OneWater Marine Inc. (NASDAQ:ONEW) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in OneWater Marine Inc. (NASDAQ:ONEW) by 18.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,790 shares of the company’s stock after selling 9,186 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.26% of OneWater Marine worth $726,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in shares of OneWater Marine by 332.5% during the 3rd 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 period. Barclays PLC raised its stake in shares of OneWater Marine by 267.9% during the third quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after purchasing an additional 11,416 shares during the period. Rhumbline Advisers lifted its position in shares of OneWater Marine by 3.6% during the fourth quarter. Rhumbline Advisers now owns 19,420 shares of the company’s stock worth $338,000 after purchasing an additional 683 shares in the last quarter. State Street Corp boosted its stake in shares of OneWater Marine by 0.5% in the third quarter. State Street Corp now owns 226,038 shares of the company’s stock valued at $5,405,000 after purchasing an additional 1,131 shares during the period. Finally, Geode Capital Management LLC grew its holdings in OneWater Marine by 11.4% during the 3rd quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock valued at $7,028,000 after purchasing an additional 29,952 shares in the last quarter. Hedge funds and other institutional investors own 94.32% of the company’s stock.

OneWater Marine Stock Performance

Shares of ONEW stock opened at $16.18 on Tuesday. The stock has a market capitalization of $263.94 million, a price-to-earnings ratio of -22.47 and a beta of 2.59. OneWater Marine Inc. has a one year low of $14.13 and a one year high of $31.36. The company’s 50-day simple moving average is $17.41 and its 200-day simple moving average is $19.61. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24.

OneWater Marine (NASDAQ:ONEW) last released its earnings results on Thursday, January 30th. The company reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.30. OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. Equities analysts anticipate that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ONEW has been the subject of a number of analyst reports. KeyCorp decreased their price objective on shares of OneWater Marine from $27.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Stifel Nicolaus lowered their price objective on OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday, January 15th. Finally, Truist Financial cut their target price on OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $23.75.

Insiders Place Their Bets

In other OneWater Marine news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were purchased at an average price of $15.40 per share, for a total transaction of $231,000.00. Following the completion of the purchase, the chief executive officer now directly owns 682,368 shares in the company, valued at $10,508,467.20. The trade was a 2.25 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 20.30% of the stock is currently owned by corporate insiders.

OneWater Marine 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.