Deutsche Bank AG Acquires Shares of 20,904 MarineMax, Inc. $HZO

Key Points

• Deutsche Bank acquired 20,904 MarineMax shares during the second quarter, valued at approximately $766,000. Institutional investors collectively own 92.85% of the company.
• Analysts have broadly turned more cautious, with several downgrading MarineMax to “Hold.” The stock has an average rating of “Hold” and a consensus price target of $43.
• MarineMax’s latest quarter fell slightly short of expectations, reporting $0.81 in EPS and $611.26 million in revenue, down 7% year over year. Shares opened at $52.15, near their 52-week high of $52.46.

Deutsche Bank AG acquired a new position in MarineMax, Inc. (NYSE:HZO - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,904 shares of the specialty retailer's stock, valued at approximately $766,000. Deutsche Bank AG owned approximately 0.09% of MarineMax as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp bought a new position in shares of MarineMax during the second quarter valued at approximately $4,535,000. SWS Partners purchased a new stake in shares of MarineMax during the second quarter worth about $1,097,000. GAMMA Investing LLC increased its stake in MarineMax by 22.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer's stock valued at $71,000 after purchasing an additional 360 shares in the last quarter. Pacer Advisors Inc. acquired a new position in shares of MarineMax in the 1st quarter valued at $4,050,000. Finally, Bank of America Corp DE increased its holdings in shares of MarineMax by 19.8% in the first quarter. Bank of America Corp DE now owns 151,964 shares of the specialty retailer's stock valued at $4,112,000 after purchasing an additional 25,063 shares during the period. 92.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Truist Financial cut shares of MarineMax from a "buy" rating to a "hold" rating and raised their target price for the stock from $39.00 to $53.00 in a report on Wednesday, August 12th. B. Riley Financial lowered MarineMax from a "buy" rating to a "neutral" rating and set a $35.00 target price on the stock. in a research report on Tuesday, July 21st. Loop Capital cut MarineMax from a "buy" rating to a "hold" rating and set a $53.00 price objective on the stock. in a report on Tuesday, August 11th. Northcoast Research lowered shares of MarineMax from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. Finally, Benchmark cut MarineMax from a "buy" rating to a "hold" rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, MarineMax presently has an average rating of "Hold" and a consensus target price of $43.00.

MarineMax Stock Down 0.1%

MarineMax stock opened at $52.15 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 1.23. The company has a market capitalization of $1.15 billion, a PE ratio of 372.50 and a beta of 1.58. MarineMax, Inc. has a fifty-two week low of $21.42 and a fifty-two week high of $52.46. The firm has a 50 day moving average price of $40.62 and a 200 day moving average price of $33.87.

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

About MarineMax

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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