Private Management Group Inc. Sells 102,392 Shares of OneWater Marine Inc. (NASDAQ:ONEW)

Private Management Group Inc. reduced its stake in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 16.2% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 529,988 shares of the company’s stock after selling 102,392 shares during the period. Private Management Group Inc. owned approximately 3.26% of OneWater Marine worth $9,211,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in 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 purchasing an additional 3,312 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of OneWater Marine during the 3rd quarter valued at about $119,000. Bfsg LLC raised its holdings in shares of OneWater Marine by 12.2% during the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock valued at $124,000 after buying an additional 565 shares in the last quarter. Barclays PLC lifted its position in OneWater Marine by 267.9% in the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock worth $375,000 after buying an additional 11,416 shares during the last quarter. Finally, De Lisle Partners LLP boosted its stake in OneWater Marine by 7.4% in the third quarter. De Lisle Partners LLP now owns 58,043 shares of the company’s stock worth $1,390,000 after buying an additional 4,000 shares in the last quarter. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at OneWater Marine

In related news, Director J Steven Roy purchased 2,500 shares of OneWater Marine stock in a transaction that occurred on Wednesday, November 20th. The shares were bought at an average price of $19.05 per share, for a total transaction of $47,625.00. Following the completion of the transaction, the director now directly owns 20,760 shares of the company’s stock, valued at $395,478. This represents a 13.69 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Philip Austin Jr. Singleton acquired 13,000 shares of the stock in a transaction on Thursday, December 19th. The stock was bought at an average price of $18.60 per share, with a total value of $241,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 667,368 shares of the company’s stock, valued at $12,413,044.80. This trade represents a 1.99 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 28,485 shares of company stock valued at $543,089 in the last 90 days. Insiders own 20.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. KeyCorp lowered their price objective on shares of OneWater Marine from $27.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research note on Friday, November 15th. Stifel Nicolaus lowered their price target 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. DA Davidson decreased their price objective on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Finally, Truist Financial lowered their target price on OneWater Marine from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $23.75.

OneWater Marine Trading Up 5.4 %

Shares of ONEW opened at $18.89 on Thursday. The stock has a market capitalization of $307.15 million, a P/E ratio of -26.24 and a beta of 2.58. The company has a quick ratio of 0.31, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. The firm has a fifty day simple moving average of $18.16 and a two-hundred day simple moving average of $21.38. OneWater Marine Inc. has a twelve month low of $14.29 and a twelve month high of $31.36.

OneWater Marine (NASDAQ:ONEW) last posted its earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.30. OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.08%. On average, research analysts anticipate that OneWater Marine Inc. will post 1.33 EPS 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.