Man Group plc Sells 23,942 Shares of MarineMax, Inc. (NYSE:HZO)

Man Group plc reduced its holdings in MarineMax, Inc. (NYSE:HZO - Free Report) by 59.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,025 shares of the specialty retailer's stock after selling 23,942 shares during the quarter. Man Group plc owned 0.07% of MarineMax worth $464,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in HZO. Smartleaf Asset Management LLC increased its position in shares of MarineMax by 211.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock valued at $43,000 after purchasing an additional 1,058 shares during the period. US Bancorp DE increased its position in shares of MarineMax by 49.6% during the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock valued at $51,000 after purchasing an additional 585 shares during the period. Aquatic Capital Management LLC acquired a new position in shares of MarineMax during the 4th quarter valued at $82,000. KLP Kapitalforvaltning AS acquired a new position in shares of MarineMax during the 4th quarter valued at $113,000. Finally, Quantbot Technologies LP acquired a new position in shares of MarineMax during the 4th quarter valued at $129,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HZO. Truist Financial decreased their target price on MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, April 14th. B. Riley upgraded MarineMax to a "strong-buy" rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, MarineMax currently has a consensus rating of "Buy" and a consensus price target of $38.50.

MarineMax Stock Down 0.5%

Shares of MarineMax stock traded down $0.11 during midday trading on Friday, hitting $21.45. The company's stock had a trading volume of 77,760 shares, compared to its average volume of 339,268. The firm has a market capitalization of $460.60 million, a P/E ratio of 9.01 and a beta of 1.69. The stock has a 50-day simple moving average of $21.17 and a 200-day simple moving average of $25.92. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a 1-year low of $16.85 and a 1-year high of $38.20.

MarineMax (NYSE:HZO - Get Free Report) last issued its 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 business had revenue of $631.52 million during the quarter, compared to analysts' expectations of $580.12 million. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. MarineMax's revenue was up 8.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.18 earnings per share. As a group, sell-side analysts expect that MarineMax, Inc. will post 2.41 earnings per share for the current 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.