Invesco Ltd. Acquires 51,352 Shares of MarineMax, Inc. (NYSE:HZO)

Invesco Ltd. raised its position in MarineMax, Inc. (NYSE:HZO - Free Report) by 17.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,481 shares of the specialty retailer's stock after purchasing an additional 51,352 shares during the quarter. Invesco Ltd. owned approximately 1.53% of MarineMax worth $10,060,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in MarineMax by 12.7% in the fourth quarter. Wells Fargo & Company MN now owns 12,961 shares of the specialty retailer's stock valued at $375,000 after purchasing an additional 1,456 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of MarineMax by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer's stock worth $43,280,000 after acquiring an additional 20,909 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of MarineMax during the 4th quarter worth about $113,000. Sei Investments Co. boosted its stake in shares of MarineMax by 19.5% during the 4th quarter. Sei Investments Co. now owns 339,291 shares of the specialty retailer's stock worth $9,822,000 after acquiring an additional 55,259 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of MarineMax by 2.8% during the 4th quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer's stock worth $58,840,000 after acquiring an additional 55,592 shares in the last quarter. Hedge funds and other institutional investors own 92.85% of the company's stock.

MarineMax Stock Performance

MarineMax stock traded down $0.22 during trading hours on Monday, hitting $22.67. The stock had a trading volume of 301,139 shares, compared to its average volume of 303,836. The company has a 50-day moving average of $22.18 and a two-hundred day moving average of $27.23. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market cap of $514.77 million, a PE ratio of 9.53 and a beta of 1.83. MarineMax, Inc. has a fifty-two week low of $16.85 and a fifty-two week high of $38.20.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.23 EPS for the quarter, beating the consensus estimate of $0.16 by $0.07. The firm had revenue of $631.52 million during the quarter, compared to analysts' expectations of $580.12 million. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. The company's revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.18 EPS. On average, equities research analysts anticipate that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on HZO. B. Riley upgraded MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. StockNews.com raised MarineMax from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. Benchmark reissued a "buy" rating and set a $40.00 price objective on shares of MarineMax in a research report on Friday, January 24th. DA Davidson cut their price objective on MarineMax from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Finally, Truist Financial cut their price objective on MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $38.50.

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.