Philip Austin Jr. Singleton Buys 18,008 Shares of OneWater Marine (NASDAQ:ONEW) Stock

OneWater Marine Inc. (NASDAQ:ONEW) Chairman Philip Austin Jr. Singleton acquired 18,008 shares of the stock in a transaction dated Thursday, February 12th. The shares were bought at an average price of $12.52 per share, for a total transaction of $225,460.16. Following the transaction, the chairman owned 779,776 shares in the company, valued at approximately $9,762,795.52. This represents a 2.36% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Philip Austin Jr. Singleton also recently made the following trade(s):

• On Wednesday, February 11th, Philip Austin Jr. Singleton bought 6,345 shares of OneWater Marine stock. The stock was bought at an average price of $12.93 per share, with a total value of $82,040.85.

OneWater Marine Trading Down 2.7%

NASDAQ ONEW opened at $11.98 on Friday. The company has a quick ratio of 0.28, a current ratio of 1.13 and a debt-to-equity ratio of 1.18. The stock’s 50-day simple moving average is $12.35 and its two-hundred day simple moving average is $14.20. OneWater Marine Inc. has a twelve month low of $10.14 and a twelve month high of $21.00. The company has a market capitalization of $198.01 million, a price-to-earnings ratio of -1.78 and a beta of 1.67.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings data on Thursday, January 29th. The company reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.39) by $0.35. The firm had revenue of $380.56 million for the quarter, compared to analyst estimates of $380.32 million. OneWater Marine had a positive return on equity of 4.32% and a negative net margin of 5.88%. Research analysts forecast that OneWater Marine Inc. will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on ONEW. KeyCorp cut their price objective on shares of OneWater Marine from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Friday, November 14th. Benchmark restated a “hold” rating on shares of OneWater Marine in a research report on Friday, November 14th. Zacks Research upgraded OneWater Marine from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of OneWater Marine in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.00.

Hedge Funds Weigh In On OneWater Marine

A number of hedge funds have recently modified their holdings of ONEW. BNP Paribas Financial Markets grew its stake in shares of OneWater Marine by 94.4% in the third quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock worth $45,000 after purchasing an additional 1,395 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in OneWater Marine in the 4th quarter worth approximately $82,000. AlphaQuest LLC grew its position in shares of OneWater Marine by 20.8% in the 2nd quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock worth $108,000 after buying an additional 1,392 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of OneWater Marine by 50.0% during the third quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock valued at $129,000 after buying an additional 2,710 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of OneWater Marine by 39.9% during the fourth quarter. Wells Fargo & Company MN now owns 12,973 shares of the company’s stock valued at $140,000 after buying an additional 3,701 shares during the period. Hedge funds and other institutional investors own 94.32% of the company’s stock.

About OneWater Marine

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.