Jane Street Group LLC Sells 43,480 Shares of MarineMax, Inc. (NYSE:HZO)

Jane Street Group LLC decreased its position in MarineMax, Inc. (NYSE:HZO - Free Report) by 44.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,701 shares of the specialty retailer's stock after selling 43,480 shares during the quarter. Jane Street Group LLC owned approximately 0.24% of MarineMax worth $1,555,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. US Bancorp DE grew its stake in MarineMax by 49.6% in the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock valued at $51,000 after buying an additional 585 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in shares of MarineMax by 6.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer's stock valued at $341,000 after purchasing an additional 732 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of MarineMax by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer's stock valued at $413,000 after purchasing an additional 905 shares during the last quarter. Empowered Funds LLC increased its stake in shares of MarineMax by 4.7% in the fourth quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer's stock worth $651,000 after purchasing an additional 1,006 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of MarineMax by 211.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 1,058 shares during the period. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Trading Down 1.1%

Shares of HZO stock traded down $0.23 on Friday, reaching $21.28. 166,479 shares of the stock were exchanged, compared to its average volume of 306,094. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. MarineMax, Inc. has a one year low of $16.85 and a one year high of $38.20. The stock has a market cap of $456.95 million, a PE ratio of 8.94 and a beta of 1.69. The stock has a 50 day moving average price of $21.33 and a 200 day moving average price of $26.22.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. The company had revenue of $631.52 million during the quarter, compared to analysts' expectations of $580.12 million. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. MarineMax's revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.18 EPS. Equities research analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on HZO shares. Benchmark reissued a "buy" rating and issued a $40.00 price objective on shares of MarineMax in a research report on Friday, January 24th. Truist Financial dropped their target price on MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a report on Monday, April 14th. Wall Street Zen raised shares of MarineMax from a "sell" rating to a "hold" rating in a report on Friday, January 24th. Finally, B. Riley raised MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. One 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 stock. Based on data from MarketBeat.com, MarineMax currently has a consensus rating of "Buy" and a consensus target price of $38.50.

About MarineMax

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.