Interval Partners LP lowered its position in MarineMax, Inc. (NYSE:HZO - Free Report) by 49.8% in 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 approximately 0.38% of MarineMax worth $2,483,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in shares of MarineMax by 211.6% during the 4th 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 during the last quarter. US Bancorp DE increased its stake in MarineMax by 49.6% in the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock worth $51,000 after purchasing an additional 585 shares during the period. Aquatic Capital Management LLC purchased a new stake in MarineMax in the fourth quarter worth $82,000. KLP Kapitalforvaltning AS purchased a new stake in shares of MarineMax during the fourth quarter valued at $113,000. Finally, Quantbot Technologies LP purchased a new stake in shares of MarineMax during the fourth quarter valued at $129,000. Hedge funds and other institutional investors own 92.85% of the company's stock.
MarineMax Stock Down 2.8%
Shares of NYSE HZO traded down $0.65 during midday trading on Thursday, reaching $22.88. 188,118 shares of the company's stock traded hands, compared to its average volume of 306,133. The company has a market cap of $491.30 million, a price-to-earnings ratio of 9.61 and a beta of 1.69. The stock's 50 day simple moving average is $21.45 and its 200-day simple moving average is $26.57. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a one year low of $16.85 and a one year high of $38.20.
MarineMax (NYSE:HZO - Get Free Report) last posted its earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.07. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. The company had revenue of $631.52 million during the quarter, compared to analyst estimates of $580.12 million. During the same quarter in the prior year, the business earned $0.18 earnings per share. MarineMax's revenue was up 8.3% on a year-over-year basis. On average, analysts predict that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several research analysts recently commented on the stock. StockNews.com raised shares of MarineMax from a "sell" rating to a "hold" rating in a research note on Friday, January 24th. Truist Financial reduced their target price on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Benchmark reiterated a "buy" rating and issued a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. B. Riley upgraded MarineMax to a "strong-buy" rating in a report on Wednesday, February 12th. Finally, DA Davidson decreased their target price on MarineMax from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. 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. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $38.50.
Check Out Our Latest Research Report on HZO
About MarineMax
(
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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