OneWater Marine Inc. (NASDAQ:ONEW) Given Consensus Rating of “Hold” by Analysts

OneWater Marine Inc. (NASDAQ:ONEW) has received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $17.00.

Several analysts have weighed in on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of OneWater Marine in a research note on Thursday, January 22nd. Zacks Research raised OneWater Marine from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th.

OneWater Marine Stock Up 0.5%

Shares of NASDAQ ONEW opened at $8.39 on Friday. The stock has a market capitalization of $139.36 million, a P/E ratio of -1.24 and a beta of 1.68. OneWater Marine has a one year low of $8.12 and a one year high of $18.15. The firm’s 50 day simple moving average is $12.12 and its two-hundred day simple moving average is $13.25. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.13 and a quick ratio of 0.26.

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

Insiders Place Their Bets

In related news, Chairman Philip Austin Jr. Singleton purchased 18,008 shares of OneWater Marine stock in a transaction that occurred on Thursday, February 12th. The shares were acquired at an average cost of $12.52 per share, for a total transaction of $225,460.16. Following the transaction, the chairman directly owned 779,776 shares in the company, valued at $9,762,795.52. The trade was a 2.36% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 19.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On OneWater Marine

A number of large investors have recently bought and sold shares of ONEW. Empowered Funds LLC lifted its position in OneWater Marine by 63.8% in the fourth quarter. Empowered Funds LLC now owns 47,625 shares of the company’s stock valued at $515,000 after purchasing an additional 18,555 shares during the last quarter. Man Group plc bought a new position in shares of OneWater Marine in the fourth quarter worth approximately $139,000. Manatuck Hill Partners LLC bought a new position in shares of OneWater Marine in the fourth quarter worth approximately $462,000. Bridgeway Capital Management LLC increased its stake in shares of OneWater Marine by 46.7% in the fourth quarter. Bridgeway Capital Management LLC now owns 87,825 shares of the company’s stock worth $950,000 after buying an additional 27,955 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of OneWater Marine by 22.8% in the fourth quarter. AQR Capital Management LLC now owns 31,906 shares of the company’s stock worth $345,000 after buying an additional 5,914 shares during the period. 94.32% of the stock is owned by hedge funds and other institutional investors.

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.