Philip Austin Jr. Singleton Buys 3,654 Shares of OneWater Marine (NASDAQ:ONEW) Stock

OneWater Marine Inc. (NASDAQ:ONEW) CEO Philip Austin Jr. Singleton bought 3,654 shares of the company’s stock in a transaction on Friday, September 19th. The shares were acquired at an average price of $15.37 per share, for a total transaction of $56,161.98. Following the transaction, the chief executive officer directly owned 712,244 shares in the company, valued at $10,947,190.28. This trade represents a 0.52% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

OneWater Marine Stock Up 1.5%

ONEW opened at $15.85 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.23 and a quick ratio of 0.37. The business has a 50 day simple moving average of $15.96 and a 200-day simple moving average of $15.13. The stock has a market capitalization of $259.46 million, a P/E ratio of -19.57 and a beta of 1.99. OneWater Marine Inc. has a 12 month low of $11.58 and a 12 month high of $26.77.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.79 earnings per share for the quarter, missing analysts’ consensus estimates of $1.12 by ($0.33). The business had revenue of $552.86 million for the quarter, compared to analyst estimates of $532.01 million. OneWater Marine had a positive return on equity of 0.45% and a negative net margin of 0.61%. OneWater Marine has set its FY 2025 guidance at 0.500-0.750 EPS. On average, equities analysts anticipate that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.

Institutional Trading of OneWater Marine

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. General Equity Holdings LP increased its stake in shares of OneWater Marine by 17.9% during the 2nd 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 during the last quarter. Bridgeway Capital Management LLC acquired a new position in OneWater Marine during the second quarter worth approximately $757,000. Brevan Howard Capital Management LP acquired a new position in OneWater Marine during the second quarter worth approximately $222,000. Ameriprise Financial Inc. raised its stake in OneWater Marine by 36.8% during the second quarter. Ameriprise Financial Inc. now owns 116,662 shares of the company’s stock worth $1,562,000 after purchasing an additional 31,410 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of OneWater Marine by 126.6% in the 2nd quarter. Jane Street Group LLC now owns 25,831 shares of the company’s stock valued at $346,000 after purchasing an additional 122,976 shares during the last quarter. Hedge funds and other institutional investors own 94.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Zacks Research downgraded shares of OneWater Marine from a “hold” rating to a “strong sell” rating in a report on Monday, August 25th. KeyCorp upped their target price on shares of OneWater Marine from $16.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Three analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $19.60.

About OneWater Marine

OneWater Marine Inc operates as a recreational boat retailer in the United States. The company offers new and pre-owned recreational boats and yachts, as well as related marine products, such as parts and accessories. It provides boat repair and maintenance services. In addition, the company arranges boat financing and insurance; and other ancillary services, including indoor and outdoor storage, and marina services.