Geode Capital Management LLC Buys 29,952 Shares of OneWater Marine Inc. (NASDAQ:ONEW)

Geode Capital Management LLC grew its stake in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 11.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 293,831 shares of the company’s stock after buying an additional 29,952 shares during the period. Geode Capital Management LLC owned approximately 1.83% of OneWater Marine worth $7,028,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of ONEW. FMR LLC raised its position in shares of OneWater Marine by 332.5% in the 3rd quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after acquiring an additional 3,312 shares during the period. SG Americas Securities LLC bought a new stake in OneWater Marine in the third quarter valued at approximately $119,000. Bfsg LLC raised its holdings in OneWater Marine by 12.2% in the third quarter. Bfsg LLC now owns 5,186 shares of the company’s stock worth $124,000 after purchasing an additional 565 shares during the period. Barclays PLC boosted its position in shares of OneWater Marine by 267.9% during 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 in the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of OneWater Marine by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after buying an additional 994 shares during the period. 94.32% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 13,000 shares of the business’s stock in a transaction on 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 position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director J Steven Roy acquired 2,500 shares of OneWater Marine stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of $19.05 per share, with a total value of $47,625.00. Following the completion of the purchase, the director now owns 20,760 shares in the company, valued at approximately $395,478. The trade was a 13.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought a total of 28,485 shares of company stock valued at $543,089 in the last quarter. 18.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

ONEW has been the topic of several research analyst reports. DA Davidson dropped 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 dropped 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 reiterated a “hold” rating on shares of OneWater Marine 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.00.

OneWater Marine Stock Down 0.7 %

NASDAQ:ONEW opened at $17.05 on Friday. The stock has a 50-day simple moving average of $20.93 and a 200 day simple moving average of $23.17. OneWater Marine Inc. has a 52-week low of $16.67 and a 52-week high of $31.94. The company has a market cap of $277.16 million, a PE ratio of -42.62 and a beta of 2.55. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.35 and a current ratio of 1.28.

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.