Millennium Management LLC Sells 124,994 Shares of MarineMax, Inc. (NYSE:HZO)

Millennium Management LLC decreased its position in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 58.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 87,564 shares of the specialty retailer's stock after selling 124,994 shares during the period. Millennium Management LLC owned about 0.39% of MarineMax worth $2,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC increased its holdings in shares of MarineMax by 211.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock worth $43,000 after buying an additional 1,058 shares in the last quarter. US Bancorp DE increased its holdings in shares of MarineMax by 49.6% during the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock worth $51,000 after buying an additional 585 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of MarineMax during the fourth quarter worth approximately $82,000. KLP Kapitalforvaltning AS acquired a new stake in shares of MarineMax during the fourth quarter worth approximately $113,000. Finally, Quantbot Technologies LP acquired a new stake in shares of MarineMax during the fourth quarter worth approximately $129,000. Institutional investors and hedge funds own 92.85% of the company's stock.

Wall Street Analyst Weigh In

HZO has been the topic of several research analyst reports. Truist Financial decreased their price target on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. B. Riley raised shares of 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 assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $38.50.

MarineMax Price Performance

Shares of HZO traded up $0.05 during mid-day trading on Wednesday, hitting $21.85. 218,277 shares of the company traded hands, compared to its average volume of 295,779. MarineMax, Inc. has a one year low of $16.85 and a one year high of $38.20. The stock has a market capitalization of $469.19 million, a price-to-earnings ratio of 9.18 and a beta of 1.69. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average of $21.04 and a 200 day moving average of $25.67.

MarineMax (NYSE:HZO - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.07. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The firm had revenue of $631.52 million for the quarter, compared to analysts' expectations of $580.12 million. During the same period last year, the firm earned $0.18 earnings per share. The business's revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities analysts expect that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal 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.