Ameriprise Financial Inc. Grows Stock Position in OneWater Marine Inc. (NASDAQ:ONEW)

Ameriprise Financial Inc. boosted its stake in OneWater Marine Inc. (NASDAQ:ONEW) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,352 shares of the company’s stock after acquiring an additional 6,563 shares during the quarter. Ameriprise Financial Inc. owned about 0.33% of OneWater Marine worth $945,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Jane Street Group LLC boosted its stake in shares of OneWater Marine by 2,322.1% during the 4th quarter. Jane Street Group LLC now owns 40,158 shares of the company’s stock valued at $698,000 after buying an additional 38,500 shares during the last quarter. Northern Trust Corp boosted its stake in shares of OneWater Marine by 9.4% during the 4th quarter. Northern Trust Corp now owns 106,081 shares of the company’s stock valued at $1,844,000 after buying an additional 9,097 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of OneWater Marine by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 470,987 shares of the company’s stock valued at $8,186,000 after buying an additional 3,508 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of OneWater Marine by 164.8% during the 4th quarter. Marshall Wace LLP now owns 53,241 shares of the company’s stock valued at $925,000 after buying an additional 33,137 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of OneWater Marine during the 4th quarter valued at approximately $333,000. Hedge funds and other institutional investors own 94.32% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Philip Austin Jr. Singleton bought 15,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $15.40 per share, with a total value of $231,000.00. Following the completion of the transaction, the chief executive officer now directly owns 682,368 shares of the company’s stock, valued at approximately $10,508,467.20. This represents a 2.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director J Steven Roy bought 5,001 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was bought at an average cost of $12.22 per share, for a total transaction of $61,112.22. Following the completion of the transaction, the director now directly owns 25,761 shares of the company’s stock, valued at $314,799.42. This trade represents a 24.09% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 20,549 shares of company stock valued at $299,510 over the last three months. Company insiders own 20.30% of the company’s stock.

OneWater Marine Stock Performance

Shares of ONEW opened at $14.88 on Monday. The business’s fifty day moving average price is $14.31 and its 200 day moving average price is $16.82. OneWater Marine Inc. has a 12-month low of $11.58 and a 12-month high of $31.36. The stock has a market capitalization of $242.74 million, a PE ratio of -20.67 and a beta of 2.15. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 0.25.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $483.52 million for the quarter, compared to the consensus estimate of $498.73 million. Equities research analysts forecast that OneWater Marine Inc. will post 1.57 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Truist Financial reduced their target price on OneWater Marine from $25.00 to $16.00 and set a “buy” rating for the company in a research note on Monday, April 14th. KeyCorp reduced their target price on OneWater Marine from $22.00 to $16.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Baird R W cut OneWater Marine from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, Robert W. Baird reduced their target price on OneWater Marine from $18.00 to $17.00 and set a “neutral” rating for the company in a research note on Friday, May 2nd. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, OneWater Marine presently has a consensus rating of “Hold” and a consensus price target of $19.40.

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.