OneWater Marine (NASDAQ:ONEW) Given New $27.00 Price Target at KeyCorp

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

Separately, Benchmark reiterated a “hold” rating on shares of OneWater Marine in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.00.

OneWater Marine Price Performance

ONEW traded down $1.23 during trading on Friday, reaching $20.00. 229,934 shares of the company traded hands, compared to its average volume of 89,102. The company has a market cap of $321.20 million, a P/E ratio of -3.00 and a beta of 2.58. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.35 and a current ratio of 1.29. OneWater Marine has a 12-month low of $19.66 and a 12-month high of $35.86. The firm has a fifty day simple moving average of $22.67 and a 200 day simple moving average of $24.56.

Insider Activity at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton acquired 3,334 shares of the stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average cost of $23.04 per share, with a total value of $76,815.36. Following the purchase, the chief executive officer now directly owns 613,517 shares of the company’s stock, valued at approximately $14,135,431.68. This trade represents a 0.55 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Anthony M. Aisquith bought 5,000 shares of the business’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 transaction, the chief operating officer now owns 729,316 shares in the company, valued at approximately $15,497,965. The trade was a 0.69 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 20,034 shares of company stock valued at $441,828. 18.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OneWater Marine

Several hedge funds have recently added to or reduced their stakes in ONEW. FMR LLC boosted its position in shares of 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 buying an additional 3,312 shares during the period. SG Americas Securities LLC purchased a new position in OneWater Marine during the 3rd quarter valued at $119,000. Bfsg LLC boosted its holdings in 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 acquiring an additional 565 shares during the period. SageView Advisory Group LLC bought a new position in OneWater Marine in the 1st quarter valued at $322,000. Finally, Barclays PLC increased its stake in 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 purchasing an additional 11,416 shares during the period. 94.32% of the stock is currently owned by institutional investors.

About OneWater Marine

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.