State Street Corp Has $5.41 Million Stake in OneWater Marine Inc. (NASDAQ:ONEW)

State Street Corp grew its position in OneWater Marine Inc. (NASDAQ:ONEW) by 0.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 226,038 shares of the company’s stock after purchasing an additional 1,131 shares during the period. State Street Corp’s holdings in OneWater Marine were worth $5,405,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in OneWater Marine by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock valued at $11,892,000 after acquiring an additional 24,364 shares in the last quarter. Royce & Associates LP raised 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. Bfsg LLC raised its holdings 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 last quarter. FMR LLC lifted its position in shares of OneWater Marine by 332.5% in 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 in the last quarter. Finally, Rhumbline Advisers boosted its holdings in OneWater Marine by 5.4% during the second quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock worth $531,000 after purchasing an additional 994 shares during the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Philip Austin Jr. Singleton acquired 13,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost of $18.60 per share, with a total value of $241,800.00. Following the completion of the transaction, the chief executive officer now directly owns 667,368 shares of the company’s stock, valued at $12,413,044.80. This trade represents a 1.99 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director J Steven Roy bought 2,500 shares of the business’s stock in a transaction dated Wednesday, November 20th. The shares were bought at an average price of $19.05 per share, with a total value of $47,625.00. Following the purchase, the director now owns 20,760 shares in the company, valued at $395,478. The trade was a 13.69 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 28,485 shares of company stock worth $543,089. Company insiders own 18.70% of the company’s stock.

OneWater Marine Stock Down 4.6 %

OneWater Marine stock opened at $17.74 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.28 and a quick ratio of 0.35. The company’s 50-day moving average is $21.24 and its 200-day moving average is $23.43. The firm has a market capitalization of $288.38 million, a PE ratio of -44.35 and a beta of 2.55. OneWater Marine Inc. has a fifty-two week low of $17.20 and a fifty-two week high of $34.90.

Analysts Set New Price Targets

Several equities research analysts have issued reports on ONEW shares. KeyCorp lowered their price target on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a research note on Friday, November 15th. DA Davidson lowered their target price on OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a research report on Monday, November 18th. Stifel Nicolaus reduced their price target on OneWater Marine from $34.00 to $31.00 and set a “buy” rating for the company in a research report on Friday, November 15th. Finally, Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research report 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, the company has an average rating of “Moderate Buy” and a consensus target price of $29.00.

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.