KeyCorp Cuts OneWater Marine (NASDAQ:ONEW) Price Target to $27.00

OneWater Marine (NASDAQ:ONEW) had its price target lowered by investment analysts at KeyCorp from $29.00 to $27.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price target would suggest a potential upside of 35.00% from the company’s current price.

Separately, Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, OneWater Marine presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

OneWater Marine Trading Down 5.8 %

ONEW opened at $20.00 on Friday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29. OneWater Marine has a one year low of $19.66 and a one year high of $35.86. The company has a market cap of $321.20 million, a P/E ratio of -50.00 and a beta of 2.58. The business’s 50-day simple moving average is $22.67 and its 200-day simple moving average is $24.59.

Insiders Place Their Bets

In other OneWater Marine news, COO Anthony M. Aisquith acquired 5,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were bought at an average cost of $21.25 per share, with a total value of $106,250.00. Following the transaction, the chief operating officer now owns 729,316 shares of the company’s stock, valued at approximately $15,497,965. This trade represents a 0.69 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Philip Austin Jr. Singleton bought 6,700 shares of OneWater Marine stock in a transaction dated Thursday, September 5th. The stock was acquired at an average cost of $22.39 per share, with a total value of $150,013.00. Following the completion of the acquisition, the chief executive officer now directly owns 620,217 shares of the company’s stock, valued at approximately $13,886,658.63. The trade was a 1.09 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 20,034 shares of company stock valued at $441,828 over the last quarter. Company insiders own 18.70% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. FMR LLC raised its stake in shares of OneWater Marine by 332.5% during the third quarter. FMR LLC now owns 4,308 shares of the company’s stock worth $103,000 after purchasing an additional 3,312 shares during the last quarter. SG Americas Securities LLC acquired a new position in OneWater Marine in the 3rd quarter valued at $119,000. Bfsg LLC raised its position in OneWater Marine by 12.2% during the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock worth $124,000 after buying an additional 565 shares during the last quarter. SageView Advisory Group LLC acquired a new stake in shares of OneWater Marine in the 1st quarter worth $322,000. Finally, Barclays PLC boosted its holdings in shares of OneWater Marine by 267.9% in the third quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after acquiring an additional 11,416 shares in the last quarter. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

OneWater Marine Company 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.