OneWater Marine Inc. (NASDAQ:ONEW) Shares Bought by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC increased its holdings in OneWater Marine Inc. (NASDAQ:ONEW) by 26.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,612 shares of the company’s stock after acquiring an additional 4,483 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.14% of OneWater Marine worth $604,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ONEW. Charles Schwab Investment Management Inc. boosted its stake in shares of OneWater Marine by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 29,582 shares of the company’s stock valued at $846,000 after buying an additional 484 shares during the last quarter. Capital Impact Advisors LLC boosted its stake in OneWater Marine by 3.7% during the 4th quarter. Capital Impact Advisors LLC now owns 18,555 shares of the company’s stock valued at $531,000 after acquiring an additional 663 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in OneWater Marine by 1.1% during the 1st quarter. Bank of New York Mellon Corp now owns 69,089 shares of the company’s stock worth $2,379,000 after acquiring an additional 718 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of OneWater Marine in the 1st quarter worth about $25,000. Finally, Nuveen Asset Management LLC raised its stake in shares of OneWater Marine by 2.0% in the 3rd quarter. Nuveen Asset Management LLC now owns 37,721 shares of the company’s stock valued at $1,135,000 after purchasing an additional 749 shares in the last quarter. Hedge funds and other institutional investors own 63.98% of the company’s stock.

OneWater Marine Trading Down 2.6 %

NASDAQ:ONEW opened at $25.44 on Tuesday. The stock’s 50-day moving average is $30.31 and its two-hundred day moving average is $29.47. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.26 and a quick ratio of 0.37. The stock has a market cap of $401.70 million, a PE ratio of 4.71 and a beta of 2.55. OneWater Marine Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $39.15.

OneWater Marine (NASDAQ:ONEW) last issued its earnings results on Thursday, August 3rd. The company reported $1.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.38 by ($1.43). OneWater Marine had a net margin of 4.19% and a return on equity of 16.52%. The company had revenue of $594.34 million for the quarter, compared to analyst estimates of $632.55 million. As a group, equities research analysts forecast that OneWater Marine Inc. will post 4.58 earnings per share for the current fiscal year.

Insider Transactions at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton acquired 4,633 shares of the company’s stock in a transaction that occurred on Thursday, August 17th. The shares were purchased at an average price of $26.92 per share, for a total transaction of $124,720.36. Following the completion of the acquisition, the chief executive officer now owns 577,805 shares of the company’s stock, valued at approximately $15,554,510.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other OneWater Marine news, CEO Philip Austin Jr. Singleton bought 4,633 shares of the stock in a transaction on Thursday, August 17th. The shares were purchased at an average cost of $26.92 per share, with a total value of $124,720.36. Following the completion of the transaction, the chief executive officer now directly owns 577,805 shares of the company’s stock, valued at approximately $15,554,510.60. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John Schraudenbach purchased 3,624 shares of OneWater Marine stock in a transaction on Monday, August 14th. The stock was bought at an average cost of $27.56 per share, with a total value of $99,877.44. Following the transaction, the director now directly owns 24,352 shares of the company’s stock, valued at $671,141.12. The disclosure for this purchase can be found here. Insiders bought 10,902 shares of company stock valued at $292,372 in the last three months. Corporate insiders own 20.40% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on ONEW. Robert W. Baird reduced their target price on OneWater Marine from $42.00 to $32.00 and set an “outperform” rating on the stock in a report on Friday, August 4th. KeyCorp lowered their target price on shares of OneWater Marine from $42.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, August 4th. Truist Financial reduced their price target on shares of OneWater Marine from $42.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, August 4th. Finally, Raymond James downgraded shares of OneWater Marine from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 18th. Two 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, the company currently has an average rating of “Moderate Buy” and an average price target of $35.00.

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 also 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, as well as rental of boats and personal watercraft.