Sei Investments Co. Has $3.99 Million Position in OneWater Marine Inc. (NASDAQ:ONEW)

Sei Investments Co. grew its stake in OneWater Marine Inc. (NASDAQ:ONEW) by 14.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 229,506 shares of the company’s stock after purchasing an additional 28,164 shares during the quarter. Sei Investments Co. owned about 1.41% of OneWater Marine worth $3,989,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC boosted its holdings in OneWater Marine by 332.5% during the third quarter. FMR LLC now owns 4,308 shares of the company’s stock worth $103,000 after buying an additional 3,312 shares during the last quarter. AlphaQuest LLC bought a new position in OneWater Marine during the 4th quarter worth approximately $158,000. Raymond James Financial Inc. acquired a new position in OneWater Marine during the fourth quarter valued at approximately $199,000. Rhumbline Advisers increased its stake in OneWater Marine by 3.6% in the fourth quarter. Rhumbline Advisers now owns 19,420 shares of the company’s stock valued at $338,000 after purchasing an additional 683 shares in the last quarter. Finally, Barclays PLC raised its holdings in OneWater Marine by 267.9% in the third quarter. Barclays PLC now owns 15,677 shares of the company’s stock worth $375,000 after purchasing an additional 11,416 shares during the period. 94.32% of the stock is currently owned by institutional investors.

Insider Transactions at OneWater Marine

In related news, CEO Philip Austin Jr. Singleton purchased 15,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were purchased at an average price of $15.40 per share, with a total value of $231,000.00. Following the transaction, the chief executive officer now directly owns 682,368 shares of the company’s stock, valued at $10,508,467.20. This trade represents a 2.25 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 20.30% of the stock is currently owned by insiders.

OneWater Marine Stock Performance

ONEW opened at $17.03 on Thursday. The company has a market capitalization of $277.81 million, a price-to-earnings ratio of -23.65 and a beta of 2.59. The business’s 50-day moving average price is $17.43 and its two-hundred day moving average price is $19.55. OneWater Marine Inc. has a 1 year low of $14.13 and a 1 year high of $31.36. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.24 and a quick ratio of 0.25.

OneWater Marine (NASDAQ:ONEW) last announced its earnings results on Thursday, January 30th. The company reported ($0.54) earnings per share (EPS) for the quarter, beating 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 expect that OneWater Marine Inc. will post 1.57 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ONEW. Truist Financial lowered their price objective on shares of OneWater Marine from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Stifel Nicolaus dropped their price target on OneWater Marine from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. Finally, KeyCorp decreased their price objective on OneWater Marine from $27.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $23.75.

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.