American Century Companies Inc. Purchases 71,026 Shares of OneWater Marine Inc. $ONEW

American Century Companies Inc. raised its holdings in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,040,568 shares of the company’s stock after purchasing an additional 71,026 shares during the period. American Century Companies Inc. owned approximately 12.47% of OneWater Marine worth $32,323,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. JPMorgan Chase & Co. boosted its position in shares of OneWater Marine by 50.0% during the third quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock valued at $129,000 after buying an additional 2,710 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in OneWater Marine in the 2nd quarter worth about $222,000. Raymond James Financial Inc. lifted its stake in 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 during the period. AQR Capital Management LLC bought a new position in OneWater Marine during the first quarter valued at approximately $345,000. Finally, Jane Street Group LLC boosted its stake in shares of OneWater Marine by 126.6% in the 2nd quarter. Jane Street Group LLC now owns 25,831 shares of the company’s stock worth $346,000 after buying an additional 122,976 shares during the last quarter. Institutional investors own 94.32% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. KeyCorp dropped their price objective on shares of OneWater Marine from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of OneWater Marine in a report on Thursday, January 22nd. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research report on Friday, November 14th. Finally, Zacks Research raised OneWater Marine from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Two research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.00.

OneWater Marine Trading Down 6.0%

Shares of ONEW stock opened at $9.86 on Friday. The company has a market cap of $163.77 million, a PE ratio of -1.46 and a beta of 1.68. OneWater Marine Inc. has a 1 year low of $9.79 and a 1 year high of $18.15. The stock’s 50 day simple moving average is $12.53 and its two-hundred day simple moving average is $13.72. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.13 and a quick ratio of 0.26.

OneWater Marine (NASDAQ:ONEW) last announced its earnings results on Thursday, January 29th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.39) by $0.35. OneWater Marine had a positive return on equity of 4.32% and a negative net margin of 5.88%.The firm had revenue of $380.56 million during the quarter, compared to analysts’ expectations of $380.32 million. Research analysts predict that OneWater Marine Inc. will post 1.57 earnings per share for the current year.

Insider Buying and Selling

In other news, Chairman Philip Austin Jr. Singleton acquired 18,008 shares of the company’s stock in a transaction on Thursday, February 12th. The stock was bought at an average cost of $12.52 per share, with a total value of $225,460.16. Following the completion of the purchase, the chairman directly owned 779,776 shares of the company’s stock, valued at $9,762,795.52. This represents a 2.36% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 19.50% of the stock is owned by insiders.

OneWater Marine Company Profile

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.