KeyCorp Cuts OneWater Marine (NASDAQ:ONEW) Price Target to $27.00

OneWater Marine (NASDAQ:ONEW) had its price objective decreased by equities researchers at KeyCorp from $29.00 to $27.00 in a report issued on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 27.18% from the stock’s previous close.

Separately, Benchmark restated a “hold” rating on shares of OneWater Marine in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $30.75.

OneWater Marine Stock Performance

NASDAQ ONEW opened at $21.23 on Friday. The business has a 50 day moving average price of $22.71 and a 200 day moving average price of $24.58. The company has a market capitalization of $340.95 million, a P/E ratio of -3.19 and a beta of 2.58. OneWater Marine has a 1-year low of $20.00 and a 1-year high of $35.86. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.29 and a quick ratio of 0.35.

Insider Buying and Selling

In other news, COO Anthony M. Aisquith bought 5,000 shares of OneWater Marine stock in a transaction dated Tuesday, September 10th. The shares were acquired at an average cost of $21.25 per share, with a total value of $106,250.00. Following the completion of the transaction, the chief operating officer now owns 729,316 shares in the company, valued at approximately $15,497,965. This trade represents a 0.69 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Philip Austin Jr. Singleton acquired 3,334 shares of the stock in a transaction on Thursday, August 22nd. The shares were acquired at an average price of $23.04 per share, with a total value of $76,815.36. Following the purchase, the chief executive officer now owns 613,517 shares in the company, valued at $14,135,431.68. This represents a 0.55 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 20,034 shares of company stock valued at $441,828. 18.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ONEW. Bfsg LLC boosted its holdings in OneWater Marine by 12.2% in the third quarter. Bfsg LLC now owns 5,186 shares of the company’s stock worth $124,000 after purchasing an additional 565 shares during the period. Rhumbline Advisers lifted its position in shares of 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 buying an additional 994 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of OneWater Marine by 1.1% in the 2nd quarter. Sei Investments Co. now owns 190,182 shares of the company’s stock valued at $5,243,000 after buying an additional 2,124 shares during the period. FMR LLC grew its position in shares of OneWater Marine by 332.5% during the 3rd quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after buying an additional 3,312 shares during the last quarter. Finally, De Lisle Partners LLP raised its stake in OneWater Marine by 7.4% during the third quarter. De Lisle Partners LLP now owns 58,043 shares of the company’s stock worth $1,390,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 94.32% of the company’s stock.

About OneWater Marine

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.