OneWater Marine (NASDAQ:ONEW) Price Target Cut to $27.00 by Analysts at KeyCorp

OneWater Marine (NASDAQ:ONEW) had its target price reduced by KeyCorp from $29.00 to $27.00 in a report issued on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Separately, Benchmark reissued a “hold” rating on shares of OneWater Marine in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $30.00.

OneWater Marine Trading Down 5.8 %

NASDAQ:ONEW traded down $1.23 during midday trading on Friday, hitting $20.00. The stock had a trading volume of 229,934 shares, compared to its average volume of 89,102. The stock has a 50-day moving average of $22.67 and a 200 day moving average of $24.56. The company has a market capitalization of $321.20 million, a price-to-earnings ratio of -3.00 and a beta of 2.58. OneWater Marine has a one year low of $19.66 and a one year high of $35.86. The company has a quick ratio of 0.35, a current ratio of 1.29 and a debt-to-equity ratio of 1.04.

Insiders Place Their Bets

In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 3,334 shares of the company’s stock in a transaction dated Thursday, August 22nd. The shares were acquired at an average price of $23.04 per share, for a total transaction of $76,815.36. Following the completion of the purchase, the chief executive officer now owns 613,517 shares of the company’s stock, valued at approximately $14,135,431.68. The trade was a 0.55 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Anthony M. Aisquith acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were bought at an average cost of $21.25 per share, for a total transaction of $106,250.00. Following the completion of the acquisition, the chief operating officer now directly owns 729,316 shares of the company’s stock, valued at approximately $15,497,965. The trade was a 0.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety 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

A number of institutional investors and hedge funds have recently modified their holdings of ONEW. Geode Capital Management LLC increased its holdings in OneWater Marine by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock worth $7,028,000 after buying an additional 29,952 shares during the period. Barclays PLC increased its stake in shares of OneWater Marine by 267.9% in the third quarter. Barclays PLC now owns 15,677 shares of the company’s stock worth $375,000 after acquiring an additional 11,416 shares during the period. State Street Corp raised its holdings in shares of OneWater Marine by 0.5% during the third quarter. State Street Corp now owns 226,038 shares of the company’s stock worth $5,405,000 after purchasing an additional 1,131 shares during the last quarter. De Lisle Partners LLP lifted its position in OneWater Marine by 7.4% during the third quarter. De Lisle Partners LLP now owns 58,043 shares of the company’s stock valued at $1,390,000 after purchasing an additional 4,000 shares during the period. Finally, FMR LLC boosted its holdings in 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 purchasing an additional 3,312 shares during the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

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.