Brandywine Global Investment Management LLC lowered its holdings in shares of OneWater Marine Inc. (NASDAQ:ONEW – Get Rating) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,129 shares of the company’s stock after selling 432 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.11% of OneWater Marine worth $490,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. purchased a new stake in OneWater Marine in the 4th quarter worth approximately $236,000. UBS Group AG purchased a new stake in OneWater Marine in the 4th quarter worth approximately $126,000. Private Management Group Inc. increased its holdings in OneWater Marine by 104.1% in the 4th quarter. Private Management Group Inc. now owns 369,416 shares of the company’s stock worth $10,565,000 after acquiring an additional 188,400 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in OneWater Marine by 6.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 67,419 shares of the company’s stock worth $2,029,000 after acquiring an additional 3,955 shares in the last quarter. Finally, Capital Impact Advisors LLC increased its holdings in OneWater Marine by 13.0% in the 3rd quarter. Capital Impact Advisors LLC now owns 17,892 shares of the company’s stock worth $564,000 after acquiring an additional 2,060 shares in the last quarter. 57.11% of the stock is owned by hedge funds and other institutional investors.
OneWater Marine Trading Up 0.9 %
ONEW stock opened at $28.07 on Friday. The firm has a fifty day moving average price of $27.12 and a 200 day moving average price of $28.94. OneWater Marine Inc. has a fifty-two week low of $23.68 and a fifty-two week high of $43.96. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.32 and a current ratio of 1.20. The firm has a market cap of $442.10 million, a PE ratio of 3.84 and a beta of 2.44.
Analyst Upgrades and Downgrades
Several research firms have weighed in on ONEW. Truist Financial dropped their price target on OneWater Marine from $38.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, February 3rd. DA Davidson cut their price objective on shares of OneWater Marine from $32.00 to $28.00 in a report on Monday, May 8th. 500.com reaffirmed a “maintains” rating on shares of OneWater Marine in a report on Friday, May 5th. Robert W. Baird cut their price objective on shares of OneWater Marine from $45.00 to $42.00 in a report on Friday, February 3rd. Finally, KeyCorp assumed coverage on shares of OneWater Marine in a report on Wednesday, April 19th. They set an “overweight” rating and a $33.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, OneWater Marine currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.83.
Insiders Place Their Bets
In other OneWater Marine news, Director Jeffrey B. Lamkin sold 14,524 shares of OneWater Marine stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $28.41, for a total transaction of $412,626.84. Following the completion of the transaction, the director now directly owns 15,928 shares of the company’s stock, valued at $452,514.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other OneWater Marine news, CEO Philip Austin Jr. Singleton bought 10,000 shares of the firm’s stock in a transaction dated Friday, March 17th. The stock was acquired at an average cost of $24.09 per share, for a total transaction of $240,900.00. Following the completion of the transaction, the chief executive officer now owns 562,805 shares in the company, valued at $13,557,972.45. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey B. Lamkin sold 14,524 shares of OneWater Marine stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $28.41, for a total value of $412,626.84. Following the sale, the director now owns 15,928 shares of the company’s stock, valued at $452,514.48. The disclosure for this sale can be found here. Over the last three months, insiders bought 35,000 shares of company stock valued at $864,950 and sold 113,107 shares valued at $3,197,056. 20.40% of the stock is owned by insiders.
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 also 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, as well as rental of boats and personal watercraft.
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