OneWater Marine (NASDAQ:ONEW) Given New $31.00 Price Target at Stifel Nicolaus

OneWater Marine (NASDAQ:ONEW) had its target price decreased by research analysts at Stifel Nicolaus from $34.00 to $31.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 49.61% from the stock’s previous close.

Several other brokerages also recently commented on ONEW. KeyCorp cut their price target on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Friday. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a report on Friday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $30.00.

OneWater Marine Stock Performance

OneWater Marine stock traded down $0.51 during mid-day trading on Friday, reaching $20.72. The company’s stock had a trading volume of 56,821 shares, compared to its average volume of 88,323. OneWater Marine has a 12-month low of $20.00 and a 12-month high of $35.86. The company has a market capitalization of $332.76 million, a P/E ratio of -3.11 and a beta of 2.58. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29. The firm’s fifty day moving average price is $22.71 and its two-hundred day moving average price is $24.58.

Insiders Place Their Bets

In other news, CEO Philip Austin Jr. Singleton acquired 6,700 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were purchased at an average price of $22.39 per share, for a total transaction of $150,013.00. Following the completion of the transaction, the chief executive officer now owns 620,217 shares of the company’s stock, valued at $13,886,658.63. The trade was a 1.09 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Anthony M. Aisquith acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was purchased at an average price of $21.25 per share, for a total transaction of $106,250.00. Following the transaction, the chief operating officer now directly 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 disclosure for this purchase can be found here. Insiders acquired 20,034 shares of company stock valued at $441,828 over the last three months. Insiders own 18.70% of the company’s stock.

Hedge Funds Weigh In On OneWater Marine

A number of hedge funds have recently modified their holdings of ONEW. FMR LLC increased its position in shares of OneWater Marine by 332.5% in the third quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after acquiring an additional 3,312 shares during the period. SG Americas Securities LLC purchased a new position in shares of OneWater Marine during the third quarter valued at about $119,000. Bfsg LLC increased its position in shares of OneWater Marine by 12.2% during the third quarter. Bfsg LLC now owns 5,186 shares of the company’s stock valued at $124,000 after buying an additional 565 shares during the period. SageView Advisory Group LLC purchased a new position in shares of OneWater Marine during the first quarter valued at about $322,000. Finally, Rhumbline Advisers increased its position in shares of OneWater Marine by 5.4% during the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after buying an additional 994 shares during the period. Hedge funds and other institutional investors own 94.32% of the company’s stock.

About OneWater Marine

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.