OneWater Marine (NASDAQ:ONEW) Price Target Lowered to $22.00 at KeyCorp

OneWater Marine (NASDAQ:ONEW) had its price target cut by KeyCorp from $27.00 to $22.00 in a report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

ONEW has been the subject of several other reports. DA Davidson reduced their price target on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. Benchmark reiterated a “hold” rating on shares of OneWater Marine in a research report on Friday, November 15th. Truist Financial cut 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. Finally, Stifel Nicolaus reduced 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $25.25.

OneWater Marine Stock Down 2.9 %

ONEW opened at $15.78 on Wednesday. OneWater Marine has a 12 month low of $15.35 and a 12 month high of $31.59. The company has a market cap of $256.52 million, a PE ratio of -39.45 and a beta of 2.58. 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 50 day moving average of $20.45 and a 200 day moving average of $22.85.

Insider Buying and Selling at OneWater Marine

In other news, Director J Steven Roy acquired 2,500 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $395,478. This trade represents a 13.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Philip Austin Jr. Singleton acquired 11,939 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were purchased at an average cost of $19.42 per share, for a total transaction of $231,855.38. Following the completion of the acquisition, the chief executive officer now owns 632,161 shares in the company, valued at $12,276,566.62. This represents a 1.92 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 28,485 shares of company stock worth $543,089 over the last three months. 18.70% of the stock is owned by insiders.

Institutional Investors Weigh In On OneWater Marine

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its holdings in OneWater Marine by 6.5% during 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 period. Rhumbline Advisers boosted its stake in shares of OneWater Marine by 5.4% during the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock valued at $531,000 after purchasing an additional 994 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of OneWater Marine by 6.0% in 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 last quarter. Sei Investments Co. grew its holdings 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 worth $5,243,000 after purchasing an additional 2,124 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of OneWater Marine in the third quarter worth $119,000. Hedge funds and other institutional investors own 94.32% of the company’s stock.

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.