Rhumbline Advisers Buys 683 Shares of OneWater Marine Inc. (NASDAQ:ONEW)

Rhumbline Advisers grew its stake in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 3.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 19,420 shares of the company’s stock after acquiring an additional 683 shares during the period. Rhumbline Advisers’ holdings in OneWater Marine were worth $338,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. FMR LLC boosted its stake in OneWater Marine by 332.5% in the 3rd quarter. FMR LLC now owns 4,308 shares of the company’s stock worth $103,000 after purchasing an additional 3,312 shares in the last quarter. Barclays PLC raised its holdings in OneWater Marine by 267.9% in the third quarter. Barclays PLC now owns 15,677 shares of the company’s stock worth $375,000 after buying an additional 11,416 shares during the last quarter. De Lisle Partners LLP lifted its stake in shares of OneWater Marine by 7.4% in the third quarter. De Lisle Partners LLP now owns 58,043 shares of the company’s stock worth $1,390,000 after buying an additional 4,000 shares in the last quarter. State Street Corp grew its holdings in shares of OneWater Marine by 0.5% during the third quarter. State Street Corp now owns 226,038 shares of the company’s stock valued at $5,405,000 after buying an additional 1,131 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of OneWater Marine by 11.4% during the third quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock valued at $7,028,000 after acquiring an additional 29,952 shares in the last quarter. 94.32% of the stock is currently owned by institutional investors.

OneWater Marine Price Performance

NASDAQ ONEW opened at $17.03 on Monday. The stock has a market capitalization of $277.81 million, a price-to-earnings ratio of -23.65 and a beta of 2.59. OneWater Marine Inc. has a 1-year low of $14.13 and a 1-year high of $31.36. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 0.25. The business’s fifty day moving average price is $17.20 and its 200-day moving average price is $20.30.

OneWater Marine (NASDAQ:ONEW) last posted its earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.84) by $0.30. OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. On average, equities analysts predict that OneWater Marine Inc. will post 1.57 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. DA Davidson lowered their price objective on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. KeyCorp decreased their price target on OneWater Marine from $27.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus dropped their price objective on OneWater Marine from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Truist Financial reduced their price objective on OneWater Marine from $30.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Finally, Benchmark restated a “hold” rating on shares of OneWater Marine in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $23.75.

Insider Transactions at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of OneWater Marine stock in a transaction dated Tuesday, March 4th. The stock was purchased at an average cost of $15.40 per share, for a total transaction of $231,000.00. Following the purchase, the chief executive officer now directly owns 682,368 shares of the company’s stock, valued at approximately $10,508,467.20. This trade represents a 2.25 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 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.