OneWater Marine (NASDAQ:ONEW) Earns “Hold” Rating from Benchmark

OneWater Marine (NASDAQ:ONEW)‘s stock had its “hold” rating reaffirmed by stock analysts at Benchmark in a note issued to investors on Friday,Benzinga reports.

Separately, KeyCorp lowered their price target on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, OneWater Marine has an average rating of “Moderate Buy” and an average price target of $30.00.

OneWater Marine Stock Performance

Shares of ONEW opened at $20.00 on Friday. OneWater Marine has a 52-week low of $19.66 and a 52-week high of $35.86. The stock’s 50-day simple moving average is $22.67 and its 200 day simple moving average is $24.59. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29. The stock has a market capitalization of $321.20 million, a price-to-earnings ratio of -3.00 and a beta of 2.58.

Insiders Place Their Bets

In other news, CEO Philip Austin Jr. Singleton purchased 6,700 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was purchased at an average price of $22.39 per share, with a total value of $150,013.00. Following the completion of the purchase, the chief executive officer now directly owns 620,217 shares in the company, valued at approximately $13,886,658.63. This trade represents a 1.09 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Anthony M. Aisquith acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average price of $21.25 per share, with a total value of $106,250.00. Following the completion of the acquisition, the chief operating officer now directly owns 729,316 shares in the company, valued at approximately $15,497,965. This represents a 0.69 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 20,034 shares of company stock worth $441,828 in the last ninety days. 18.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OneWater Marine

Several institutional investors and hedge funds have recently made changes to their positions in ONEW. FMR LLC boosted its position in OneWater Marine by 332.5% during the third quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after buying an additional 3,312 shares during the period. SG Americas Securities LLC purchased a new stake in OneWater Marine during the 3rd quarter valued at about $119,000. Bfsg LLC increased its stake in OneWater Marine by 12.2% in the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock worth $124,000 after purchasing an additional 565 shares during the period. SageView Advisory Group LLC purchased a new position in OneWater Marine in the 1st quarter worth approximately $322,000. Finally, Barclays PLC lifted its position in OneWater Marine by 267.9% in the third quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after purchasing an additional 11,416 shares during the last quarter. Institutional investors own 94.32% of the company’s stock.

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.