Bank of New York Mellon Corp Invests $4.54 Million in MarineMax, Inc. $HZO

Bank of New York Mellon Corp purchased a new stake in MarineMax, Inc. (NYSE:HZO - Free Report) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 123,846 shares of the specialty retailer's stock, valued at approximately $4,535,000. Bank of New York Mellon Corp owned about 0.56% of MarineMax as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in MarineMax by 93.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer's stock worth $42,000 after acquiring an additional 808 shares during the last quarter. GAMMA Investing LLC boosted its position in MarineMax by 22.8% in the second quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer's stock valued at $71,000 after buying an additional 360 shares during the last quarter. Fifth Third Bancorp boosted its position in MarineMax by 3,613.3% in the first quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer's stock valued at $114,000 after buying an additional 4,083 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in MarineMax by 129.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer's stock worth $135,000 after buying an additional 2,996 shares during the period. Finally, Jones Financial Companies Lllp acquired a new position in MarineMax in the 1st quarter worth approximately $168,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Stock Performance

Shares of MarineMax stock opened at $52.22 on Friday. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 373.00 and a beta of 1.66. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.23 and a quick ratio of 0.34. The business has a 50-day moving average of $41.86 and a 200 day moving average of $34.49. MarineMax, Inc. has a 12 month low of $21.42 and a 12 month high of $52.46.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.01). MarineMax had a return on equity of 1.51% and a net margin of 0.18%.The business had revenue of $611.26 million for the quarter, compared to analyst estimates of $682.29 million. During the same period in the prior year, the company posted ($2.42) EPS. The firm's revenue for the quarter was down 7.0% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, sell-side analysts forecast that MarineMax, Inc. will post 0.69 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Benchmark cut MarineMax from a "buy" rating to a "hold" rating in a report on Monday, August 10th. Northcoast Research cut shares of MarineMax from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, August 12th. Loop Capital downgraded MarineMax from a "buy" rating to a "hold" rating and set a $53.00 price objective for the company. in a research note on Tuesday, August 11th. B. Riley Financial lowered shares of MarineMax from a "buy" rating to a "neutral" rating and set a $35.00 target price on the stock. in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised shares of MarineMax from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Friday, July 24th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $43.00.

MarineMax Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.

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