GAMMA Investing LLC Increases Holdings in MarineMax, Inc. (NYSE:HZO)

GAMMA Investing LLC grew its position in MarineMax, Inc. (NYSE:HZO - Free Report) by 3,886.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 23,242 shares of the specialty retailer's stock after purchasing an additional 22,659 shares during the period. GAMMA Investing LLC owned approximately 0.10% of MarineMax worth $500,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HZO. Smartleaf Asset Management LLC raised its holdings in shares of MarineMax by 211.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock valued at $43,000 after acquiring an additional 1,058 shares during the last quarter. US Bancorp DE increased its stake in MarineMax by 49.6% during the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock worth $51,000 after acquiring an additional 585 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in MarineMax during the fourth quarter worth $82,000. KLP Kapitalforvaltning AS acquired a new stake in MarineMax during the fourth quarter worth $113,000. Finally, Quantbot Technologies LP acquired a new stake in MarineMax during the fourth quarter worth $129,000. 92.85% of the stock is owned by institutional investors and hedge funds.

MarineMax Stock Down 3.2%

NYSE:HZO traded down $0.81 during midday trading on Monday, reaching $24.44. The company had a trading volume of 286,302 shares, compared to its average volume of 301,021. The firm has a market capitalization of $524.73 million, a price-to-earnings ratio of 9.98 and a beta of 1.58. The stock's fifty day simple moving average is $22.21 and its 200-day simple moving average is $25.01. MarineMax, Inc. has a 12-month low of $16.85 and a 12-month high of $38.20. The company has a current ratio of 1.16, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34.

MarineMax (NYSE:HZO - Get Free Report) last announced its quarterly 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 company had revenue of $631.52 million during the quarter, compared to the consensus estimate of $580.12 million. MarineMax had a return on equity of 5.01% and a net margin of 2.35%. MarineMax's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.18 EPS. On average, sell-side analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HZO shares. 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. Truist Financial dropped their price objective on MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a research note on Monday, April 14th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $36.50.

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.