OneWater Marine (NASDAQ:ONEW) Price Target Lowered to $31.00 at Stifel Nicolaus

OneWater Marine (NASDAQ:ONEW) had its target price reduced by Stifel Nicolaus from $34.00 to $31.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. KeyCorp decreased their target price on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday. Benchmark reissued a “hold” rating on shares of OneWater Marine in a research report on Friday. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.00.

OneWater Marine Stock Down 5.8 %

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

Insider Activity at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 6,700 shares of OneWater Marine stock in a transaction on Thursday, September 5th. The stock was bought at an average price of $22.39 per share, for a total transaction of $150,013.00. Following 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 position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Anthony M. Aisquith purchased 5,000 shares of the firm’s stock in a transaction on Friday, September 6th. The shares were purchased at an average cost of $21.75 per share, with a total value of $108,750.00. Following the completion of the purchase, the chief operating officer now owns 724,316 shares in the company, valued at $15,753,873. This represents a 0.70 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 20,034 shares of company stock valued at $441,828 in the last ninety days. Corporate insiders own 18.70% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Royce & Associates LP increased its position in OneWater Marine by 9.7% in the 3rd quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock worth $39,150,000 after buying an additional 144,926 shares during the period. Geode Capital Management LLC grew its position in shares of OneWater Marine by 11.4% during 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. Dimensional Fund Advisors LP increased its stake in OneWater Marine by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock valued at $11,892,000 after purchasing an additional 24,364 shares in the last quarter. Private Management Group Inc. boosted its stake in OneWater Marine by 3.2% in the 2nd quarter. Private Management Group Inc. now owns 626,464 shares of the company’s stock worth $17,272,000 after purchasing an additional 19,222 shares during the period. Finally, Barclays PLC increased its stake in OneWater Marine by 267.9% in the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after buying an additional 11,416 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.