Barclays PLC Raises Position in OneWater Marine Inc. (NASDAQ:ONEW)

Barclays PLC boosted its holdings in OneWater Marine Inc. (NASDAQ:ONEWFree Report) by 267.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,677 shares of the company’s stock after purchasing an additional 11,416 shares during the period. Barclays PLC owned approximately 0.10% of OneWater Marine worth $375,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ONEW. Bank of New York Mellon Corp lifted its stake in shares of OneWater Marine by 6.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 74,792 shares of the company’s stock valued at $2,062,000 after acquiring an additional 4,539 shares during the last quarter. Rhumbline Advisers increased its stake in OneWater Marine by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock worth $531,000 after purchasing an additional 994 shares during the period. Private Management Group Inc. increased its stake in OneWater Marine by 3.2% in the 2nd quarter. Private Management Group Inc. now owns 626,464 shares of the company’s stock worth $17,272,000 after purchasing an additional 19,222 shares during the period. Dimensional Fund Advisors LP lifted its position in OneWater Marine by 6.0% in the second quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock valued at $11,892,000 after purchasing an additional 24,364 shares during the last quarter. Finally, Sei Investments Co. boosted its stake in shares of OneWater Marine by 1.1% during the second quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock valued at $5,243,000 after purchasing an additional 2,124 shares during the period. 94.32% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other OneWater Marine news, CEO Philip Austin Jr. Singleton bought 13,000 shares of OneWater Marine stock in a transaction dated Thursday, December 19th. The shares were purchased at an average cost of $18.60 per share, with a total value of $241,800.00. Following the transaction, the chief executive officer now directly owns 667,368 shares of the company’s stock, valued at $12,413,044.80. This represents a 1.99 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Steven Roy purchased 2,500 shares of the stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of $19.05 per share, with a total value of $47,625.00. Following the completion of the transaction, the director now owns 20,760 shares in the company, valued at $395,478. This trade represents a 13.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 28,485 shares of company stock worth $543,089 over the last three months. Company insiders own 18.70% of the company’s stock.

Analyst Ratings Changes

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

Get Our Latest Stock Report on OneWater Marine

OneWater Marine Stock Down 0.7 %

Shares of NASDAQ ONEW opened at $17.05 on Friday. The firm has a fifty day simple moving average of $20.93 and a two-hundred day simple moving average of $23.17. OneWater Marine Inc. has a 12 month low of $16.67 and a 12 month high of $31.94. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $277.16 million, a PE ratio of -42.62 and a beta of 2.55.

OneWater Marine Profile

(Free Report)

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.

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Institutional Ownership by Quarter for OneWater Marine (NASDAQ:ONEW)

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