State Street Corp Has $5.41 Million Stake in OneWater Marine Inc. (NASDAQ:ONEW)

State Street Corp grew its position in OneWater Marine Inc. (NASDAQ:ONEW) by 0.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 226,038 shares of the company’s stock after acquiring an additional 1,131 shares during the period. State Street Corp owned 1.41% of OneWater Marine worth $5,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Bfsg LLC increased its holdings in OneWater Marine by 12.2% during the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock valued at $124,000 after purchasing an additional 565 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of OneWater Marine by 5.4% during the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock worth $531,000 after purchasing an additional 994 shares during the last quarter. Sei Investments Co. increased its stake in shares of OneWater Marine by 1.1% in the second quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock valued at $5,243,000 after buying an additional 2,124 shares in the last quarter. FMR LLC raised its holdings in shares of OneWater Marine by 332.5% in the third quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after buying an additional 3,312 shares during the last quarter. Finally, De Lisle Partners LLP lifted its position in OneWater Marine by 7.4% during the 3rd quarter. De Lisle Partners LLP now owns 58,043 shares of the company’s stock worth $1,390,000 after buying an additional 4,000 shares in the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.

OneWater Marine Stock Down 4.6 %

NASDAQ:ONEW opened at $17.74 on Friday. The company has a quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 1.06. OneWater Marine Inc. has a 12-month low of $17.20 and a 12-month high of $34.90. The stock’s fifty day simple moving average is $21.24 and its 200-day simple moving average is $23.43. The firm has a market capitalization of $288.38 million, a P/E ratio of -44.35 and a beta of 2.55.

Insider Buying and Selling at OneWater Marine

In other OneWater Marine news, Director J Steven Roy bought 2,500 shares of OneWater Marine stock in a transaction on Wednesday, November 20th. The shares were purchased at an average cost of $19.05 per share, for a total transaction of $47,625.00. Following the completion of the acquisition, the director now owns 20,760 shares in the company, valued at approximately $395,478. The trade was a 13.69 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Philip Austin Jr. Singleton bought 11,939 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was acquired at an average cost of $19.42 per share, with a total value of $231,855.38. Following the completion of the purchase, the chief executive officer now owns 632,161 shares of the company’s stock, valued at approximately $12,276,566.62. This trade represents a 1.92 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 28,485 shares of company stock valued at $543,089. 18.70% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Benchmark restated a “hold” rating on shares of OneWater Marine in a research report on Friday, November 15th. DA Davidson dropped their price objective on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Stifel Nicolaus reduced their price objective on OneWater Marine from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, November 15th. Finally, KeyCorp lowered their target price on OneWater Marine from $29.00 to $27.00 and set an “overweight” rating for the company in a research note on Friday, November 15th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, OneWater Marine currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

OneWater Marine Company Profile

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.