Interval Partners LP Has $2.48 Million Position in MarineMax, Inc. (NYSE:HZO)

Interval Partners LP reduced its stake in MarineMax, Inc. (NYSE:HZO - Free Report) by 49.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 85,757 shares of the specialty retailer's stock after selling 85,100 shares during the period. Interval Partners LP owned 0.38% of MarineMax worth $2,483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Deutsche Bank AG increased its holdings in shares of MarineMax by 63.4% in the fourth quarter. Deutsche Bank AG now owns 18,641 shares of the specialty retailer's stock valued at $540,000 after purchasing an additional 7,232 shares during the last quarter. DC Investments Management LLC acquired a new position in shares of MarineMax in the fourth quarter valued at $663,000. Divisadero Street Capital Management LP acquired a new position in shares of MarineMax in the fourth quarter valued at about $8,503,000. Concentric Capital Strategies LP grew its stake in shares of MarineMax by 79.4% in the fourth quarter. Concentric Capital Strategies LP now owns 245,767 shares of the specialty retailer's stock valued at $7,115,000 after acquiring an additional 108,763 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of MarineMax in the fourth quarter valued at about $623,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. DA Davidson decreased their price target on shares of MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday, January 22nd. Benchmark restated a "buy" rating and issued a $40.00 price target on shares of MarineMax in a research note on Friday, January 24th. B. Riley upgraded shares of MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. 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. Finally, StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a research note on Friday, January 24th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, MarineMax currently has a consensus rating of "Buy" and a consensus target price of $38.50.

MarineMax Price Performance

MarineMax stock traded up $0.54 during trading hours on Friday, reaching $23.43. 343,175 shares of the stock were exchanged, compared to its average volume of 306,639. The company has a market cap of $503.20 million, a P/E ratio of 9.85 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. MarineMax, Inc. has a twelve month low of $16.85 and a twelve month high of $38.20. The stock has a 50 day moving average of $21.43 and a two-hundred day moving average of $26.44.

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, topping analysts' consensus estimates of $0.16 by $0.07. The firm had revenue of $631.52 million for the quarter, compared to the consensus estimate of $580.12 million. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The business's revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.18 earnings per share. Equities analysts expect that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

About MarineMax

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.