Charles Schwab Investment Management Inc. Has $1.22 Million Stock Holdings in OneWater Marine Inc. (NASDAQ:ONEW)

Charles Schwab Investment Management Inc. decreased its stake in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 16.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 50,976 shares of the company’s stock after selling 10,017 shares during the period. Charles Schwab Investment Management Inc. owned 0.32% of OneWater Marine worth $1,219,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of ONEW. Royce & Associates LP lifted its holdings in OneWater Marine by 9.7% during the 3rd quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock worth $39,150,000 after purchasing an additional 144,926 shares during the last quarter. Private Management Group Inc. grew its position in shares of OneWater Marine by 0.9% during the 3rd quarter. Private Management Group Inc. now owns 632,380 shares of the company’s stock worth $15,120,000 after purchasing an additional 5,916 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of OneWater Marine by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock worth $11,892,000 after purchasing an additional 24,364 shares during the period. Sei Investments Co. raised its position 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. Finally, Bank of New York Mellon Corp boosted its stake in shares of OneWater Marine by 6.5% in the second quarter. Bank of New York Mellon Corp now owns 74,792 shares of the company’s stock valued at $2,062,000 after buying an additional 4,539 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at OneWater Marine

In other OneWater Marine news, Director J Steven Roy purchased 2,500 shares of the firm’s stock in a transaction on Wednesday, November 20th. The stock was purchased at an average cost of $19.05 per share, for a total transaction of $47,625.00. Following 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 Securities & Exchange Commission, which is available at the SEC website. Also, CEO Philip Austin Jr. Singleton acquired 11,939 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was acquired at an average cost of $19.42 per share, for a total transaction of $231,855.38. Following the completion of the purchase, the chief executive officer now directly owns 632,161 shares in the company, valued at $12,276,566.62. This trade represents a 1.92 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 15,485 shares of company stock worth $301,289 over the last ninety days. Insiders own 18.70% of the company’s stock.

OneWater Marine Stock Down 0.9 %

Shares of NASDAQ ONEW opened at $20.56 on Wednesday. OneWater Marine Inc. has a 12 month low of $18.55 and a 12 month high of $35.86. 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 company has a market cap of $330.13 million, a price-to-earnings ratio of -51.40 and a beta of 2.55. The stock has a 50-day moving average price of $21.94 and a two-hundred day moving average price of $24.02.

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.