OneWater Marine Inc. $ONEW Shares Sold by Capital World Investors

Capital World Investors lessened its position in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 69.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 229,256 shares of the company’s stock after selling 525,549 shares during the period. Capital World Investors’ holdings in OneWater Marine were worth $2,481,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ONEW. BNP Paribas Financial Markets raised its stake in shares of OneWater Marine by 94.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,872 shares of the company’s stock worth $45,000 after buying an additional 1,395 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of OneWater Marine in the fourth quarter valued at about $82,000. JPMorgan Chase & Co. lifted its holdings in shares of OneWater Marine by 50.0% in the third quarter. JPMorgan Chase & Co. now owns 8,129 shares of the company’s stock valued at $129,000 after purchasing an additional 2,710 shares in the last quarter. Occudo Quantitative Strategies LP purchased a new stake in shares of OneWater Marine in the third quarter valued at about $192,000. Finally, Two Sigma Investments LP purchased a new stake in shares of OneWater Marine in the third quarter valued at about $219,000. Institutional investors and hedge funds own 94.32% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ONEW. Robert W. Baird set a $13.00 price target on shares of OneWater Marine in a report on Friday, May 1st. KeyCorp reduced their price target on shares of OneWater Marine from $16.00 to $14.00 and set an “overweight” rating on the stock in a report on Friday, May 1st. Weiss Ratings downgraded shares of OneWater Marine from a “sell (d-)” rating to a “sell (e+)” rating in a report on Friday, May 22nd. Finally, Truist Financial reduced their price target on shares of OneWater Marine from $17.00 to $15.00 and set a “buy” rating on the stock in a report on Monday, April 27th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, OneWater Marine currently has a consensus rating of “Hold” and an average price target of $14.00.

OneWater Marine Stock Down 1.2%

ONEW opened at $10.48 on Thursday. The company has a quick ratio of 0.29, a current ratio of 1.16 and a debt-to-equity ratio of 1.23. The firm has a market cap of $174.16 million, a P/E ratio of -1.40 and a beta of 1.53. OneWater Marine Inc. has a 52 week low of $8.12 and a 52 week high of $17.92. The business’s fifty day simple moving average is $10.60 and its 200 day simple moving average is $11.23.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings data on Thursday, April 30th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.43). The company had revenue of $442.29 million for the quarter, compared to analyst estimates of $477.30 million. OneWater Marine had a negative net margin of 6.69% and a positive return on equity of 2.22%. OneWater Marine has set its FY 2026 guidance at 0.200-0.700 EPS. As a group, equities research analysts anticipate that OneWater Marine Inc. will post 0.58 EPS for the current fiscal year.

Insider Activity

In related news, Chairman Philip Austin Jr. Singleton acquired 21,930 shares of the business’s stock in a transaction dated Tuesday, May 5th. The shares were acquired at an average cost of $10.88 per share, for a total transaction of $238,598.40. Following the acquisition, the chairman directly owned 801,816 shares in the company, valued at approximately $8,723,758.08. The trade was a 2.81% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John Troiano sold 27,844 shares of the firm’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $12.07, for a total value of $336,077.08. Following the completion of the transaction, the director owned 41,438 shares in the company, valued at approximately $500,156.66. This trade represents a 40.19% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 19.50% of the company’s stock.

About OneWater Marine

OneWater Marine Inc (NASDAQ: ONEW) is a leading U.S.-based recreational boat retailer offering a comprehensive range of marine products and services. Since its public debut in 2018, the company has built a broad network of locations that serve both coastal and inland markets. OneWater Marine focuses on delivering a full-service customer experience, from initial boat selection to long-term maintenance and support.

Through its dealership network, OneWater Marine markets new and pre-owned powerboats and personal watercraft from top manufacturers.