OneWater Marine Inc. (NASDAQ:ONEW) Shares Bought by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its position in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 319.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,097 shares of the company’s stock after buying an additional 1,597 shares during the quarter. Tower Research Capital LLC TRC’s holdings in OneWater Marine were worth $71,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Point72 Hong Kong Ltd purchased a new stake in OneWater Marine in the 1st quarter worth approximately $25,000. GAMMA Investing LLC acquired a new stake in OneWater Marine in the 4th quarter worth about $29,000. UBS Group AG purchased a new stake in OneWater Marine in the 2nd quarter valued at about $43,000. Credit Suisse AG acquired a new position in shares of OneWater Marine during the 2nd quarter valued at about $44,000. Finally, Lazard Asset Management LLC purchased a new position in shares of OneWater Marine during the 2nd quarter worth about $53,000. Institutional investors and hedge funds own 94.32% of the company’s stock.

OneWater Marine Stock Down 1.2 %

Shares of NASDAQ:ONEW traded down $0.32 during midday trading on Friday, reaching $25.60. The company had a trading volume of 91,482 shares, compared to its average volume of 69,794. The stock has a market capitalization of $408.83 million, a P/E ratio of -6.61 and a beta of 2.49. The stock’s fifty day moving average price is $25.86 and its 200-day moving average price is $26.76. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.27 and a quick ratio of 0.26. OneWater Marine Inc. has a one year low of $21.78 and a one year high of $39.15.

OneWater Marine (NASDAQ:ONEW) last announced its quarterly earnings data on Thursday, February 1st. The company reported ($0.38) earnings per share for the quarter, missing the consensus estimate of ($0.30) by ($0.08). OneWater Marine had a negative net margin of 2.83% and a positive return on equity of 11.55%. The firm had revenue of $364.01 million during the quarter, compared to the consensus estimate of $370.33 million. Equities research analysts expect that OneWater Marine Inc. will post 3.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ONEW has been the subject of several research analyst reports. KeyCorp upped their price target on shares of OneWater Marine from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Friday, January 12th. DA Davidson reiterated a “neutral” rating and issued a $27.00 target price on shares of OneWater Marine in a report on Friday, March 15th. Truist Financial dropped their price target on OneWater Marine from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, February 2nd. Finally, Stifel Nicolaus raised their price target on shares of OneWater Marine from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, January 17th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $32.40.

OneWater Marine 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.