KeyCorp Lowers OneWater Marine (NASDAQ:ONEW) Price Target to $27.00

OneWater Marine (NASDAQ:ONEW) had its price objective decreased by KeyCorp from $29.00 to $27.00 in a research report sent to investors on Friday morning,Benzinga reports. KeyCorp currently has an overweight rating on the stock.

Separately, Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

OneWater Marine Stock Down 1.7 %

NASDAQ ONEW opened at $19.66 on Friday. The company has a quick ratio of 0.35, a current ratio of 1.29 and a debt-to-equity ratio of 1.04. OneWater Marine has a fifty-two week low of $19.60 and a fifty-two week high of $35.86. The business has a 50 day moving average price of $22.63 and a two-hundred day moving average price of $24.60. The stock has a market cap of $315.68 million, a PE ratio of -49.15 and a beta of 2.58.

Insider Buying and Selling at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton purchased 6,700 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The stock was acquired at an average cost of $22.39 per share, for a total transaction of $150,013.00. Following the completion of the purchase, the chief executive officer now owns 620,217 shares of the company’s stock, valued at approximately $13,886,658.63. This trade represents a 1.09 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Anthony M. Aisquith acquired 5,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were purchased at an average price of $21.25 per share, for a total transaction of $106,250.00. Following the purchase, the chief operating officer now directly owns 729,316 shares of the company’s stock, valued at $15,497,965. This represents a 0.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 20,034 shares of company stock valued at $441,828 in the last three months. Corporate insiders own 18.70% of the company’s stock.

Institutional Investors Weigh In On OneWater Marine

A number of institutional investors have recently made changes to their positions in the company. Royce & Associates LP lifted its stake in OneWater Marine by 9.7% during the third 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. Geode Capital Management LLC lifted its position in shares of OneWater Marine by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock worth $7,028,000 after buying an additional 29,952 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of OneWater Marine by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock worth $11,892,000 after buying an additional 24,364 shares during the last quarter. Private Management Group Inc. boosted its holdings in shares of OneWater Marine by 3.2% in the 2nd quarter. Private Management Group Inc. now owns 626,464 shares of the company’s stock valued at $17,272,000 after buying an additional 19,222 shares during the period. Finally, Barclays PLC grew its position in shares of OneWater Marine by 267.9% during the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock valued at $375,000 after buying an additional 11,416 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors.

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.