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

Geode Capital Management LLC raised its position in OneWater Marine Inc. (NASDAQ:ONEW) by 11.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 293,831 shares of the company’s stock after acquiring an additional 29,952 shares during the quarter. Geode Capital Management LLC’s holdings in OneWater Marine were worth $7,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp increased its holdings in shares of OneWater Marine by 0.5% during the 3rd quarter. State Street Corp now owns 226,038 shares of the company’s stock worth $5,405,000 after acquiring an additional 1,131 shares during the last quarter. FMR LLC boosted its position 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 purchasing an additional 3,312 shares during the period. Dimensional Fund Advisors LP boosted its position in 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. Royce & Associates LP increased its holdings in shares of OneWater Marine by 9.7% in the third quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock valued at $39,150,000 after purchasing an additional 144,926 shares during the last quarter. Finally, Bfsg LLC raised its position in shares of OneWater Marine by 12.2% in the third quarter. Bfsg LLC now owns 5,186 shares of the company’s stock valued at $124,000 after purchasing an additional 565 shares during the period. Institutional investors own 94.32% of the company’s stock.

OneWater Marine Stock Performance

NASDAQ ONEW opened at $17.05 on Friday. The firm has a 50-day moving average price of $20.93 and a two-hundred day moving average price of $23.17. OneWater Marine Inc. has a 12-month low of $16.67 and a 12-month high of $31.94. The company has a market capitalization of $277.16 million, a P/E ratio of -42.62 and a beta of 2.55. The company has a quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 1.06.

Analyst Ratings Changes

Several brokerages recently commented on ONEW. DA Davidson reduced their target price on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, November 18th. Stifel Nicolaus reduced their price objective on OneWater Marine from $34.00 to $31.00 and set a “buy” rating for the company in a report on Friday, November 15th. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research report on Friday, November 15th. Finally, KeyCorp dropped their price target on OneWater Marine from $29.00 to $27.00 and set an “overweight” rating for the company in a report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.00.

Insider Activity

In related news, CEO Philip Austin Jr. Singleton purchased 11,939 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were bought at an average price of $19.42 per share, for a total transaction of $231,855.38. Following the completion of the transaction, the chief executive officer now owns 632,161 shares of the company’s stock, valued at approximately $12,276,566.62. This trade represents a 1.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, Director J Steven Roy purchased 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was bought at an average cost of $19.05 per share, with a total value of $47,625.00. Following the purchase, the director now owns 20,760 shares of the company’s stock, valued at $395,478. This represents a 13.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 28,485 shares of company stock worth $543,089. Corporate insiders own 18.70% of the company’s stock.

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.