MarineMax, Inc. (NYSE:HZO) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. decreased its position in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 6.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,408,255 shares of the specialty retailer's stock after selling 101,301 shares during the period. Vanguard Group Inc. owned 6.32% of MarineMax worth $46,219,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of HZO. Assenagon Asset Management S.A. increased its holdings in shares of MarineMax by 31.3% during the third quarter. Assenagon Asset Management S.A. now owns 73,707 shares of the specialty retailer's stock valued at $2,419,000 after acquiring an additional 17,579 shares in the last quarter. Jump Financial LLC increased its holdings in shares of MarineMax by 101.8% in the third quarter. Jump Financial LLC now owns 33,507 shares of the specialty retailer's stock valued at $1,100,000 after purchasing an additional 16,907 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of MarineMax by 438.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 56,500 shares of the specialty retailer's stock worth $1,854,000 after purchasing an additional 46,000 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of MarineMax by 7.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 424,845 shares of the specialty retailer's stock worth $13,943,000 after purchasing an additional 28,539 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in MarineMax by 29.6% in the third quarter. Janney Montgomery Scott LLC now owns 17,607 shares of the specialty retailer's stock valued at $578,000 after buying an additional 4,022 shares during the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Price Performance

Shares of MarineMax stock traded down $1.89 during mid-day trading on Wednesday, reaching $27.50. 618,985 shares of the stock traded hands, compared to its average volume of 310,837. The stock has a market capitalization of $613.25 million, a PE ratio of 6.83 and a beta of 1.69. The business has a 50-day moving average of $31.24 and a 200 day moving average of $31.89. MarineMax, Inc. has a fifty-two week low of $25.60 and a fifty-two week high of $42.88. The company has a quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 0.41.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings data on Thursday, January 25th. The specialty retailer reported $0.19 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.37). MarineMax had a net margin of 3.75% and a return on equity of 10.44%. The firm had revenue of $527.30 million during the quarter, compared to analyst estimates of $524.76 million. During the same period in the prior year, the company posted $1.24 earnings per share. The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. On average, analysts predict that MarineMax, Inc. will post 3.46 EPS for the current year.

Insider Activity

In other MarineMax news, EVP Charles A. Cashman sold 7,500 shares of the firm's stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $29.76, for a total value of $223,200.00. Following the transaction, the executive vice president now directly owns 63,981 shares of the company's stock, valued at approximately $1,904,074.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other MarineMax news, EVP Charles A. Cashman sold 7,500 shares of the company's stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $29.76, for a total value of $223,200.00. Following the completion of the sale, the executive vice president now directly owns 63,981 shares in the company, valued at approximately $1,904,074.56. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Clint Moore sold 4,000 shares of the firm's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $31.12, for a total value of $124,480.00. Following the completion of the sale, the director now directly owns 20,544 shares of the company's stock, valued at $639,329.28. The disclosure for this sale can be found here. Company insiders own 4.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HZO. DA Davidson restated a "buy" rating and set a $34.00 price objective on shares of MarineMax in a research note on Friday, March 15th. Truist Financial upped their price target on MarineMax from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, January 9th. Finally, StockNews.com lowered MarineMax from a "hold" rating to a "sell" rating in a report on Saturday, January 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $39.00.

MarineMax Company Profile

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.