Levin Capital Strategies L.P. Sells 273,919 Shares of MarineMax, Inc. (NYSE:HZO)

Levin Capital Strategies L.P. decreased its holdings in MarineMax, Inc. (NYSE:HZO - Free Report) by 38.7% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 434,520 shares of the specialty retailer's stock after selling 273,919 shares during the quarter. MarineMax accounts for approximately 1.8% of Levin Capital Strategies L.P.'s holdings, making the stock its 19th biggest holding. Levin Capital Strategies L.P. owned 1.95% of MarineMax worth $16,903,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HZO. Charles Schwab Investment Management Inc. increased its position in shares of MarineMax by 7.2% during the 3rd 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 in the last quarter. Private Management Group Inc. increased its position in shares of MarineMax by 5.2% during the 4th quarter. Private Management Group Inc. now owns 422,643 shares of the specialty retailer's stock worth $16,441,000 after purchasing an additional 20,782 shares in the last quarter. Invesco Ltd. increased its position in shares of MarineMax by 3.6% during the 3rd quarter. Invesco Ltd. now owns 248,337 shares of the specialty retailer's stock worth $8,150,000 after purchasing an additional 8,685 shares in the last quarter. Barclays PLC increased its position in MarineMax by 386.0% in the 3rd quarter. Barclays PLC now owns 110,446 shares of the specialty retailer's stock valued at $3,625,000 after acquiring an additional 87,722 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in MarineMax by 25.1% in the 4th quarter. Assenagon Asset Management S.A. now owns 92,191 shares of the specialty retailer's stock valued at $3,586,000 after acquiring an additional 18,484 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company's stock.

MarineMax Trading Up 3.0 %

Shares of NYSE HZO traded up $0.74 during mid-day trading on Thursday, hitting $25.25. The company's stock had a trading volume of 298,548 shares, compared to its average volume of 333,371. The stock has a market cap of $563.08 million, a price-to-earnings ratio of 9.15 and a beta of 1.78. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.24 and a quick ratio of 0.34. MarineMax, Inc. has a one year low of $22.51 and a one year high of $42.88. The company's fifty day simple moving average is $29.70 and its 200-day simple moving average is $31.28.

MarineMax (NYSE:HZO - Get Free Report) last issued its earnings results on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.55). MarineMax had a net margin of 2.56% and a return on equity of 7.66%. The business had revenue of $582.90 million during the quarter, compared to the consensus estimate of $590.19 million. During the same period last year, the business posted $1.23 EPS. The firm's revenue for the quarter was up 2.2% compared to the same quarter last year. On average, sell-side analysts anticipate that MarineMax, Inc. will post 2.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

HZO has been the subject of several research reports. Truist Financial lowered their price objective on shares of MarineMax from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, April 26th. Stifel Nicolaus lowered their price objective on shares of MarineMax from $37.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, April 26th. StockNews.com cut shares of MarineMax from a "hold" rating to a "sell" rating in a research report on Saturday, January 27th. Finally, DA Davidson restated a "buy" rating and issued a $34.00 price objective on shares of MarineMax in a research report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $36.75.

Insider Buying and Selling

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

MarineMax 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.