GAMMA Investing LLC Makes New Investment in OneWater Marine Inc. (NASDAQ:ONEW)

GAMMA Investing LLC acquired a new stake in shares of OneWater Marine Inc. (NASDAQ:ONEW) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 848 shares of the company’s stock, valued at approximately $29,000.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in OneWater Marine during the third quarter valued at approximately $127,000. Bank of New York Mellon Corp lifted its position in shares of OneWater Marine by 1.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 92,289 shares of the company’s stock valued at $2,364,000 after acquiring an additional 1,108 shares during the last quarter. Private Management Group Inc. boosted its stake in shares of OneWater Marine by 13.3% during the 3rd quarter. Private Management Group Inc. now owns 589,661 shares of the company’s stock worth $15,107,000 after acquiring an additional 69,411 shares in the last quarter. Brandywine Global Investment Management LLC grew its holdings in shares of OneWater Marine by 13.4% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 42,533 shares of the company’s stock worth $1,090,000 after acquiring an additional 5,031 shares during the last quarter. Finally, MTM Investment Management LLC acquired a new stake in shares of OneWater Marine during the fourth quarter worth $217,000. Institutional investors and hedge funds own 94.32% of the company’s stock.

OneWater Marine Stock Performance

Shares of ONEW opened at $23.26 on Tuesday. The company has a market capitalization of $371.46 million, a PE ratio of -4.08 and a beta of 2.55. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.26 and a current ratio of 1.27. The company’s 50 day moving average price is $24.93 and its 200 day moving average price is $26.62. OneWater Marine Inc. has a 52 week low of $20.07 and a 52 week high of $39.15.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ONEW shares. DA Davidson reissued a “neutral” rating and issued a $27.00 price target on shares of OneWater Marine in a research note on Friday, March 15th. KeyCorp dropped their target price on shares of OneWater Marine from $34.00 to $30.00 and set an “overweight” rating on the stock in a research report on Friday. Truist Financial reduced their price target on shares of OneWater Marine from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 2nd. Finally, Stifel Nicolaus lifted their price objective on shares of OneWater Marine from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.60.

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.