MarineMax, Inc. $HZO Shares Purchased by Bank of America Corp DE

Key Points

• Bank of America increased its MarineMax stake by 19.8% in the first quarter to 151,964 shares, worth approximately $4.1 million. Institutional investors collectively own 92.85% of the company.
• MarineMax reported quarterly EPS of $0.81, narrowly missing estimates, while revenue fell 7% year over year to $611.26 million. The company maintained fiscal 2026 EPS guidance of $0.40–$0.95.
• Analyst sentiment is predominantly neutral: several firms downgraded MarineMax to “hold” or “neutral,” and the stock has a consensus “Hold” rating with a $43 price target.

Bank of America Corp DE raised its stake in MarineMax, Inc. (NYSE:HZO - Free Report) by 19.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,964 shares of the specialty retailer's stock after buying an additional 25,063 shares during the quarter. Bank of America Corp DE owned about 0.69% of MarineMax worth $4,112,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of HZO. Invesco Ltd. grew its stake in shares of MarineMax by 115.6% in the second quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer's stock valued at $18,002,000 after buying an additional 383,926 shares in the last quarter. CenterBook Partners LP increased its stake in MarineMax by 74.7% during the fourth quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer's stock worth $12,901,000 after purchasing an additional 227,734 shares during the period. Annis Gardner Whiting Capital Advisors LLC increased its stake in MarineMax by 857,142.9% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer's stock worth $4,871,000 after purchasing an additional 180,000 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of MarineMax by 69.3% during the first quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer's stock worth $7,496,000 after purchasing an additional 142,775 shares in the last quarter. Finally, Simcoe Capital LLC purchased a new position in shares of MarineMax in the fourth quarter valued at approximately $3,317,000. Hedge funds and other institutional investors own 92.85% of the company's stock.

MarineMax Trading Down 0.0%

HZO opened at $52.18 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.34 and a current ratio of 1.23. MarineMax, Inc. has a one year low of $21.42 and a one year high of $52.46. The company has a market cap of $1.15 billion, a P/E ratio of 372.71 and a beta of 1.58. The business's 50-day simple moving average is $40.27 and its 200-day simple moving average is $33.68.

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

Analyst Ratings Changes

A number of research analysts recently weighed in on HZO shares. Benchmark cut shares of MarineMax from a "buy" rating to a "hold" rating in a report on Monday, August 10th. Northcoast Research lowered shares of MarineMax from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 12th. Truist Financial cut shares of MarineMax from a "buy" rating to a "hold" rating and raised their price target for the company from $39.00 to $53.00 in a research report on Wednesday, August 12th. B. Riley Financial downgraded shares of MarineMax from a "buy" rating to a "neutral" rating and set a $35.00 price target for the company. in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised MarineMax from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Friday, July 24th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, MarineMax has a consensus rating of "Hold" and a consensus target price of $43.00.

MarineMax Profile

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.

Want to see what other hedge funds are holding HZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarineMax, Inc. (NYSE:HZO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source