OneWater Marine (NASDAQ:ONEW) Given Hold Rating at Benchmark

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

Separately, KeyCorp decreased their price target on OneWater Marine from $34.00 to $30.00 and set an “overweight” rating on the stock in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, OneWater Marine has an average rating of “Moderate Buy” and an average price target of $31.40.

OneWater Marine Stock Performance

ONEW traded down $0.95 on Wednesday, hitting $24.78. 122,162 shares of the stock traded hands, compared to its average volume of 92,548. The business has a fifty day moving average price of $27.35 and a two-hundred day moving average price of $26.23. The company has a current ratio of 1.21, a quick ratio of 0.30 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $396.98 million, a PE ratio of -4.34 and a beta of 2.58. OneWater Marine has a 52 week low of $20.07 and a 52 week high of $38.21.

OneWater Marine (NASDAQ:ONEW) last issued its earnings results on Tuesday, July 30th. The company reported $1.05 EPS for the quarter, missing analysts’ consensus estimates of $2.06 by ($1.01). OneWater Marine had a negative net margin of 4.29% and a positive return on equity of 9.20%. The firm had revenue of $542.44 million during the quarter, compared to analyst estimates of $600.20 million. During the same quarter in the previous year, the company posted $1.95 earnings per share. On average, research analysts predict that OneWater Marine will post 3.23 EPS for the current fiscal year.

Institutional Investors Weigh In On OneWater Marine

Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC raised its stake in shares of OneWater Marine by 27.3% in the 4th quarter. SG Americas Securities LLC now owns 6,297 shares of the company’s stock valued at $213,000 after purchasing an additional 1,350 shares during the period. GAMMA Investing LLC acquired a new stake in OneWater Marine in the 4th quarter valued at approximately $29,000. Private Management Group Inc. raised its position in OneWater Marine by 3.7% in the 4th quarter. Private Management Group Inc. now owns 611,736 shares of the company’s stock valued at $20,671,000 after buying an additional 22,075 shares during the last quarter. Bfsg LLC bought a new stake in OneWater Marine in the 4th quarter valued at approximately $171,000. Finally, Russell Investments Group Ltd. boosted its position in OneWater Marine by 17.2% during the 4th quarter. Russell Investments Group Ltd. now owns 112,831 shares of the company’s stock worth $3,813,000 after acquiring an additional 16,528 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.

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.