OneWater Marine (NASDAQ:ONEW) Shares Down 2.1% – Here’s What Happened

OneWater Marine Inc. (NASDAQ:ONEW) dropped 2.1% on Thursday . The company traded as low as $10.78 and last traded at $10.98. Approximately 134,839 shares changed hands during mid-day trading, an increase of 59% from the average daily volume of 84,868 shares. The stock had previously closed at $11.21.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ONEW shares. Weiss Ratings upgraded OneWater Marine from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, August 11th. Truist Financial dropped their target price on shares of OneWater Marine from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Monday, July 6th. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $13.33.

OneWater Marine Stock Down 2.1%

The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.34 and a current ratio of 1.22. The company has a market cap of $183.04 million, a P/E ratio of -1.47 and a beta of 1.53. The business’s fifty day moving average is $12.08 and its two-hundred day moving average is $11.07.

OneWater Marine (NASDAQ:ONEW) last issued its earnings results on Thursday, July 30th. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.02). OneWater Marine had a positive return on equity of 2.20% and a negative net margin of 6.72%.The business had revenue of $530.71 million for the quarter, compared to the consensus estimate of $553.73 million. OneWater Marine has set its FY 2026 guidance at 0.350-0.550 EPS. Equities analysts predict that OneWater Marine Inc. will post 0.35 EPS for the current year.

Hedge Funds Weigh In On OneWater Marine

Institutional investors have recently bought and sold shares of the business. AQR Capital Management LLC purchased a new stake in OneWater Marine in the 1st quarter worth $345,000. Goldman Sachs Group Inc. raised its stake in OneWater Marine by 8.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 101,291 shares of the company’s stock valued at $1,639,000 after purchasing an additional 7,659 shares during the last quarter. Marshall Wace LLP boosted its position in OneWater Marine by 290.9% during the second quarter. Marshall Wace LLP now owns 92,042 shares of the company’s stock worth $1,232,000 after acquiring an additional 68,494 shares during the last quarter. Raymond James Financial Inc. raised its holdings in OneWater Marine by 94.7% in the 2nd quarter. Raymond James Financial Inc. now owns 20,948 shares of the company’s stock valued at $280,000 after acquiring an additional 10,189 shares during the last quarter. Finally, Jane Street Group LLC lifted its stake in OneWater Marine by 126.6% in the 2nd quarter. Jane Street Group LLC now owns 25,831 shares of the company’s stock worth $346,000 after purchasing an additional 122,976 shares in the last quarter. 94.32% of the stock is owned by hedge funds and other institutional investors.

OneWater Marine Company Profile

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.