Interval Partners LP Acquires 155,382 Shares of MarineMax, Inc. $HZO

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 position in shares of 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. The institutional investor owned 241,139 shares of the specialty retailer's stock after purchasing an additional 155,382 shares during the period. Interval Partners LP owned about 1.12% of MarineMax worth $5,184,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada grew its position in shares of MarineMax by 6.9% during the first quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer's stock worth $3,027,000 after acquiring an additional 9,050 shares during the last quarter. Broad Bay Capital Management LP boosted its holdings 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 worth $18,141,000 after buying an additional 155,750 shares during the period. State of Wyoming acquired a new position in shares of MarineMax in the first quarter worth about $41,000. Jump Financial LLC boosted its holdings in shares of MarineMax by 23.0% during the first quarter. Jump Financial LLC now owns 13,040 shares of the specialty retailer's stock worth $280,000 after purchasing an additional 2,440 shares during the period. Finally, American Century Companies Inc. boosted its holdings in shares of MarineMax by 2.7% during the first quarter. American Century Companies Inc. now owns 2,086,340 shares of the specialty retailer's stock worth $44,856,000 after purchasing an additional 53,872 shares during the period. 92.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MarineMax

In other MarineMax news, CEO W Brett Mcgill sold 60,000 shares of MarineMax stock in a transaction dated 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 transaction, the chief executive officer owned 173,038 shares in the company, valued at $4,763,736.14. The trade was a 25.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Wall Street Zen lowered shares of MarineMax from a "hold" rating to a "sell" rating in a research report on Saturday, July 26th. Citigroup restated a "buy" rating and issued a $32.00 target price (up previously from $29.00) on shares of MarineMax in a research note on Monday, June 16th. Finally, B. Riley reaffirmed a "buy" rating on shares of MarineMax in a report on Friday, July 25th. Five equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $33.25.

MarineMax Stock Down 1.8%

NYSE:HZO traded down $0.46 during trading hours on Wednesday, reaching $25.35. 100,945 shares of the stock were exchanged, compared to its average volume of 336,808. MarineMax, Inc. has a twelve month low of $16.85 and a twelve month high of $37.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.21 and a quick ratio of 0.29. The firm has a 50 day moving average of $25.42 and a 200 day moving average of $23.59. The stock has a market cap of $544.01 million, a PE ratio of -18.91 and a beta of 1.57.

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