First Eagle Investment Management LLC Invests $588,000 in OneWater Marine Inc. (NASDAQ:ONEW)

First Eagle Investment Management LLC purchased a new stake in shares of OneWater Marine Inc. (NASDAQ:ONEW) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 33,825 shares of the company’s stock, valued at approximately $588,000. First Eagle Investment Management LLC owned approximately 0.21% of OneWater Marine as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ONEW. FMR LLC boosted its holdings in shares of OneWater Marine by 332.5% during the 3rd quarter. FMR LLC now owns 4,308 shares of the company’s stock valued at $103,000 after buying an additional 3,312 shares in the last quarter. De Lisle Partners LLP increased its stake in shares of 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 in the last quarter. State Street Corp lifted its holdings in shares of 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. Barclays PLC boosted its position in shares of OneWater Marine by 267.9% in the 3rd quarter. Barclays PLC now owns 15,677 shares of the company’s stock worth $375,000 after purchasing an additional 11,416 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of OneWater Marine by 11.4% in the 3rd quarter. Geode Capital Management LLC now owns 293,831 shares of the company’s stock worth $7,028,000 after buying an additional 29,952 shares during the last quarter. 94.32% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ONEW has been the subject of a number of recent research reports. Truist Financial lowered their price objective on OneWater Marine from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. KeyCorp dropped their price target on shares of OneWater Marine from $27.00 to $22.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 8th. DA Davidson reduced their price objective on shares of OneWater Marine from $27.00 to $23.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Finally, Stifel Nicolaus dropped their target price on shares of OneWater Marine from $31.00 to $25.00 and set a “buy” rating on the stock in a research note on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.75.

Insider Activity

In other OneWater Marine news, CEO Philip Austin Jr. Singleton acquired 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $15.40 per share, with a total value of $231,000.00. Following the completion of the acquisition, the chief executive officer now owns 682,368 shares in the company, valued at $10,508,467.20. This represents a 2.25 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 20.30% of the company’s stock.

OneWater Marine Price Performance

NASDAQ ONEW opened at $16.10 on Monday. OneWater Marine Inc. has a one year low of $14.13 and a one year high of $31.36. The stock has a 50-day moving average of $17.10 and a 200 day moving average of $20.03. 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 company has a market capitalization of $262.64 million, a price-to-earnings ratio of -22.36 and a beta of 2.59.

OneWater Marine (NASDAQ:ONEW) last released its quarterly earnings data on Thursday, January 30th. The company reported ($0.54) earnings per share for the quarter, beating the consensus estimate of ($0.84) by $0.30. OneWater Marine had a negative net margin of 0.59% and a positive return on equity of 3.09%. On average, sell-side analysts forecast that OneWater Marine Inc. will post 1.57 EPS for the current year.

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.