Bank of New York Mellon Corp Has $892,000 Holdings in OneWater Marine Inc. (NASDAQ:ONEW)

Bank of New York Mellon Corp lessened its position in OneWater Marine Inc. (NASDAQ:ONEW) by 21.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 51,324 shares of the company’s stock after selling 13,632 shares during the quarter. Bank of New York Mellon Corp’s holdings in OneWater Marine were worth $892,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its position in OneWater Marine by 332.5% in the 3rd quarter. FMR LLC now owns 4,308 shares of the company’s stock worth $103,000 after buying an additional 3,312 shares in the last quarter. Barclays PLC increased its stake in shares of OneWater Marine by 267.9% in the third quarter. Barclays PLC now owns 15,677 shares of the company’s stock worth $375,000 after acquiring an additional 11,416 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of OneWater Marine by 3.6% during the fourth quarter. Rhumbline Advisers now owns 19,420 shares of the company’s stock worth $338,000 after acquiring an additional 683 shares in the last quarter. De Lisle Partners LLP boosted its position in OneWater Marine by 7.4% during the third quarter. De Lisle Partners LLP now owns 58,043 shares of the company’s stock valued at $1,390,000 after purchasing an additional 4,000 shares during the last quarter. Finally, State Street Corp boosted its position in OneWater Marine by 0.5% during the third quarter. State Street Corp now owns 226,038 shares of the company’s stock valued at $5,405,000 after purchasing an additional 1,131 shares during the last quarter. Institutional investors and hedge funds own 94.32% of the company’s stock.

OneWater Marine Stock Down 0.7 %

Shares of NASDAQ ONEW opened at $17.70 on Wednesday. OneWater Marine Inc. has a 52-week low of $14.13 and a 52-week high of $31.36. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.25 and a current ratio of 1.24. The business has a fifty day moving average of $17.33 and a two-hundred day moving average of $19.74. The stock has a market cap of $288.74 million, a PE ratio of -24.58 and a beta of 2.59.

OneWater Marine (NASDAQ:ONEW) last posted its quarterly earnings data on Thursday, January 30th. The company reported ($0.54) EPS for the quarter, topping analysts’ consensus estimates of ($0.84) by $0.30. OneWater Marine had a positive return on equity of 3.09% and a negative net margin of 0.59%. As a group, equities research analysts expect that OneWater Marine Inc. will post 1.57 earnings per share for the current fiscal year.

Insider Activity at OneWater Marine

In other OneWater Marine news, CEO Philip Austin Jr. Singleton bought 15,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $15.40 per share, with a total value of $231,000.00. Following the completion of the purchase, the chief executive officer now owns 682,368 shares in the company, valued at approximately $10,508,467.20. The trade was a 2.25 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 20.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

ONEW has been the topic of several recent research reports. Stifel Nicolaus cut their price objective on shares of OneWater Marine from $31.00 to $25.00 and set a “buy” rating on the stock in a research report on Wednesday, January 15th. KeyCorp lowered their price objective on OneWater Marine from $27.00 to $22.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, Truist Financial reduced their target price on OneWater Marine from $30.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, OneWater Marine has an average rating of “Moderate Buy” and an average price target of $23.75.

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.