OneWater Marine Inc. (NASDAQ:ONEW) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lessened its stake in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 1.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 1,602,456 shares of the company’s stock after selling 19,027 shares during the quarter. American Century Companies Inc. owned approximately 0.10% of OneWater Marine worth $44,180,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ONEW. Premier Fund Managers Ltd purchased a new position in shares of OneWater Marine during the 4th quarter worth approximately $621,000. Hotchkis & Wiley Capital Management LLC boosted its position in shares of OneWater Marine by 1.0% during the fourth quarter. Hotchkis & Wiley Capital Management LLC now owns 399,030 shares of the company’s stock worth $13,483,000 after buying an additional 3,770 shares during the period. Breach Inlet Capital Management LLC acquired a new stake in shares of OneWater Marine in the fourth quarter valued at $8,781,000. SageView Advisory Group LLC purchased a new stake in shares of OneWater Marine in the 1st quarter valued at $322,000. Finally, Vanguard Group Inc. lifted its stake in OneWater Marine by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 581,355 shares of the company’s stock worth $16,365,000 after acquiring an additional 11,227 shares in the last quarter. 94.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. KeyCorp cut their price target on shares of OneWater Marine from $30.00 to $29.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research note on Wednesday, July 31st. Two equities 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $31.25.

Insider Activity at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton purchased 3,334 shares of the firm’s stock in a transaction on Thursday, August 22nd. The stock was bought at an average cost of $23.04 per share, with a total value of $76,815.36. Following the acquisition, the chief executive officer now directly owns 613,517 shares of the company’s stock, valued at $14,135,431.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Anthony M. Aisquith purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were purchased at an average cost 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. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Philip Austin Jr. Singleton acquired 3,334 shares of the company’s stock in a transaction on Thursday, August 22nd. The shares were purchased at an average cost of $23.04 per share, for a total transaction of $76,815.36. Following the acquisition, the chief executive officer now owns 613,517 shares of the company’s stock, valued at approximately $14,135,431.68. The disclosure for this purchase can be found here. Insiders have acquired 87,329 shares of company stock valued at $1,936,799 over the last quarter. 18.70% of the stock is owned by insiders.

OneWater Marine Stock Up 0.9 %

Shares of OneWater Marine stock opened at $22.55 on Tuesday. The business has a 50-day simple moving average of $24.56 and a 200-day simple moving average of $25.31. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35. OneWater Marine Inc. has a one year low of $20.00 and a one year high of $35.86.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $1.05 EPS for the quarter, missing the consensus estimate of $2.06 by ($1.01). OneWater Marine had a positive return on equity of 6.60% and a negative net margin of 5.16%. The firm had revenue of $542.44 million for the quarter, compared to analyst estimates of $600.20 million. During the same quarter last year, the firm earned $1.95 EPS. On average, sell-side analysts forecast that OneWater Marine Inc. will post 1.48 earnings per share for the current year.

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.