Royce & Associates LP boosted its holdings in shares of MarineMax, Inc. (NYSE:HZO – Get Rating) by 7.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 29,317 shares of the specialty retailer’s stock after buying an additional 1,984 shares during the period. Royce & Associates LP’s holdings in MarineMax were worth $1,180,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of the business. Point72 Hong Kong Ltd increased its position in MarineMax by 191.8% in the 4th quarter. Point72 Hong Kong Ltd now owns 642 shares of the specialty retailer’s stock worth $38,000 after purchasing an additional 422 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in MarineMax by 91.6% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,341 shares of the specialty retailer’s stock worth $54,000 after purchasing an additional 641 shares during the last quarter. Counterpoint Mutual Funds LLC acquired a new position in MarineMax in the 1st quarter worth about $83,000. Lazard Asset Management LLC increased its position in MarineMax by 16.8% in the 4th quarter. Lazard Asset Management LLC now owns 1,610 shares of the specialty retailer’s stock worth $95,000 after purchasing an additional 232 shares during the last quarter. Finally, Spearhead Capital Advisors LLC acquired a new position in MarineMax in the 1st quarter worth about $207,000. 97.68% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
HZO has been the topic of several research reports. B. Riley lowered MarineMax from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $84.00 to $44.00 in a research report on Tuesday, June 21st. DA Davidson initiated coverage on MarineMax in a research report on Tuesday, April 26th. They issued a “buy” rating and a $48.00 target price on the stock. Northcoast Research reiterated a “buy” rating on shares of MarineMax in a research note on Tuesday, May 17th. Finally, Citigroup decreased their price target on MarineMax from $52.00 to $42.00 and set a “neutral” rating for the company in a research note on Tuesday, April 19th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, MarineMax has an average rating of “Moderate Buy” and a consensus price target of $51.60.
MarineMax Stock Performance
MarineMax (NYSE:HZO – Get Rating) last announced its earnings results on Thursday, July 28th. The specialty retailer reported $3.17 earnings per share for the quarter, beating the consensus estimate of $3.08 by $0.09. MarineMax had a return on equity of 29.10% and a net margin of 8.62%. The firm had revenue of $688.50 million during the quarter, compared to the consensus estimate of $768.21 million. During the same quarter in the prior year, the company earned $2.59 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that MarineMax, Inc. will post 8.29 earnings per share for the current fiscal year.
MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, pontoon boats, ski boats, jet boats, and other recreational boats.
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