OneWater Marine Inc. $ONEW Shares Sold by Capital World Investors

Capital World Investors reduced its position in OneWater Marine Inc. (NASDAQ:ONEW) by 69.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 229,256 shares of the company’s stock after selling 525,549 shares during the quarter. Capital World Investors owned about 1.39% of OneWater Marine worth $2,481,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. American Century Companies Inc. lifted its holdings in shares of OneWater Marine by 3.6% during the third quarter. American Century Companies Inc. now owns 2,040,568 shares of the company’s stock worth $32,323,000 after purchasing an additional 71,026 shares during the period. Divisadero Street Capital Management LP acquired a new stake in shares of OneWater Marine during the third quarter worth $1,711,000. First Eagle Investment Management LLC lifted its holdings in shares of OneWater Marine by 10.5% during the third quarter. First Eagle Investment Management LLC now owns 277,293 shares of the company’s stock worth $4,392,000 after purchasing an additional 26,245 shares during the period. GSA Capital Partners LLP acquired a new stake in shares of OneWater Marine during the third quarter worth $523,000. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of OneWater Marine by 0.4% during the third quarter. Dimensional Fund Advisors LP now owns 549,856 shares of the company’s stock worth $8,710,000 after purchasing an additional 2,378 shares during the period. 94.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at OneWater Marine

In other OneWater Marine news, Chairman Philip Austin Jr. Singleton acquired 21,930 shares of the business’s stock in a transaction on Tuesday, May 5th. The stock was purchased at an average price of $10.88 per share, for a total transaction of $238,598.40. Following the completion of the transaction, the chairman owned 801,816 shares of the company’s stock, valued at $8,723,758.08. The trade was a 2.81% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Troiano sold 27,844 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $12.07, for a total value of $336,077.08. Following the completion of the transaction, the director owned 41,438 shares of the company’s stock, valued at $500,156.66. The trade was a 40.19% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 19.50% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. KeyCorp decreased their price target on OneWater Marine from $16.00 to $14.00 and set an “overweight” rating for the company in a report on Friday, May 1st. Robert W. Baird set a $13.00 price target on OneWater Marine in a report on Friday, May 1st. Truist Financial decreased their price target on OneWater Marine from $17.00 to $15.00 and set a “buy” rating for the company in a report on Monday, April 27th. Finally, Weiss Ratings downgraded OneWater Marine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.00.

OneWater Marine Trading Down 1.2%

NASDAQ:ONEW opened at $10.48 on Thursday. The stock has a fifty day moving average price of $10.60 and a two-hundred day moving average price of $11.23. The stock has a market capitalization of $174.16 million, a price-to-earnings ratio of -1.40 and a beta of 1.53. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.29 and a current ratio of 1.16. OneWater Marine Inc. has a 1 year low of $8.12 and a 1 year high of $17.92.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings data on Thursday, April 30th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by ($0.43). The business had revenue of $442.29 million during the quarter, compared to analysts’ expectations of $477.30 million. OneWater Marine had a positive return on equity of 2.22% and a negative net margin of 6.69%.OneWater Marine has set its FY 2026 guidance at 0.200-0.700 EPS. As a group, sell-side analysts anticipate that OneWater Marine Inc. will post 0.58 earnings per share for the current fiscal year.

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.