By otakuyassine3@gmail.com 
OneWater Marine Inc. (NASDAQ:ONEW – Get Free Report) CEO Philip Austin Jr. Singleton acquired 13,000 shares of OneWater Marine stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of $18.60 per share, with a total value of $241,800.00. Following the transaction, the chief executive officer now owns 667,368 shares in the company, valued at approximately $12,413,044.80. This represents a 1.99 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.
Philip Austin Jr. Singleton also recently made the following trade(s):
- On Tuesday, November 26th, Philip Austin Jr. Singleton bought 1,046 shares of OneWater Marine stock. The shares were acquired at an average cost of $20.85 per share, with a total value of $21,809.10.
- On Tuesday, November 19th, Philip Austin Jr. Singleton purchased 11,939 shares of OneWater Marine stock. The stock was acquired at an average price of $19.42 per share, for a total transaction of $231,855.38.
OneWater Marine Stock Down 1.9 %
ONEW stock traded down $0.35 during midday trading on Monday, reaching $17.78. The company had a trading volume of 152,418 shares, compared to its average volume of 91,740. The company has a 50 day moving average of $21.76 and a two-hundred day moving average of $23.78. The company has a market capitalization of $285.49 million, a P/E ratio of -44.45 and a beta of 2.55. OneWater Marine Inc. has a 1 year low of $17.62 and a 1 year high of $35.86. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 1.06.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on the company. DA Davidson reduced their price objective on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research report on Friday, November 15th. KeyCorp cut their price objective on OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Finally, Stifel Nicolaus decreased their target price on shares of OneWater Marine from $34.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.00.
View Our Latest Research Report on OneWater Marine
Institutional Trading of OneWater Marine
Several hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC increased 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 purchasing an additional 11,416 shares during the last quarter. Geode Capital Management LLC increased its holdings in OneWater Marine by 11.4% in the third 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 last quarter. State Street Corp raised its position in OneWater Marine by 0.5% during the third quarter. State Street Corp now owns 226,038 shares of the company’s stock valued at $5,405,000 after acquiring an additional 1,131 shares in the last quarter. De Lisle Partners LLP raised its position in OneWater Marine by 7.4% during the third quarter. De Lisle Partners LLP now owns 58,043 shares of the company’s stock valued at $1,390,000 after acquiring an additional 4,000 shares in the last quarter. Finally, FMR LLC lifted its stake in OneWater Marine by 332.5% in the third quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after acquiring an additional 3,312 shares during the last quarter. 94.32% of the stock is currently owned by hedge funds and other institutional investors.
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.
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