Bank of America Corp DE Decreases Position in MarineMax, Inc. (NYSE:HZO)

Bank of America Corp DE lowered its position in MarineMax, Inc. (NYSE:HZO - Free Report) by 91.8% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 7,858 shares of the specialty retailer's stock after selling 87,808 shares during the period. Bank of America Corp DE's holdings in MarineMax were worth $227,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HZO. Empowered Funds LLC lifted its position in shares of MarineMax by 4.7% in the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer's stock worth $651,000 after purchasing an additional 1,006 shares during the period. Principal Financial Group Inc. lifted its position in shares of MarineMax by 4.1% during the 4th quarter. Principal Financial Group Inc. now owns 96,504 shares of the specialty retailer's stock valued at $2,794,000 after acquiring an additional 3,779 shares during the period. Acuitas Investments LLC lifted its position in shares of MarineMax by 9.3% during the 4th quarter. Acuitas Investments LLC now owns 83,800 shares of the specialty retailer's stock valued at $2,426,000 after acquiring an additional 7,131 shares during the period. Peregrine Capital Management LLC lifted its position in shares of MarineMax by 30.8% during the 4th quarter. Peregrine Capital Management LLC now owns 154,605 shares of the specialty retailer's stock valued at $4,476,000 after acquiring an additional 36,411 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of MarineMax during the 4th quarter valued at $215,000. Institutional investors and hedge funds own 92.85% of the company's stock.

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their target price on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. 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's stock. According to MarketBeat, the company has an average rating of "Buy" and a consensus price target of $38.50.

MarineMax Stock Down 4.5%

Shares of NYSE:HZO traded down $1.12 during midday trading on Friday, hitting $23.94. 250,295 shares of the company's stock were exchanged, compared to its average volume of 298,667. 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 stock has a 50 day moving average price of $21.62 and a 200-day moving average price of $25.31. The company has a market cap of $514.06 million, a PE ratio of 10.06 and a beta of 1.58. MarineMax, Inc. has a 12 month low of $16.85 and a 12 month high of $38.20.

MarineMax (NYSE:HZO - Get Free Report) last posted its 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. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The company had revenue of $631.52 million during the quarter, compared to the consensus estimate of $580.12 million. During the same period in the previous year, the firm posted $0.18 earnings per share. The firm's revenue for the quarter was up 8.3% on a year-over-year basis. On average, sell-side analysts anticipate that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

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.