Broad Bay Capital Management LP Sells 91,360 Shares of MarineMax, Inc. (NYSE:HZO)

Broad Bay Capital Management LP lessened its holdings in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 11.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 688,006 shares of the specialty retailer's stock after selling 91,360 shares during the period. MarineMax accounts for about 2.4% of Broad Bay Capital Management LP's portfolio, making the stock its 16th largest position. Broad Bay Capital Management LP owned 3.03% of MarineMax worth $19,918,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HZO. Oliver Luxxe Assets LLC bought a new position in shares of MarineMax in the 4th quarter valued at about $1,316,000. Invesco Ltd. lifted its holdings in MarineMax by 17.3% in the fourth quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer's stock valued at $10,060,000 after buying an additional 51,352 shares during the period. Raymond James Financial Inc. bought a new position in MarineMax in the fourth quarter valued at approximately $572,000. Acuitas Investments LLC grew its holdings in MarineMax by 9.3% during the 4th quarter. Acuitas Investments LLC now owns 83,800 shares of the specialty retailer's stock worth $2,426,000 after acquiring an additional 7,131 shares during the period. Finally, SWS Partners acquired a new position in shares of MarineMax in the 4th quarter valued at $595,000. 92.85% of the stock is owned by institutional investors.

MarineMax Stock Down 0.9 %

Shares of NYSE HZO traded down $0.20 during midday trading on Wednesday, reaching $21.01. The company's stock had a trading volume of 332,271 shares, compared to its average volume of 304,553. The stock has a 50 day simple moving average of $21.53 and a 200-day simple moving average of $26.79. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $451.19 million, a price-to-earnings ratio of 8.83 and a beta of 1.69. MarineMax, Inc. has a fifty-two week low of $16.85 and a fifty-two week high of $38.20.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. The firm had revenue of $631.52 million for the quarter, compared to analysts' expectations of $580.12 million. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.18 EPS. Equities research analysts predict that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Analysts Set New Price Targets

HZO has been the subject of a number of recent analyst reports. B. Riley upgraded MarineMax to a "strong-buy" rating in a report on Wednesday, February 12th. Benchmark reissued a "buy" rating and set a $40.00 price objective on shares of MarineMax in a research note on Friday, January 24th. Truist Financial lowered their target price on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, April 14th. DA Davidson reduced their price target on shares of MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. Finally, StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a research report 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 issued a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Buy" and an average price target of $38.50.

MarineMax Company Profile

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.