Nuveen LLC Takes $529,000 Position in OneWater Marine Inc. $ONEW

Nuveen LLC purchased a new stake in OneWater Marine Inc. (NASDAQ:ONEW) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 32,676 shares of the company’s stock, valued at approximately $529,000. Nuveen LLC owned 0.20% of OneWater Marine as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Royce & Associates LP grew its holdings in shares of OneWater Marine by 7.9% in the 1st quarter. Royce & Associates LP now owns 2,000,586 shares of the company’s stock valued at $32,369,000 after buying an additional 146,798 shares during the period. Private Management Group Inc. grew its holdings in shares of OneWater Marine by 10.0% in the 1st quarter. Private Management Group Inc. now owns 583,007 shares of the company’s stock valued at $9,433,000 after buying an additional 53,019 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of OneWater Marine by 0.8% in 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 period. Northern Trust Corp grew its holdings in shares of OneWater Marine by 9.4% in 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 period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of OneWater Marine by 112.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 88,710 shares of the company’s stock valued at $1,435,000 after buying an additional 46,920 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.

Insider Activity at OneWater Marine

In other news, Director John Troiano sold 15,041 shares of the stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $17.35, for a total transaction of $260,961.35. Following the completion of the transaction, the director directly owned 52,226 shares in the company, valued at $906,121.10. This represents a 22.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 20.30% of the stock is currently owned by corporate insiders.

OneWater Marine Stock Up 2.3%

OneWater Marine stock opened at $16.31 on Friday. The company has a fifty day simple moving average of $15.59 and a 200 day simple moving average of $15.26. OneWater Marine Inc. has a 1-year low of $11.58 and a 1-year high of $26.77. The company has a current ratio of 1.23, a quick ratio of 0.37 and a debt-to-equity ratio of 0.97. The company has a market cap of $266.99 million, a P/E ratio of -20.14 and a beta of 1.99.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.79 EPS for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.33). OneWater Marine had a positive return on equity of 0.45% and a negative net margin of 0.61%.The business had revenue of $552.86 million for the quarter, compared to analyst estimates of $532.01 million. OneWater Marine has set its FY 2025 guidance at 0.500-0.750 EPS. Research analysts anticipate that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ONEW shares. KeyCorp boosted their price target on shares of OneWater Marine from $16.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, August 1st. Zacks Research lowered shares of OneWater Marine from a “hold” rating to a “strong sell” rating in a research note on Monday, August 25th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, OneWater Marine currently has a consensus rating of “Hold” and a consensus target price of $19.60.

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.