General Equity Holdings LP Purchases 71,435 Shares of OneWater Marine Inc. $ONEW

General Equity Holdings LP lifted its position in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 17.9% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 470,246 shares of the company’s stock after purchasing an additional 71,435 shares during the quarter. OneWater Marine comprises approximately 4.8% of General Equity Holdings LP’s holdings, making the stock its 4th largest holding. General Equity Holdings LP owned approximately 2.87% of OneWater Marine worth $6,297,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. AlphaQuest LLC lifted its position in OneWater Marine by 20.8% during the second quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock valued at $108,000 after buying an additional 1,392 shares in the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of OneWater Marine in the 2nd quarter valued at $222,000. Alpha Wealth Funds LLC purchased a new position in shares of OneWater Marine in the 2nd quarter valued at $266,000. Raymond James Financial Inc. lifted its holdings in shares of OneWater Marine by 94.7% during the 2nd quarter. Raymond James Financial Inc. now owns 20,948 shares of the company’s stock valued at $280,000 after acquiring an additional 10,189 shares in the last quarter. Finally, AQR Capital Management LLC purchased a new stake in OneWater Marine during the 1st quarter worth $345,000. Institutional investors and hedge funds own 94.32% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on ONEW shares. Zacks Research lowered OneWater Marine from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 28th. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research note on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of OneWater Marine in a research report on Wednesday, October 8th. KeyCorp decreased their price target on OneWater Marine from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Friday, November 14th. Finally, Truist Financial lifted their price objective on shares of OneWater Marine from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.00.

OneWater Marine Price Performance

ONEW stock opened at $11.54 on Friday. The stock’s 50 day moving average is $13.83 and its two-hundred day moving average is $14.86. OneWater Marine Inc. has a 52-week low of $10.32 and a 52-week high of $21.40. The company has a market capitalization of $188.91 million, a PE ratio of -1.63 and a beta of 1.63. The company has a quick ratio of 0.37, a current ratio of 1.23 and a debt-to-equity ratio of 0.97.

Insider Activity

In related news, CEO Philip Austin Jr. Singleton purchased 3,654 shares of the business’s stock in a transaction that occurred on Friday, September 19th. The shares were purchased at an average cost of $15.37 per share, with a total value of $56,161.98. Following the completion of the acquisition, the chief executive officer directly owned 712,244 shares of the company’s stock, valued at approximately $10,947,190.28. The trade was a 0.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 20.30% of the company’s stock.

OneWater Marine 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.