Empowered Funds LLC Cuts Stock Position in OneWater Marine Inc. (NASDAQ:ONEW)

Empowered Funds LLC trimmed its holdings in shares of OneWater Marine Inc. (NASDAQ:ONEW) by 81.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,786 shares of the company’s stock after selling 43,022 shares during the period. Empowered Funds LLC’s holdings in OneWater Marine were worth $234,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ONEW. Dimensional Fund Advisors LP lifted its stake in shares of OneWater Marine by 6.0% during the second quarter. Dimensional Fund Advisors LP now owns 431,355 shares of the company’s stock worth $11,892,000 after purchasing an additional 24,364 shares in the last quarter. Royce & Associates LP raised its holdings in shares of OneWater Marine by 9.7% during the 3rd quarter. Royce & Associates LP now owns 1,637,378 shares of the company’s stock valued at $39,150,000 after buying an additional 144,926 shares during the period. Bfsg LLC lifted its position in OneWater Marine by 12.2% during the 3rd quarter. Bfsg LLC now owns 5,186 shares of the company’s stock worth $124,000 after acquiring an additional 565 shares in the last quarter. Vanguard Group Inc. boosted its holdings in OneWater Marine by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 581,355 shares of the company’s stock worth $16,365,000 after acquiring an additional 11,227 shares during the period. Finally, Rhumbline Advisers boosted its holdings in OneWater Marine by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 19,253 shares of the company’s stock worth $531,000 after acquiring an additional 994 shares during the period. 94.32% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ONEW shares. DA Davidson dropped their price objective on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Benchmark reaffirmed a “hold” rating on shares of OneWater Marine in a research note on Friday, November 15th. KeyCorp cut their price objective on shares of OneWater Marine from $29.00 to $27.00 and set an “overweight” rating on the stock in a report on Friday, November 15th. Finally, Stifel Nicolaus lowered their target price on OneWater Marine from $34.00 to $31.00 and set a “buy” rating for the company in a research note on Friday, November 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

Insiders Place Their Bets

In other news, CEO Philip Austin Jr. Singleton bought 6,700 shares of OneWater Marine stock in a transaction on Thursday, September 5th. The shares were bought at an average price of $22.39 per share, with a total value of $150,013.00. Following the acquisition, the chief executive officer now directly owns 620,217 shares in the company, valued at approximately $13,886,658.63. This represents a 1.09 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Anthony M. Aisquith bought 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was purchased at an average price of $21.25 per share, with a total value of $106,250.00. Following the transaction, the chief operating officer now owns 729,316 shares in the company, valued at approximately $15,497,965. This represents a 0.69 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 31,139 shares of company stock valued at $644,493 in the last ninety days. Corporate insiders own 18.70% of the company’s stock.

OneWater Marine Stock Down 4.7 %

Shares of NASDAQ:ONEW opened at $21.53 on Wednesday. The firm has a market cap of $345.77 million, a PE ratio of -53.82 and a beta of 2.58. The company has a fifty day simple moving average of $22.44 and a 200 day simple moving average of $24.48. The company has a current ratio of 1.29, a quick ratio of 0.35 and a debt-to-equity ratio of 1.04. OneWater Marine Inc. has a 12-month low of $18.55 and a 12-month high of $35.86.

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.