OneWater Marine (NASDAQ:ONEW) Given New $55.00 Price Target at Raymond James

OneWater Marine (NASDAQ:ONEWGet Rating) had its target price lowered by Raymond James from $76.00 to $55.00 in a research note released on Wednesday morning, The Fly reports.

A number of other equities analysts have also recently issued reports on ONEW. DA Davidson started coverage on OneWater Marine in a report on Thursday, September 29th. They issued a neutral rating and a $35.00 target price on the stock. KeyCorp increased their target price on OneWater Marine from $40.00 to $43.00 and gave the stock an overweight rating in a report on Thursday, August 11th. Stifel Nicolaus cut their target price on OneWater Marine from $45.00 to $42.00 in a report on Thursday, October 20th. Finally, Truist Financial cut their target price on OneWater Marine from $45.00 to $42.00 and set a buy rating on the stock in a report on Wednesday, October 5th.

OneWater Marine Price Performance

Shares of ONEW opened at $32.11 on Wednesday. OneWater Marine has a 12-month low of $28.23 and a 12-month high of $62.79. The business’s fifty day moving average is $32.26 and its 200 day moving average is $34.54. The company has a quick ratio of 0.59, a current ratio of 1.23 and a debt-to-equity ratio of 0.75. The stock has a market cap of $490.64 million, a P/E ratio of 3.52 and a beta of 2.51.

Institutional Investors Weigh In On OneWater Marine

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. raised its position in OneWater Marine by 12.6% in the 1st quarter. American Century Companies Inc. now owns 1,657,857 shares of the company’s stock valued at $57,113,000 after buying an additional 184,869 shares during the last quarter. BlackRock Inc. increased its position in shares of OneWater Marine by 1.8% during the 3rd quarter. BlackRock Inc. now owns 742,306 shares of the company’s stock valued at $22,350,000 after purchasing an additional 12,994 shares during the last quarter. Vanguard Group Inc. increased its position in shares of OneWater Marine by 9.9% during the 1st quarter. Vanguard Group Inc. now owns 546,326 shares of the company’s stock valued at $18,820,000 after purchasing an additional 49,084 shares during the last quarter. General Equity Holdings LP increased its position in shares of OneWater Marine by 4.8% during the 1st quarter. General Equity Holdings LP now owns 449,079 shares of the company’s stock valued at $15,471,000 after purchasing an additional 20,400 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of OneWater Marine by 10.8% during the 3rd quarter. Royce & Associates LP now owns 394,821 shares of the company’s stock valued at $11,888,000 after purchasing an additional 38,405 shares during the last quarter. 60.27% of the stock is owned by hedge funds and other institutional investors.

About OneWater Marine

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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 also 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, as well as rental of boats and personal watercraft.

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