86,345 Shares in MarineMax, Inc. $HZO Acquired by Nuveen LLC

Key Points

• Nuveen LLC has acquired a new stake in MarineMax, Inc. worth approximately $1.86 million, adding 86,345 shares during the first quarter, which brings their total ownership to 0.40%.
• MarineMax's quarterly earnings report revealed a **net margin** of -1.15% and earnings per share of $0.49, which fell short of analysts' expectations of $1.16, with revenue down **13.3%** year-over-year.
• Analysts maintain a consensus rating of **"Buy"** for MarineMax, with a target price of **$33.25**, despite varied recent opinions, including a downgrade from Wall Street Zen.

Nuveen LLC purchased a new position in MarineMax, Inc. (NYSE:HZO - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 86,345 shares of the specialty retailer's stock, valued at approximately $1,856,000. Nuveen LLC owned about 0.40% of MarineMax as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in MarineMax by 2.5% in the first quarter. Vanguard Group Inc. now owns 1,532,153 shares of the specialty retailer's stock worth $32,941,000 after acquiring an additional 37,154 shares during the period. Private Management Group Inc. raised its holdings in shares of MarineMax by 5.9% in the 1st quarter. Private Management Group Inc. now owns 559,096 shares of the specialty retailer's stock worth $12,021,000 after purchasing an additional 31,226 shares during the period. Levin Capital Strategies L.P. lifted its stake 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. CenterBook Partners LP grew its holdings in MarineMax by 155.8% during the first quarter. CenterBook Partners LP now owns 444,739 shares of the specialty retailer's stock valued at $9,562,000 after purchasing an additional 270,859 shares during the period. Finally, Divisadero Street Capital Management LP purchased a new stake in MarineMax in the fourth quarter worth $8,503,000. Hedge funds and other institutional investors own 92.85% of the company's stock.

Insider Activity at MarineMax

In other news, CEO W Brett Mcgill sold 60,000 shares of the firm's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $27.53, for a total transaction of $1,651,800.00. Following the sale, the chief executive officer owned 173,038 shares in the company, valued at approximately $4,763,736.14. This trade represents a 25.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 4.00% of the stock is owned by insiders.

MarineMax Price Performance

NYSE:HZO traded down $0.33 during trading hours on Wednesday, hitting $25.23. 101,819 shares of the company's stock traded hands, compared to its average volume of 339,906. MarineMax, Inc. has a 52 week low of $16.85 and a 52 week high of $37.86. The business's fifty day simple moving average is $25.40 and its two-hundred day simple moving average is $23.66. The company has a quick ratio of 0.29, a current ratio of 1.21 and a debt-to-equity ratio of 0.38. The firm has a market cap of $541.54 million, a P/E ratio of -18.82 and a beta of 1.57.

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

Analyst Upgrades and Downgrades

HZO has been the subject of several recent research reports. Wall Street Zen lowered MarineMax from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Citigroup reiterated 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 reissued a "buy" rating on shares of MarineMax in a research report on Friday, July 25th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $33.25.

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.