Barclays PLC Boosts Holdings in OneWater Marine Inc. (NASDAQ:ONEW)

Barclays PLC increased its position in OneWater Marine Inc. (NASDAQ:ONEW) by 14.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,971 shares of the company’s stock after purchasing an additional 2,294 shares during the period. Barclays PLC’s holdings in OneWater Marine were worth $313,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Rhumbline Advisers boosted its stake in OneWater Marine by 3.6% during the 4th quarter. Rhumbline Advisers now owns 19,420 shares of the company’s stock valued at $338,000 after purchasing an additional 683 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of OneWater Marine during the fourth quarter valued at $199,000. AlphaQuest LLC bought a new position in shares of OneWater Marine during the fourth quarter valued at $158,000. First Eagle Investment Management LLC purchased a new stake in shares of OneWater Marine during the fourth quarter valued at $588,000. Finally, Royce & Associates LP increased its holdings in OneWater Marine by 13.2% in the 4th quarter. Royce & Associates LP now owns 1,853,788 shares of the company’s stock worth $32,219,000 after buying an additional 216,410 shares in the last quarter. 94.32% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Truist Financial lowered their target price on shares of OneWater Marine from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Robert W. Baird lowered their price objective on shares of OneWater Marine from $18.00 to $17.00 and set a “neutral” rating on the stock in a research report on Friday, May 2nd. KeyCorp dropped their target price on shares of OneWater Marine from $22.00 to $16.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Stifel Nicolaus decreased their target price on shares of OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, Baird R W downgraded OneWater Marine from a “strong-buy” rating to a “hold” rating in a research note 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. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $19.40.

Insider Activity

In other news, CEO Philip Austin Jr. Singleton bought 15,000 shares of OneWater Marine stock in a transaction that occurred on Tuesday, March 4th. The stock was bought at an average cost of $15.40 per share, with a total value of $231,000.00. Following the acquisition, the chief executive officer now owns 682,368 shares of the company’s stock, valued at $10,508,467.20. The trade was a 2.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director J Steven Roy bought 5,001 shares of OneWater Marine stock in a transaction that occurred on Wednesday, May 7th. The stock was purchased at an average cost of $12.22 per share, with a total value of $61,112.22. Following the completion of the acquisition, the director now directly owns 25,761 shares in the company, valued at $314,799.42. This represents a 24.09% increase in their position. The disclosure for this purchase can be found here. Insiders own 20.30% of the company’s stock.

OneWater Marine Price Performance

NASDAQ ONEW opened at $13.88 on Monday. OneWater Marine Inc. has a 52 week low of $11.58 and a 52 week high of $31.36. The firm has a market capitalization of $226.42 million, a P/E ratio of -19.28 and a beta of 2.15. The company has a quick ratio of 0.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. The company has a 50-day moving average price of $14.92 and a 200-day moving average price of $17.71.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.25 by ($0.12). OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.09%. The business had revenue of $483.52 million for the quarter, compared to analysts’ expectations of $498.73 million. Equities research analysts anticipate that OneWater Marine Inc. will post 1.57 earnings per share for the current year.

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.