Bfsg LLC Decreases Holdings in OneWater Marine Inc. (NASDAQ:ONEW)

Bfsg LLC reduced its position in OneWater Marine Inc. (NASDAQ:ONEW) by 31.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,578 shares of the company’s stock after selling 1,608 shares during the period. Bfsg LLC’s holdings in OneWater Marine were worth $62,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of ONEW. Royce & Associates LP boosted its position in OneWater Marine by 9.7% in the third quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock worth $39,150,000 after purchasing an additional 144,926 shares during the last quarter. Private Management Group Inc. boosted its holdings in shares of OneWater Marine by 0.9% in the third quarter. Private Management Group Inc. now owns 632,380 shares of the company’s stock worth $15,120,000 after buying an additional 5,916 shares during the last quarter. Geode Capital Management LLC grew its position in OneWater Marine by 11.4% during the third quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock valued at $7,028,000 after buying an additional 29,952 shares during the period. State Street Corp increased its holdings 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 buying an additional 1,131 shares during the last quarter. Finally, De Lisle Partners LLP raised its position 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 acquiring an additional 4,000 shares during the period. Institutional investors own 94.32% of the company’s stock.

OneWater Marine Stock Performance

NASDAQ ONEW opened at $18.96 on Thursday. The company has a quick ratio of 0.25, a current ratio of 1.24 and a debt-to-equity ratio of 1.08. OneWater Marine Inc. has a twelve month low of $14.29 and a twelve month high of $31.36. The business has a 50-day moving average price of $17.70 and a 200-day moving average price of $20.83. The firm has a market cap of $309.24 million, a price-to-earnings ratio of -26.33 and a beta of 2.58.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share for the quarter, topping the consensus estimate of ($0.84) by $0.30. OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. As a group, equities research analysts predict that OneWater Marine Inc. will post 1.57 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CEO Philip Austin Jr. Singleton bought 13,000 shares of OneWater Marine stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $18.60 per share, with a total value of $241,800.00. Following the completion of the acquisition, the chief executive officer now owns 667,368 shares of the company’s stock, valued at $12,413,044.80. This trade represents a 1.99 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ONEW shares. KeyCorp reduced their price objective on OneWater Marine from $27.00 to $22.00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Stifel Nicolaus reduced their price target on OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a research report on Wednesday, January 15th. DA Davidson lowered their price objective on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research note on Friday, November 15th. Finally, Truist Financial decreased their target price on shares of OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $23.75.

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.