OneWater Marine Inc. $ONEW Shares Sold by Gilder Gagnon Howe & Co. LLC

Gilder Gagnon Howe & Co. LLC reduced its stake in OneWater Marine Inc. (NASDAQ:ONEW) by 13.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 862,085 shares of the company’s stock after selling 134,264 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned approximately 0.05% of OneWater Marine worth $11,543,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. AlphaQuest LLC raised its holdings in shares of OneWater Marine by 20.8% during the 2nd quarter. AlphaQuest LLC now owns 8,097 shares of the company’s stock worth $108,000 after acquiring an additional 1,392 shares during the period. Russell Investments Group Ltd. increased its position in OneWater Marine by 4.3% during the second quarter. Russell Investments Group Ltd. now owns 123,400 shares of the company’s stock worth $1,652,000 after purchasing an additional 5,045 shares during the last quarter. Goldman Sachs Group Inc. increased its position in OneWater Marine by 8.2% during the first quarter. Goldman Sachs Group Inc. now owns 101,291 shares of the company’s stock worth $1,639,000 after purchasing an additional 7,659 shares during the last quarter. Raymond James Financial Inc. raised its stake in OneWater Marine by 94.7% during the second quarter. Raymond James Financial Inc. now owns 20,948 shares of the company’s stock worth $280,000 after purchasing an additional 10,189 shares during the period. Finally, Private Management Group Inc. boosted its holdings in OneWater Marine by 2.1% in the 2nd quarter. Private Management Group Inc. now owns 595,511 shares of the company’s stock valued at $7,974,000 after purchasing an additional 12,504 shares during the last quarter. 94.32% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at OneWater Marine

In other news, CEO Philip Austin Jr. Singleton bought 3,654 shares of the business’s stock in a transaction on Friday, September 19th. The shares were bought at an average price of $15.37 per share, with a total value of $56,161.98. Following the completion of the transaction, the chief executive officer directly owned 712,244 shares in the company, valued at $10,947,190.28. This trade represents a 0.52% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.30% of the stock is currently owned by insiders.

OneWater Marine Stock Performance

Shares of ONEW stock opened at $11.54 on Friday. The firm’s 50 day moving average price is $13.83 and its 200-day moving average price is $14.86. The company has a debt-to-equity ratio of 0.97, a quick ratio of 0.37 and a current ratio of 1.23. OneWater Marine Inc. has a one year low of $10.32 and a one year high of $21.40. The firm has a market cap of $188.91 million, a P/E ratio of -1.63 and a beta of 1.63.

Analyst Ratings Changes

ONEW has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of OneWater Marine in a research note on Wednesday, October 8th. Truist Financial upped their price objective on OneWater Marine from $16.00 to $18.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. KeyCorp lowered their price objective on OneWater Marine from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, November 14th. Benchmark restated a “hold” rating on shares of OneWater Marine in a research report on Friday, November 14th. Finally, Zacks Research lowered OneWater Marine from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 28th. Three equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.00.

OneWater Marine Company 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.