Jane Street Group LLC Boosts Position in OneWater Marine Inc. (NASDAQ:ONEW)

Jane Street Group LLC raised its position in OneWater Marine Inc. (NASDAQ:ONEW) by 2,322.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,158 shares of the company’s stock after acquiring an additional 38,500 shares during the quarter. Jane Street Group LLC owned 0.25% of OneWater Marine worth $698,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in OneWater Marine by 27.0% in the fourth quarter. Wells Fargo & Company MN now owns 7,194 shares of the company’s stock valued at $125,000 after acquiring an additional 1,529 shares in the last quarter. AlphaQuest LLC acquired a new stake in OneWater Marine in the fourth quarter valued at approximately $158,000. Raymond James Financial Inc. acquired a new stake in OneWater Marine in the fourth quarter valued at approximately $199,000. EntryPoint Capital LLC acquired a new stake in OneWater Marine in the fourth quarter valued at approximately $218,000. Finally, Barclays PLC grew its position in OneWater Marine by 14.6% in the fourth quarter. Barclays PLC now owns 17,971 shares of the company’s stock valued at $313,000 after acquiring an additional 2,294 shares in the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

Wall Street Analyst Weigh In

ONEW has been the subject of several recent research reports. Baird R W downgraded shares of OneWater Marine from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. KeyCorp lowered their price objective on shares of OneWater Marine from $22.00 to $16.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Robert W. Baird lowered their price objective on shares of OneWater Marine from $18.00 to $17.00 and set a “neutral” rating for the company in a research report on Friday, May 2nd. Finally, Truist Financial decreased their price target on shares of OneWater Marine from $25.00 to $16.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, OneWater Marine currently has an average rating of “Hold” and a consensus price target of $19.40.

OneWater Marine Stock Down 1.4%

ONEW stock opened at $13.82 on Monday. OneWater Marine Inc. has a twelve month low of $11.58 and a twelve month high of $31.36. The company has a current ratio of 1.24, a quick ratio of 0.25 and a debt-to-equity ratio of 1.08. The company has a market capitalization of $225.45 million, a P/E ratio of -19.19 and a beta of 2.15. The firm has a 50 day simple moving average of $14.60 and a 200-day simple moving average of $17.14.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings results 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). OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. The company had revenue of $483.52 million for the quarter, compared to analyst estimates of $498.73 million. On average, equities research analysts predict that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other OneWater Marine news, Director J Steven Roy acquired 5,001 shares of the firm’s stock in a transaction on Wednesday, May 7th. The stock was purchased at an average price of $12.22 per share, with a total value of $61,112.22. Following the completion of the acquisition, the director now directly owns 25,761 shares in the company, valued at $314,799.42. This trade represents a 24.09% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average cost of $15.40 per share, with a total value of $231,000.00. Following the acquisition, the chief executive officer now owns 682,368 shares of the company’s stock, valued at $10,508,467.20. This trade represents a 2.25% increase in their ownership of the stock. The disclosure for this purchase can be found here. 20.30% of the stock is currently owned by corporate insiders.

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.