OneWater Marine Inc. (NASDAQ:ONEW) Receives Average Rating of “Hold” from Brokerages

Shares of OneWater Marine Inc. (NASDAQ:ONEW) have received a consensus rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $17.00.

Several equities research analysts recently commented on the company. Zacks Research upgraded OneWater Marine from a “strong sell” rating to a “hold” rating in a research report on Monday, January 12th. Truist Financial boosted their price target on OneWater Marine from $16.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 15th. KeyCorp cut their price target on OneWater Marine from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Friday, November 14th. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research note on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of OneWater Marine in a research report on Thursday, January 22nd.

Hedge Funds Weigh In On OneWater Marine

A number of institutional investors and hedge funds have recently made changes to their positions in ONEW. American Century Companies Inc. grew its stake in shares of OneWater Marine by 15.3% in the 2nd quarter. American Century Companies Inc. now owns 1,969,542 shares of the company’s stock valued at $26,372,000 after buying an additional 261,545 shares during the period. Jane Street Group LLC boosted its holdings in OneWater Marine by 126.6% in the second quarter. Jane Street Group LLC now owns 25,831 shares of the company’s stock worth $346,000 after acquiring an additional 122,976 shares in the last quarter. Divisadero Street Capital Management LP bought a new position in OneWater Marine in the third quarter worth approximately $1,711,000. First Eagle Investment Management LLC grew its stake in OneWater Marine by 66.2% in the second quarter. First Eagle Investment Management LLC now owns 251,048 shares of the company’s stock valued at $3,362,000 after acquiring an additional 99,964 shares during the period. Finally, General Equity Holdings LP increased its holdings in shares of OneWater Marine by 17.9% during the second quarter. General Equity Holdings LP now owns 470,246 shares of the company’s stock valued at $6,297,000 after acquiring an additional 71,435 shares in the last quarter. Institutional investors own 94.32% of the company’s stock.

OneWater Marine Stock Performance

Shares of ONEW opened at $13.22 on Thursday. The company has a current ratio of 1.14, a quick ratio of 0.28 and a debt-to-equity ratio of 1.17. The firm’s fifty day simple moving average is $11.94 and its two-hundred day simple moving average is $14.32. OneWater Marine has a 12 month low of $10.14 and a 12 month high of $21.00. The stock has a market capitalization of $218.53 million, a P/E ratio of -1.87 and a beta of 1.64.

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.