Barclays PLC Increases Stock Position in OneWater Marine Inc. (NASDAQ:ONEW)

Barclays PLC boosted its stake in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 267.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,677 shares of the company’s stock after purchasing an additional 11,416 shares during the period. Barclays PLC’s holdings in OneWater Marine were worth $375,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Royce & Associates LP raised its stake in OneWater Marine by 9.7% during the 3rd quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock valued at $39,150,000 after buying an additional 144,926 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in OneWater Marine by 6.0% in the second 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 during the period. Private Management Group Inc. lifted its holdings in OneWater Marine by 3.2% in the second quarter. Private Management Group Inc. now owns 626,464 shares of the company’s stock valued at $17,272,000 after acquiring an additional 19,222 shares during the period. SG Americas Securities LLC bought a new stake in shares of OneWater Marine during the 3rd quarter valued at about $119,000. Finally, Bank of New York Mellon Corp increased its position in shares of OneWater Marine by 6.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 74,792 shares of the company’s stock valued at $2,062,000 after purchasing an additional 4,539 shares during the last quarter. Hedge funds and other institutional investors own 94.32% of the company’s stock.

OneWater Marine Stock Down 0.7 %

Shares of ONEW stock opened at $17.05 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. OneWater Marine Inc. has a one year low of $16.67 and a one year high of $31.94. The company’s fifty day moving average price is $20.93 and its 200-day moving average price is $23.17. The company has a market capitalization of $277.16 million, a price-to-earnings ratio of -42.62 and a beta of 2.55.

Analysts Set New Price Targets

A number of research firms recently issued reports on ONEW. Stifel Nicolaus dropped their price objective on shares of OneWater Marine from $34.00 to $31.00 and set a “buy” rating on the stock in a report on Friday, November 15th. DA Davidson cut their price objective on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a research report on Monday, November 18th. KeyCorp lowered their target price on OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a research report on Friday, November 15th. Finally, Benchmark restated a “hold” rating on shares of OneWater Marine in a research 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.00.

Insiders Place Their Bets

In related news, CEO Philip Austin Jr. Singleton purchased 13,000 shares of OneWater Marine stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $18.60 per share, for a total transaction of $241,800.00. Following the acquisition, the chief executive officer now owns 667,368 shares in the company, valued at approximately $12,413,044.80. The trade was a 1.99 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director J Steven Roy acquired 2,500 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $19.05 per share, with a total value of $47,625.00. Following the acquisition, the director now directly owns 20,760 shares in the company, valued at approximately $395,478. The trade was a 13.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 28,485 shares of company stock worth $543,089. Corporate insiders own 18.70% of the company’s stock.

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.