OneWater Marine Inc. (NASDAQ:ONEW) Holdings Lowered by Deutsche Bank AG

Deutsche Bank AG reduced its holdings in OneWater Marine Inc. (NASDAQ:ONEW) by 58.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,083 shares of the company’s stock after selling 8,443 shares during the quarter. Deutsche Bank AG’s holdings in OneWater Marine were worth $106,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Rhumbline Advisers grew its position in OneWater Marine by 3.6% during the fourth quarter. Rhumbline Advisers now owns 19,420 shares of the company’s stock valued at $338,000 after purchasing an additional 683 shares in the last quarter. Raymond James Financial Inc. acquired a new position in OneWater Marine during the 4th quarter valued at $199,000. AlphaQuest LLC acquired a new position in OneWater Marine during the 4th quarter valued at $158,000. First Eagle Investment Management LLC acquired a new position in shares of OneWater Marine in the 4th quarter valued at $588,000. Finally, Royce & Associates LP raised its stake in shares of OneWater Marine by 13.2% in the 4th quarter. Royce & Associates LP now owns 1,853,788 shares of the company’s stock valued at $32,219,000 after buying an additional 216,410 shares in the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

Insider Buying and Selling at OneWater Marine

In other OneWater Marine news, Director J Steven Roy acquired 5,001 shares of the company’s stock in a transaction on Wednesday, May 7th. The stock was acquired at an average price of $12.22 per share, for a total transaction of $61,112.22. Following the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 20.30% of the company’s stock.

OneWater Marine Price Performance

NASDAQ:ONEW opened at $15.00 on Wednesday. OneWater Marine Inc. has a 1-year low of $11.58 and a 1-year 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 firm has a fifty day simple moving average of $14.19 and a 200 day simple moving average of $16.76. The stock has a market capitalization of $244.70 million, a PE ratio of -20.83 and a beta of 2.15.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.12). OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.09%. The company had revenue of $483.52 million during the quarter, compared to analyst estimates of $498.73 million. On average, research analysts expect that OneWater Marine Inc. will post 1.57 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Robert W. Baird dropped their target price 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. KeyCorp reduced their price objective on shares of OneWater Marine from $22.00 to $16.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Baird R W lowered shares of OneWater Marine from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, Truist Financial dropped their target price on shares of OneWater Marine from $25.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $19.40.

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.