SG Americas Securities LLC acquired a new stake in shares of MarineMax, Inc. (NYSE:HZO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 33,773 shares of the specialty retailer's stock, valued at approximately $726,000. SG Americas Securities LLC owned 0.15% of MarineMax as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of MarineMax by 4.5% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,375 shares of the specialty retailer's stock valued at $358,000 after purchasing an additional 532 shares in the last quarter. US Bancorp DE raised its holdings in MarineMax by 49.6% during the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock worth $51,000 after buying an additional 585 shares during the period. Illinois Municipal Retirement Fund lifted its stake in MarineMax by 6.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer's stock valued at $341,000 after buying an additional 732 shares in the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of MarineMax by 3.6% in the fourth quarter. Bridgeway Capital Management LLC now owns 28,879 shares of the specialty retailer's stock valued at $836,000 after buying an additional 1,006 shares during the period. Finally, Smartleaf Asset Management LLC increased its position 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 acquiring an additional 1,058 shares in the last quarter. 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 reports. Citigroup reaffirmed a "buy" rating and issued a $32.00 price objective (up from $29.00) on shares of MarineMax in a research report on Monday, June 16th. Truist Financial cut their price target on MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $36.50.
Read Our Latest Research Report on HZO
MarineMax Stock Up 3.7%
Shares of NYSE:HZO traded up $0.91 during midday trading on Tuesday, reaching $25.39. The company had a trading volume of 238,409 shares, compared to its average volume of 300,868. MarineMax, Inc. has a 1-year low of $16.85 and a 1-year high of $38.20. The stock has a market cap of $545.02 million, a PE ratio of 10.36 and a beta of 1.58. The company has a quick ratio of 0.31, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. The business's 50 day moving average price is $22.32 and its 200 day moving average price is $24.96.
MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.07. The firm had revenue of $631.52 million for the quarter, compared to analyst estimates of $580.12 million. MarineMax had a return on equity of 5.01% and a net margin of 2.35%. The business's quarterly revenue was up 8.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 EPS. Research analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.
MarineMax Profile
(
Free Report)
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.
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