BNP Paribas Financial Markets Increases Position in MarineMax, Inc. (NYSE:HZO)

BNP Paribas Financial Markets boosted its holdings in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 105.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 133,380 shares of the specialty retailer's stock after buying an additional 68,544 shares during the quarter. BNP Paribas Financial Markets owned approximately 0.59% of MarineMax worth $3,861,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Ameriprise Financial Inc. increased its holdings in shares of MarineMax by 14.7% in the fourth quarter. Ameriprise Financial Inc. now owns 82,923 shares of the specialty retailer's stock valued at $2,401,000 after purchasing an additional 10,639 shares during the last quarter. Algert Global LLC boosted its stake in shares of MarineMax by 4.5% during the 4th quarter. Algert Global LLC now owns 146,710 shares of the specialty retailer's stock worth $4,247,000 after acquiring an additional 6,381 shares in the last quarter. Nexpoint Asset Management L.P. grew its holdings in MarineMax by 70.1% during the 4th quarter. Nexpoint Asset Management L.P. now owns 11,955 shares of the specialty retailer's stock valued at $346,000 after buying an additional 4,925 shares during the last quarter. Northern Trust Corp lifted its stake in shares of MarineMax by 9.0% during the 4th quarter. Northern Trust Corp now owns 226,140 shares of the specialty retailer's stock worth $6,547,000 after purchasing an additional 18,765 shares during the period. Finally, Aquatic Capital Management LLC acquired a new stake in MarineMax in the 4th quarter valued at $82,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Trading Up 0.5%

NYSE HZO traded up $0.11 on Tuesday, hitting $23.34. The company's stock had a trading volume of 7,314 shares, compared to its average volume of 305,197. MarineMax, Inc. has a 52-week low of $16.85 and a 52-week high of $38.20. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. The company's 50-day simple moving average is $21.42 and its 200 day simple moving average is $26.38. The firm has a market cap of $501.18 million, a P/E ratio of 9.84 and a beta of 1.69.

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

Analysts Set New Price Targets

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