OneWater Marine (NASDAQ:ONEW) Raised to Hold at Zacks Research

OneWater Marine (NASDAQ:ONEW) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research report on Friday, November 14th. KeyCorp decreased their price objective on OneWater Marine from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Truist Financial upped their price target on shares of OneWater Marine from $16.00 to $18.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of OneWater Marine in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.00.

OneWater Marine Stock Up 1.1%

ONEW opened at $13.20 on Monday. The firm has a 50 day moving average price of $11.98 and a 200 day moving average price of $14.38. OneWater Marine has a 1 year low of $10.14 and a 1 year high of $21.00. The company has a debt-to-equity ratio of 1.17, a quick ratio of 0.28 and a current ratio of 1.14. The company has a market cap of $218.20 million, a PE ratio of -1.86 and a beta of 1.64.

Institutional Trading of OneWater Marine

A number of institutional investors and hedge funds have recently bought and sold shares of ONEW. BNP Paribas Financial Markets grew its stake in OneWater Marine by 94.4% during 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 period. AlphaQuest LLC grew its stake 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 acquiring an additional 1,392 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of OneWater Marine by 50.0% in the third quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock valued at $129,000 after purchasing an additional 2,710 shares during the last quarter. Occudo Quantitative Strategies LP bought a new position in shares of OneWater Marine during the third quarter valued at about $192,000. Finally, Two Sigma Investments LP purchased a new position in OneWater Marine during the third quarter worth about $219,000. 94.32% of the stock is currently owned by institutional investors and hedge funds.

OneWater Marine Company Profile

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.