OneWater Marine (NASDAQ:ONEW) Rating Reiterated by Benchmark

Benchmark reaffirmed their hold rating on shares of OneWater Marine (NASDAQ:ONEW) in a report published on Wednesday morning, Benzinga reports.

Separately, KeyCorp reduced their price objective on OneWater Marine from $34.00 to $30.00 and set an overweight rating on the stock in a research note on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $31.40.

OneWater Marine Stock Performance

ONEW opened at $22.30 on Wednesday. The stock has a market cap of $357.25 million, a PE ratio of -3.91 and a beta of 2.58. The company has a current ratio of 1.21, a quick ratio of 0.30 and a debt-to-equity ratio of 1.07. OneWater Marine has a 1 year low of $20.07 and a 1 year high of $35.86. The stock’s 50 day simple moving average is $27.24 and its 200-day simple moving average is $26.12.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings results on Tuesday, July 30th. The company reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $2.06 by ($1.01). OneWater Marine had a negative net margin of 5.16% and a positive return on equity of 6.63%. The company had revenue of $542.44 million during the quarter, compared to the consensus estimate of $600.20 million. During the same quarter last year, the company earned $1.95 earnings per share. Sell-side analysts forecast that OneWater Marine will post 1.48 EPS for the current year.

Hedge Funds Weigh In On OneWater Marine

Large investors have recently made changes to their positions in the company. Breach Inlet Capital Management LLC acquired a new position in shares of OneWater Marine during the fourth quarter valued at $8,781,000. Hotchkis & Wiley Capital Management LLC lifted its stake 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 valued at $13,483,000 after acquiring an additional 3,770 shares during the period. SG Americas Securities LLC lifted its stake in shares of OneWater Marine by 27.3% during the fourth quarter. SG Americas Securities LLC now owns 6,297 shares of the company’s stock valued at $213,000 after acquiring an additional 1,350 shares during the period. Russell Investments Group Ltd. lifted its stake in OneWater Marine by 17.2% in the fourth quarter. Russell Investments Group Ltd. now owns 112,831 shares of the company’s stock valued at $3,813,000 after buying an additional 16,528 shares during the period. Finally, Bfsg LLC acquired a new position in OneWater Marine in the fourth quarter valued at about $171,000. 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.