Barclays PLC Buys 11,416 Shares of OneWater Marine Inc. (NASDAQ:ONEW)

Barclays PLC lifted its stake in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 267.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,677 shares of the company’s stock after buying an additional 11,416 shares during the period. Barclays PLC’s holdings in OneWater Marine were worth $375,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of ONEW. Rhumbline Advisers increased its holdings in OneWater Marine by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock worth $531,000 after purchasing an additional 994 shares in the last quarter. Dimensional Fund Advisors LP grew 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 last quarter. Sei Investments Co. grew its holdings in shares of OneWater Marine by 1.1% during 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. SG Americas Securities LLC acquired a new position in shares of OneWater Marine in the third quarter valued at approximately $119,000. Finally, Bfsg LLC raised its holdings in OneWater Marine by 12.2% in the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock valued at $124,000 after buying an additional 565 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ONEW has been the topic of a number of research reports. DA Davidson reduced their target price on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. KeyCorp reduced their price objective on shares of OneWater Marine from $27.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research report on Friday, November 15th. Truist Financial cut their target price on OneWater Marine from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. Finally, Stifel Nicolaus decreased their price target on OneWater Marine from $31.00 to $25.00 and set a “buy” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $23.75.

Insider Activity at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton acquired 11,939 shares of the stock in a transaction dated Tuesday, November 19th. The stock was purchased at an average cost of $19.42 per share, with a total value of $231,855.38. Following the transaction, the chief executive officer now owns 632,161 shares in the company, valued at approximately $12,276,566.62. The trade was a 1.92 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director J Steven Roy bought 2,500 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average price of $19.05 per share, for a total transaction of $47,625.00. Following the transaction, the director now owns 20,760 shares in the company, 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. Insiders have bought a total of 28,485 shares of company stock worth $543,089 over the last quarter. Company insiders own 18.70% of the company’s stock.

OneWater Marine Trading Down 1.4 %

NASDAQ:ONEW opened at $15.90 on Friday. OneWater Marine Inc. has a 52 week low of $14.29 and a 52 week high of $31.36. The firm’s fifty day moving average is $19.30 and its 200-day moving average is $22.30. The firm has a market cap of $258.53 million, a P/E ratio of -39.75 and a beta of 2.58. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.31 and a current ratio of 1.28.

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.