Geode Capital Management LLC Purchases 2,454 Shares of OneWater Marine Inc. (NASDAQ:ONEW)

Geode Capital Management LLC lifted its position in OneWater Marine Inc. (NASDAQ:ONEW) by 0.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 296,285 shares of the company’s stock after buying an additional 2,454 shares during the period. Geode Capital Management LLC’s holdings in OneWater Marine were worth $5,150,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. AlphaQuest LLC purchased a new position in OneWater Marine in the fourth quarter worth about $158,000. Raymond James Financial Inc. bought a new position in shares of OneWater Marine in the 4th quarter worth approximately $199,000. EntryPoint Capital LLC bought a new position in shares of OneWater Marine in the 4th quarter worth approximately $218,000. Rhumbline Advisers boosted its holdings in shares of OneWater Marine by 3.6% in the fourth quarter. Rhumbline Advisers now owns 19,420 shares of the company’s stock worth $338,000 after buying an additional 683 shares during the last quarter. Finally, Barclays PLC grew its position in OneWater Marine by 267.9% during the third quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after buying an additional 11,416 shares during the period. Institutional investors own 94.32% of the company’s stock.

Insider Buying and Selling at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton purchased 15,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were acquired at an average price 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 in the company, valued at $10,508,467.20. This trade represents a 2.25 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 20.30% of the company’s stock.

OneWater Marine Trading Up 3.7 %

Shares of OneWater Marine stock opened at $14.93 on Friday. OneWater Marine Inc. has a fifty-two week low of $12.02 and a fifty-two week high of $31.36. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24. The company has a market capitalization of $243.55 million, a P/E ratio of -20.74 and a beta of 2.33. The company has a fifty day moving average of $15.70 and a 200 day moving average of $18.36.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings data on Thursday, January 30th. The company reported ($0.54) earnings per share for the quarter, topping 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, sell-side analysts anticipate that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ONEW. KeyCorp decreased their price target on shares of OneWater Marine from $22.00 to $16.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th. Truist Financial decreased their target price on OneWater Marine from $25.00 to $16.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Robert W. Baird reissued a “neutral” rating and set a $18.00 price target (down previously from $25.00) on shares of OneWater Marine in a report on Friday, April 4th. Stifel Nicolaus reduced their price target on OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. Finally, Baird R W cut OneWater Marine from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, OneWater Marine presently has an average rating of “Hold” and a consensus target price of $19.60.

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.