MarineMax, Inc. $HZO Shares Purchased by Interval Partners LP

Key Points

• Interval Partners LP increased its stake in MarineMax, Inc. by 181.2% during the first quarter, holding approximately 1.12% of the company valued at about $5.18 million.
• MarineMax reported a loss in its latest earnings results, with earnings per share of $0.49 that missed analyst expectations by $0.67.
• Analysts have mixed ratings on MarineMax, with Citigroup maintaining a "buy" rating and a price target increase to $32.00, while Wall Street Zen downgraded the stock to a "sell".

Interval Partners LP lifted its holdings in MarineMax, Inc. (NYSE:HZO - Free Report) by 181.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 241,139 shares of the specialty retailer's stock after buying an additional 155,382 shares during the quarter. Interval Partners LP owned 1.12% of MarineMax worth $5,184,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HZO. CenterBook Partners LP boosted its stake in shares of MarineMax by 155.8% in the first quarter. CenterBook Partners LP now owns 444,739 shares of the specialty retailer's stock valued at $9,562,000 after buying an additional 270,859 shares in the last quarter. Broad Bay Capital Management LP boosted its stake in shares of MarineMax by 22.6% in the first quarter. Broad Bay Capital Management LP now owns 843,756 shares of the specialty retailer's stock valued at $18,141,000 after buying an additional 155,750 shares in the last quarter. Levin Capital Strategies L.P. grew its holdings in MarineMax by 42.3% in the first quarter. Levin Capital Strategies L.P. now owns 508,287 shares of the specialty retailer's stock valued at $10,928,000 after purchasing an additional 150,976 shares during the last quarter. Nuveen LLC purchased a new position in shares of MarineMax in the first quarter valued at $1,856,000. Finally, BNP Paribas Financial Markets increased its position in shares of MarineMax by 105.7% in the fourth quarter. BNP Paribas Financial Markets now owns 133,380 shares of the specialty retailer's stock valued at $3,861,000 after buying an additional 68,544 shares in 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 weighed in on the company. Citigroup restated a "buy" rating and issued a $32.00 price target (up previously from $29.00) on shares of MarineMax in a research report on Monday, June 16th. B. Riley restated a "buy" rating on shares of MarineMax in a research report on Friday, July 25th. Finally, Wall Street Zen cut MarineMax from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $33.25.

Insider Activity

In other news, CEO W Brett Mcgill sold 60,000 shares of the company's stock in a transaction on Monday, August 25th. The stock was sold at an average price of $27.53, for a total value of $1,651,800.00. Following the sale, the chief executive officer directly owned 173,038 shares in the company, valued at $4,763,736.14. This represents a 25.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.00% of the stock is owned by corporate insiders.

MarineMax Price Performance

Shares of NYSE:HZO traded up $0.35 on Friday, hitting $26.46. The company had a trading volume of 256,355 shares, compared to its average volume of 270,342. The company has a current ratio of 1.21, a quick ratio of 0.29 and a debt-to-equity ratio of 0.38. MarineMax, Inc. has a 52-week low of $16.85 and a 52-week high of $37.86. The business has a 50 day moving average of $25.42 and a 200 day moving average of $23.58. The company has a market cap of $567.72 million, a PE ratio of -19.74 and a beta of 1.57.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.67). MarineMax had a negative net margin of 1.15% and a positive return on equity of 2.63%. The company had revenue of $657.16 million during the quarter, compared to analysts' expectations of $737.82 million. During the same quarter in the prior year, the company earned $1.51 earnings per share. The firm's revenue was down 13.3% compared to the same quarter last year. MarineMax has set its FY 2025 guidance at 0.450-0.950 EPS. As a group, equities analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

MarineMax 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.