Royce & Associates LP Has $9.76 Million Holdings in OneWater Marine Inc. $ONEW

Royce & Associates LP cut its stake in OneWater Marine Inc. (NASDAQ:ONEW) by 34.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 902,250 shares of the company’s stock after selling 480,937 shares during the period. Royce & Associates LP owned approximately 0.05% of OneWater Marine worth $9,762,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake in OneWater Marine by 94.4% in the 3rd 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. JPMorgan Chase & Co. lifted its position in OneWater Marine by 50.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock worth $129,000 after buying an additional 2,710 shares in the last quarter. Occudo Quantitative Strategies LP bought a new stake in OneWater Marine during the 3rd quarter worth about $192,000. Two Sigma Investments LP bought a new stake in OneWater Marine during the 3rd quarter worth about $219,000. Finally, Brevan Howard Capital Management LP bought a new stake in OneWater Marine during the 2nd quarter worth about $222,000. 94.32% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at OneWater Marine

In related news, Director John Troiano sold 27,844 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $12.07, for a total value of $336,077.08. Following the transaction, the director owned 41,438 shares in the company, valued at approximately $500,156.66. This represents a 40.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Philip Austin Jr. Singleton purchased 21,930 shares of the firm’s stock in a transaction that occurred on Tuesday, May 5th. The stock was bought at an average price of $10.88 per share, for a total transaction of $238,598.40. Following the purchase, the chairman owned 801,816 shares in the company, valued at $8,723,758.08. The trade was a 2.81% increase in their position. The SEC filing for this purchase provides additional information. 19.50% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. KeyCorp cut their price target on shares of OneWater Marine from $16.00 to $14.00 and set an “overweight” rating on the stock in a research report on Friday, May 1st. Robert W. Baird set a $13.00 price target on shares of OneWater Marine in a research report on Friday, May 1st. Weiss Ratings cut shares of OneWater Marine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. Finally, Truist Financial dropped their target price on shares of OneWater Marine from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

OneWater Marine Stock Up 1.8%

Shares of ONEW stock opened at $11.35 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.29 and a current ratio of 1.16. The firm’s 50-day moving average is $10.26 and its 200-day moving average is $11.38. The stock has a market cap of $188.64 million, a price-to-earnings ratio of -1.51 and a beta of 1.49. OneWater Marine Inc. has a 52-week low of $8.12 and a 52-week high of $17.92.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings results on Thursday, April 30th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.43). OneWater Marine had a negative net margin of 6.69% and a positive return on equity of 2.22%. The company had revenue of $442.29 million during the quarter, compared to analyst estimates of $477.30 million. OneWater Marine has set its FY 2026 guidance at 0.200-0.700 EPS. Sell-side analysts predict that OneWater Marine Inc. will post 0.58 EPS for the current 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.