Squarepoint Ops LLC trimmed its position in OneWater Marine Inc. (NASDAQ:ONEW) by 11.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 31,030 shares of the company’s stock after selling 4,210 shares during the quarter. Squarepoint Ops LLC’s holdings in OneWater Marine were worth $903,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of OneWater Marine by 5.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 13,765 shares of the company’s stock valued at $283,000 after purchasing an additional 700 shares in the last quarter. Steward Partners Investment Advisory LLC bought a new stake in shares of OneWater Marine in the fourth quarter valued at about $29,000. Citigroup Inc. lifted its holdings in shares of OneWater Marine by 533.1% in the fourth quarter. Citigroup Inc. now owns 1,608 shares of the company’s stock valued at $47,000 after purchasing an additional 1,354 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of OneWater Marine in the fourth quarter valued at about $49,000. Finally, American International Group Inc. lifted its holdings in shares of OneWater Marine by 60.7% in the fourth quarter. American International Group Inc. now owns 4,983 shares of the company’s stock valued at $145,000 after purchasing an additional 1,883 shares in the last quarter. Institutional investors own 50.14% of the company’s stock.

In other OneWater Marine news, Director John Troiano sold 20,000 shares of the company’s stock in a transaction on Wednesday, February 10th. The stock was sold at an average price of $36.17, for a total transaction of $723,400.00. Following the completion of the sale, the director now directly owns 6,250 shares in the company, valued at $226,062.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mitchell W. Legler sold 1,500 shares of the company’s stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $40.27, for a total value of $60,405.00. Following the sale, the director now owns 65,799 shares of the company’s stock, valued at $2,649,725.73. The disclosure for this sale can be found here. Insiders have sold 28,724 shares of company stock worth $1,046,831 in the last three months.

Several research firms recently issued reports on ONEW. Truist upped their target price on OneWater Marine from $36.00 to $40.00 in a report on Wednesday, January 27th. Robert W. Baird upped their target price on OneWater Marine from $36.00 to $40.00 and gave the stock an “outperform” rating in a report on Monday, February 8th. Stifel Nicolaus initiated coverage on OneWater Marine in a report on Monday, March 1st. They set a “buy” rating and a $42.00 target price on the stock. Zacks Investment Research downgraded OneWater Marine from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, KeyCorp initiated coverage on OneWater Marine in a research report on Tuesday, March 9th. They set an “overweight” rating and a $43.00 price target on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $36.57.

Shares of NASDAQ:ONEW opened at $41.37 on Thursday. The company has a market capitalization of $619.52 million and a P/E ratio of -0.91. OneWater Marine Inc. has a 1 year low of $6.50 and a 1 year high of $44.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.36 and a quick ratio of 0.55. The business’s 50 day simple moving average is $38.84 and its 200 day simple moving average is $29.79.

OneWater Marine (NASDAQ:ONEW) last issued its quarterly earnings results on Thursday, February 4th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.60. The business had revenue of $214.08 million for the quarter, compared to the consensus estimate of $183.26 million. OneWater Marine had a return on equity of 13.20% and a net margin of 1.57%. On average, sell-side analysts anticipate that OneWater Marine Inc. will post 3.89 EPS for the current fiscal year.

OneWater Marine Company Profile

OneWater Marine Inc operates as a recreational boat retailer in the United States. It offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. The company also provides boat repair and maintenance services; arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina, as well as rental of boats and personal watercraft.

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Institutional Ownership by Quarter for OneWater Marine (NASDAQ:ONEW)

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