during the period. AlphaQuest LLC acquired a new stake in shares of OneWater Marine in the 4th quarter valued at about $158,000. Raymond James Financial Inc. bought a new stake in OneWater Marine in the 4th quarter valued at about $199,000. EntryPoint Capital LLC bought a new position in OneWater Marine in the fourth quarter worth approximately $218,000. Finally, Barclays PLC raised its position in shares of OneWater Marine by 14.6% during the fourth 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 period. 94.32% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Robert W. Baird reaffirmed a "neutral" rating and issued a $18.00 price objective (down from $25.00) on shares of OneWater Marine in a research note on Friday, April 4th. 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. Baird R W cut OneWater Marine from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Stifel Nicolaus dropped their price objective on OneWater Marine from $31.00 to $25.00 and set a "buy" rating on the stock in a research note on Wednesday, January 15th. Finally, KeyCorp cut their price objective on shares of OneWater Marine from $22.00 to $16.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, OneWater Marine has a consensus rating of "Hold" and an average target price of $19.60.

Insiders Place Their Bets

In related news, CEO Philip Austin Jr. Singleton bought 15,000 shares of OneWater Marine stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $15.40 per share, with a total value of $231,000.00. Following the acquisition, the chief executive officer now directly owns 682,368 shares of the company's stock, valued at $10,508,467.20. This represents a 2.25 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 20.30% of the company's stock.

OneWater Marine Stock Performance

Shares of NASDAQ:ONEW remained flat at $14.65 during midday trading on Tuesday. 5,208 shares of the company were exchanged, compared to its average volume of 114,121. OneWater Marine Inc. has a 52 week low of $12.02 and a 52 week high of $31.36. The stock has a 50-day simple moving average of $15.61 and a 200 day simple moving average of $18.28. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24. The stock has a market capitalization of $238.99 million, a PE ratio of -20.21 and a beta of 2.33.

OneWater Marine (NASDAQ:ONEW - Get Free Report) last announced its quarterly earnings data on Thursday, January 30th. The company reported ($0.54) earnings per share 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%. Research analysts forecast that OneWater Marine Inc. will post 1.57 EPS for the current fiscal year.

OneWater Marine 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.