OneWater Marine Inc. (NASDAQ:ONEW) Receives Consensus Recommendation of “Hold” from Analysts

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have been given a consensus rating of “Hold” by the six analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $17.00.

Several analysts recently commented on ONEW shares. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research note on Friday, November 14th. KeyCorp reduced their target price on shares of OneWater Marine from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Friday, November 14th. Zacks Research upgraded shares of OneWater Marine from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of OneWater Marine in a report on Thursday, January 22nd.

OneWater Marine Stock Performance

Shares of NASDAQ ONEW opened at $12.16 on Monday. The business’s 50-day simple moving average is $12.40 and its 200-day simple moving average is $14.07. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.26 and a current ratio of 1.13. OneWater Marine has a 52 week low of $10.14 and a 52 week high of $19.27. The firm has a market cap of $201.98 million, a price-to-earnings ratio of -1.80 and a beta of 1.67.

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

Insider Buying and Selling at OneWater Marine

In other news, Chairman Philip Austin Jr. Singleton purchased 18,008 shares of the firm’s stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average price of $12.52 per share, for a total transaction of $225,460.16. Following the completion of the acquisition, the chairman directly owned 779,776 shares in the company, valued at approximately $9,762,795.52. The trade was a 2.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 19.50% of the stock is currently owned by corporate insiders.

Institutional Trading of OneWater Marine

Hedge funds have recently modified their holdings of the company. American Century Companies Inc. lifted its stake in OneWater Marine by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 1,969,542 shares of the company’s stock valued at $26,372,000 after purchasing an additional 261,545 shares during the last quarter. Marshall Wace LLP grew its stake in shares of OneWater Marine by 169.9% during the fourth quarter. Marshall Wace LLP now owns 246,049 shares of the company’s stock worth $2,662,000 after buying an additional 154,876 shares during the last quarter. Jane Street Group LLC increased its holdings in shares of OneWater Marine by 126.6% during the second 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 in the last quarter. Divisadero Street Capital Management LP bought a new position in shares of OneWater Marine in the 3rd quarter valued at $1,711,000. Finally, First Eagle Investment Management LLC lifted its stake in shares of OneWater Marine by 66.2% in the 2nd quarter. First Eagle Investment Management LLC now owns 251,048 shares of the company’s stock valued at $3,362,000 after acquiring an additional 99,964 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.

About OneWater Marine

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.