GAMMA Investing LLC Grows Stock Position in MarineMax, Inc. (NYSE:HZO)

GAMMA Investing LLC grew its holdings in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 3,886.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,242 shares of the specialty retailer's stock after buying an additional 22,659 shares during the quarter. GAMMA Investing LLC owned 0.10% of MarineMax worth $500,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Invesco Ltd. raised its position in shares of MarineMax by 17.3% during the 4th quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer's stock valued at $10,060,000 after acquiring an additional 51,352 shares in the last quarter. Raymond James Financial Inc. bought a new stake in MarineMax in the fourth quarter valued at $572,000. SWS Partners bought a new stake in MarineMax in the fourth quarter valued at $595,000. Smartleaf Asset Management LLC lifted its stake in MarineMax by 211.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock valued at $43,000 after buying an additional 1,058 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in MarineMax by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer's stock valued at $43,280,000 after buying an additional 20,909 shares during the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on HZO shares. Truist Financial lowered their price target on MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Citigroup reissued a "buy" rating and set a $32.00 price target (up from $29.00) on shares of MarineMax in a report on Monday. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $36.50.

MarineMax Price Performance

NYSE:HZO opened at $25.47 on Friday. The business's 50-day moving average price is $22.08 and its 200 day moving average price is $25.15. The firm has a market cap of $546.76 million, a P/E ratio of 10.39 and a beta of 1.58. MarineMax, Inc. has a 52-week low of $16.85 and a 52-week high of $38.20. The company has a quick ratio of 0.31, a current ratio of 1.16 and a debt-to-equity ratio of 0.34.

MarineMax (NYSE:HZO - Get Free Report) last released its earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.16 by $0.07. The firm had revenue of $631.52 million for the quarter, compared to analyst estimates of $580.12 million. MarineMax had a return on equity of 5.01% and a net margin of 2.35%. MarineMax's revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.18 earnings per share. As a group, sell-side analysts predict that MarineMax, Inc. will post 2.41 earnings per share 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.

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