OneWater Marine’s (ONEW) Hold Rating Reaffirmed at Benchmark

OneWater Marine (NASDAQ:ONEW)‘s stock had its “hold” rating restated by analysts at Benchmark in a research report issued on Friday,Benzinga reports.

Separately, KeyCorp reduced their price target on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $30.00.

OneWater Marine Stock Performance

NASDAQ:ONEW opened at $20.00 on Friday. The company has a quick ratio of 0.35, a current ratio of 1.29 and a debt-to-equity ratio of 1.04. The firm’s fifty day simple moving average is $22.67 and its 200 day simple moving average is $24.59. The stock has a market cap of $321.20 million, a P/E ratio of -3.00 and a beta of 2.58. OneWater Marine has a twelve month low of $19.66 and a twelve month high of $35.86.

Insiders Place Their Bets

In related news, CEO Philip Austin Jr. Singleton purchased 6,700 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were purchased at an average cost of $22.39 per share, with a total value of $150,013.00. Following the transaction, the chief executive officer now directly owns 620,217 shares in the company, valued at $13,886,658.63. This trade represents a 1.09 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Anthony M. Aisquith acquired 5,000 shares of OneWater Marine stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average cost of $21.75 per share, with a total value of $108,750.00. Following the transaction, the chief operating officer now owns 724,316 shares in the company, valued at $15,753,873. This represents a 0.70 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 20,034 shares of company stock worth $441,828. 18.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On OneWater Marine

Several hedge funds have recently added to or reduced their stakes in the stock. Bfsg LLC raised its position in shares of OneWater Marine by 12.2% in the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock worth $124,000 after purchasing an additional 565 shares during the last quarter. Rhumbline Advisers raised its holdings in OneWater Marine by 5.4% in the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock worth $531,000 after buying an additional 994 shares during the last quarter. State Street Corp lifted its stake in shares of OneWater Marine by 0.5% in the third quarter. State Street Corp now owns 226,038 shares of the company’s stock worth $5,405,000 after buying an additional 1,131 shares in the last quarter. Sei Investments Co. lifted its stake in shares of OneWater Marine by 1.1% in the second quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock worth $5,243,000 after buying an additional 2,124 shares in the last quarter. Finally, FMR LLC grew its holdings in shares of OneWater Marine by 332.5% during the third quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after buying an additional 3,312 shares during the last quarter. 94.32% of the stock is owned by 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.