American Century Companies Inc. Grows Position in MarineMax, Inc. $HZO

Key Points

• American Century Companies Inc. increased its stake in MarineMax, Inc. by 2.7% during Q1, owning 9.72% of the company, valued at approximately $44.86 million.
• The company's latest earnings report showed a loss of $0.67 per share against expectations, with revenue down 13.3% year-over-year.
• MarineMax has received mixed analyst ratings, with one rating being downgraded to "sell" while others maintain "buy" ratings, setting a target price of $33.25.

American Century Companies Inc. lifted its position in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 2.7% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,086,340 shares of the specialty retailer's stock after buying an additional 53,872 shares during the quarter. American Century Companies Inc. owned approximately 9.72% of MarineMax worth $44,856,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of MarineMax by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 1,532,153 shares of the specialty retailer's stock valued at $32,941,000 after buying an additional 37,154 shares in the last quarter. Private Management Group Inc. lifted its stake in shares of MarineMax by 5.9% during the 1st quarter. Private Management Group Inc. now owns 559,096 shares of the specialty retailer's stock valued at $12,021,000 after buying an additional 31,226 shares in the last quarter. Levin Capital Strategies L.P. lifted its stake in shares of MarineMax by 42.3% during the 1st quarter. Levin Capital Strategies L.P. now owns 508,287 shares of the specialty retailer's stock valued at $10,928,000 after buying an additional 150,976 shares in the last quarter. CenterBook Partners LP lifted its stake in shares of MarineMax by 155.8% during the 1st quarter. CenterBook Partners LP now owns 444,739 shares of the specialty retailer's stock valued at $9,562,000 after buying an additional 270,859 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of MarineMax by 17.3% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 92.85% of the company's stock.

MarineMax Price Performance

Shares of MarineMax stock traded down $0.25 during trading hours on Tuesday, reaching $27.52. The company's stock had a trading volume of 219,054 shares, compared to its average volume of 345,337. The firm has a 50 day moving average price of $25.26 and a 200-day moving average price of $23.76. MarineMax, Inc. has a one year low of $16.85 and a one year high of $37.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.21 and a quick ratio of 0.29. The stock has a market cap of $590.64 million, a P/E ratio of -20.54 and a beta of 1.54.

MarineMax (NYSE:HZO - Get Free Report) last posted its earnings results on Thursday, July 24th. The specialty retailer reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.67). MarineMax had a positive return on equity of 2.63% and a negative net margin of 1.15%.The business had revenue of $657.16 million during the quarter, compared to the consensus estimate of $737.82 million. During the same quarter last year, the firm earned $1.51 earnings per share. The business's quarterly revenue was down 13.3% on a year-over-year basis. MarineMax has set its FY 2025 guidance at 0.450-0.950 EPS. On average, analysts predict that MarineMax, Inc. will post 2.41 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HZO shares. Citigroup restated a "buy" rating and set a $32.00 target price (up previously from $29.00) on shares of MarineMax in a research note on Monday, June 16th. Wall Street Zen cut shares of MarineMax from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Finally, B. Riley restated a "buy" rating on shares of MarineMax in a research note on Friday, July 25th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $33.25.

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.