Charles Schwab Investment Management Inc. Raises Stock Holdings in MarineMax, Inc. $HZO

Key Points

• Charles Schwab Investment Management Inc. increased its stake in MarineMax, Inc. by 6.8% in Q1, owning approximately $6.14 million worth of stock.
• CEO W Brett Mcgill sold 60,000 shares of MarineMax for about $1.65 million, resulting in a 25.75% decrease in his ownership.
• MarineMax reported earnings of $0.49 EPS for the last quarter, significantly missing expectations with a 13.3% decline in revenue year-over-year.

Charles Schwab Investment Management Inc. grew its stake in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 6.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,341 shares of the specialty retailer's stock after buying an additional 18,134 shares during the period. Charles Schwab Investment Management Inc. owned 1.33% of MarineMax worth $6,135,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position 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. Levin Capital Strategies L.P. lifted its position 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. XTX Topco Ltd purchased a new position in shares of MarineMax during the 1st quarter valued at about $613,000. De Lisle Partners LLP lifted its position in shares of MarineMax by 6.4% during the 1st quarter. De Lisle Partners LLP now owns 165,549 shares of the specialty retailer's stock valued at $3,563,000 after buying an additional 10,000 shares in the last quarter. Finally, Private Management Group Inc. lifted its position 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. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Trading Down 3.4%

Shares of NYSE HZO traded down $0.89 during trading hours on Tuesday, hitting $25.46. 265,258 shares of the company traded hands, compared to its average volume of 288,760. The stock has a market capitalization of $546.35 million, a price-to-earnings ratio of -19.00 and a beta of 1.57. The company has a current ratio of 1.21, a quick ratio of 0.29 and a debt-to-equity ratio of 0.38. The company's 50 day moving average price is $25.40 and its 200 day moving average price is $23.66. MarineMax, Inc. has a 12 month low of $16.85 and a 12 month high of $37.86.

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

Analysts Set New Price Targets

Several analysts recently issued reports on HZO shares. B. Riley reissued a "buy" rating on shares of MarineMax in a research note on Friday, July 25th. Citigroup reissued 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. Finally, Wall Street Zen downgraded MarineMax from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, MarineMax has an average rating of "Buy" and a consensus target price of $33.25.

Insider Buying and Selling at MarineMax

In other MarineMax news, CEO W Brett Mcgill sold 60,000 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $27.53, for a total value of $1,651,800.00. Following the completion of the sale, the chief executive officer directly owned 173,038 shares in the company, valued at approximately $4,763,736.14. This represents a 25.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.00% of the company's stock.

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.