MarineMax, Inc. (NYSE:HZO) Shares Sold by Barclays PLC

Barclays PLC lowered its position in MarineMax, Inc. (NYSE:HZO - Free Report) by 36.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 59,315 shares of the specialty retailer's stock after selling 33,478 shares during the quarter. Barclays PLC owned about 0.26% of MarineMax worth $1,717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Eagle Investment Management LLC purchased a new stake in shares of MarineMax in the 4th quarter valued at $3,126,000. CenterBook Partners LP boosted its stake in shares of MarineMax by 109.6% in the fourth quarter. CenterBook Partners LP now owns 173,880 shares of the specialty retailer's stock valued at $5,034,000 after purchasing an additional 90,915 shares during the period. American Century Companies Inc. grew its holdings in shares of MarineMax by 2.8% in the fourth quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer's stock valued at $58,840,000 after purchasing an additional 55,592 shares in the last quarter. Sei Investments Co. increased its stake in MarineMax by 19.5% during the 4th quarter. Sei Investments Co. now owns 339,291 shares of the specialty retailer's stock worth $9,822,000 after buying an additional 55,259 shares during the period. Finally, Invesco Ltd. lifted its holdings in MarineMax by 17.3% during the 4th quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer's stock worth $10,060,000 after buying an additional 51,352 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Stock Performance

Shares of HZO traded down $0.04 during midday trading on Wednesday, reaching $21.18. 172,010 shares of the stock were exchanged, compared to its average volume of 303,490. MarineMax, Inc. has a twelve month low of $16.85 and a twelve month high of $38.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. The company has a market capitalization of $454.69 million, a price-to-earnings ratio of 8.87 and a beta of 1.68. The business's 50-day moving average price is $21.61 and its 200 day moving average price is $26.83.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.16 by $0.07. The company had revenue of $631.52 million during the quarter, compared to analysts' expectations of $580.12 million. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 earnings per share. On average, sell-side analysts expect that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HZO. DA Davidson reduced their price objective on MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. B. Riley upgraded shares of MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. Benchmark reiterated a "buy" rating and set a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. Truist Financial reduced their price objective on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a research note on Friday, January 24th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MarineMax has a consensus rating of "Buy" and a consensus target price of $38.50.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in 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, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.