Pacer Advisors Inc. Purchases Shares of 149,679 MarineMax, Inc. $HZO

Key Points

• Pacer Advisors acquired 149,679 MarineMax shares worth approximately $4.05 million, giving it a 0.68% stake. Institutional investors collectively own 92.85% of the company.
• MarineMax reported quarterly EPS of $0.81, slightly below the $0.82 consensus estimate, while revenue of $611.26 million missed expectations of $682.29 million and fell 7% year over year.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $35.40; shares opened at $35.04 after a reported 2.7% decline.

Pacer Advisors Inc. acquired a new position in MarineMax, Inc. (NYSE:HZO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 149,679 shares of the specialty retailer's stock, valued at approximately $4,050,000. Pacer Advisors Inc. owned about 0.68% of MarineMax at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. boosted its position in shares of MarineMax by 93.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer's stock valued at $42,000 after acquiring an additional 808 shares during the last quarter. Fifth Third Bancorp raised its stake in MarineMax by 3,613.3% during the first quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer's stock valued at $114,000 after purchasing an additional 4,083 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in MarineMax by 129.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer's stock valued at $135,000 after purchasing an additional 2,996 shares in the last quarter. Bessemer Group Inc. lifted its position in MarineMax by 5,419.5% during the first quarter. Bessemer Group Inc. now owns 6,789 shares of the specialty retailer's stock valued at $184,000 after purchasing an additional 6,666 shares during the last quarter. Finally, Jones Financial Companies Lllp bought a new position in MarineMax during the first quarter valued at $168,000. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Stock Down 2.7%

NYSE HZO opened at $35.04 on Friday. The company has a quick ratio of 0.34, a current ratio of 1.23 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a 52 week low of $21.42 and a 52 week high of $38.14. The firm has a market capitalization of $774.03 million, a price-to-earnings ratio of 250.29 and a beta of 1.58. The company has a fifty day moving average of $34.80 and a two-hundred day moving average of $31.16.

MarineMax (NYSE:HZO - Get Free Report) last announced 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 firm had revenue of $611.26 million during the quarter, compared to analysts' expectations of $682.29 million. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The company's revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.42) EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, analysts predict that MarineMax, Inc. will post 0.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on HZO shares. Truist Financial lifted their price objective on shares of MarineMax from $34.00 to $39.00 and gave the stock a "buy" rating in a research note on Monday, July 6th. Weiss Ratings raised shares of MarineMax from a "sell (d+)" rating to a "hold (c-)" rating in a report on Friday, July 24th. Northcoast Research set a $39.00 price target on MarineMax in a research report on Friday, July 24th. B. Riley Financial cut MarineMax from a "buy" rating to a "neutral" rating and set a $35.00 price objective on the stock. in a research note on Tuesday, July 21st. Finally, Citigroup restated a "buy" rating on shares of MarineMax in a research report on Friday, April 24th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, MarineMax presently has a consensus rating of "Moderate Buy" and an average target price of $35.40.

MarineMax Company 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.

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