American Century Companies Inc. Trims Stake in OneWater Marine Inc. (NASDAQ:ONEW)

American Century Companies Inc. lessened its stake in OneWater Marine Inc. (NASDAQ:ONEW) by 1.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,602,456 shares of the company’s stock after selling 19,027 shares during the period. American Century Companies Inc. owned about 10.00% of OneWater Marine worth $44,180,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ONEW. SageView Advisory Group LLC purchased a new position in shares of OneWater Marine in the 1st quarter valued at about $322,000. Rhumbline Advisers grew its holdings in OneWater Marine by 5.4% in the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after purchasing an additional 994 shares during the period. Premier Fund Managers Ltd purchased a new stake in shares of OneWater Marine in the fourth quarter valued at approximately $621,000. Bank of New York Mellon Corp raised its stake in shares of OneWater Marine by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 74,792 shares of the company’s stock worth $2,062,000 after buying an additional 4,539 shares during the period. Finally, NBW Capital LLC lifted its position in shares of OneWater Marine by 1.6% during the 1st quarter. NBW Capital LLC now owns 253,079 shares of the company’s stock valued at $7,124,000 after buying an additional 4,100 shares in the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

OneWater Marine Stock Performance

Shares of ONEW opened at $22.55 on Tuesday. OneWater Marine Inc. has a 52-week low of $20.00 and a 52-week high of $35.86. The firm’s fifty day moving average is $24.56 and its two-hundred day moving average is $25.31. The company has a quick ratio of 0.35, a current ratio of 1.29 and a debt-to-equity ratio of 1.04.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($1.01). The business had revenue of $542.44 million for the quarter, compared to analyst estimates of $600.20 million. OneWater Marine had a positive return on equity of 6.60% and a negative net margin of 5.16%. During the same quarter in the previous year, the firm posted $1.95 earnings per share. Equities analysts predict that OneWater Marine Inc. will post 1.48 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. KeyCorp cut their price target on shares of OneWater Marine from $30.00 to $29.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Benchmark restated a “hold” rating on shares of OneWater Marine in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $31.25.

Insider Activity

In related news, CEO Philip Austin Jr. Singleton acquired 5,000 shares of OneWater Marine stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average price of $21.82 per share, for a total transaction of $109,100.00. Following the completion of the transaction, the chief executive officer now owns 610,183 shares in the company, valued at approximately $13,314,193.06. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Philip Austin Jr. Singleton acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $21.82 per share, for a total transaction of $109,100.00. Following the completion of the transaction, the chief executive officer now owns 610,183 shares in the company, valued at $13,314,193.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Jeffrey B. Lamkin bought 30,919 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was purchased at an average price of $22.27 per share, for a total transaction of $688,566.13. Following the completion of the acquisition, the director now directly owns 56,705 shares in the company, valued at $1,262,820.35. The disclosure for this purchase can be found here. Insiders purchased 87,329 shares of company stock worth $1,936,799 over the last ninety days. Corporate insiders own 18.70% of the company’s stock.

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.