American Century Companies Inc. Boosts Holdings 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. increased its holdings in MarineMax, Inc. (NYSE:HZO - Free Report) by 2.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,086,340 shares of the specialty retailer's stock after acquiring an additional 53,872 shares during the quarter. American Century Companies Inc. owned about 9.72% of MarineMax worth $44,856,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in MarineMax by 17.3% in the fourth quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer's stock worth $10,060,000 after acquiring an additional 51,352 shares during the period. Principal Financial Group Inc. raised its holdings in MarineMax by 3.2% in the first quarter. Principal Financial Group Inc. now owns 99,611 shares of the specialty retailer's stock worth $2,142,000 after purchasing an additional 3,107 shares in the last quarter. SG Americas Securities LLC bought a new position in MarineMax in the first quarter worth $726,000. GAMMA Investing LLC raised its holdings in MarineMax by 3,886.6% in the first quarter. GAMMA Investing LLC now owns 23,242 shares of the specialty retailer's stock worth $500,000 after purchasing an additional 22,659 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in MarineMax in the fourth quarter worth $572,000. Hedge funds and other institutional investors own 92.85% of the company's stock.

MarineMax Stock Performance

NYSE:HZO traded up $2.5580 on Friday, hitting $28.1380. The stock had a trading volume of 466,254 shares, compared to its average volume of 362,352. The stock has a market cap of $603.84 million, a price-to-earnings ratio of -21.00 and a beta of 1.54. The company has a quick ratio of 0.29, a current ratio of 1.21 and a debt-to-equity ratio of 0.38. The business's 50-day simple moving average is $25.17 and its two-hundred day simple moving average is $23.80. MarineMax, Inc. has a 52-week low of $16.85 and a 52-week high of $37.86.

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

Analyst Ratings Changes

A number of research firms have issued reports on HZO. Citigroup reiterated a "buy" rating and issued a $32.00 price objective (up previously from $29.00) on shares of MarineMax in a report on Monday, June 16th. B. Riley restated a "buy" rating on shares of MarineMax in a report on Friday, July 25th. Finally, Wall Street Zen downgraded MarineMax from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock has an average rating of "Buy" and an average target price of $33.25.

MarineMax 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.