New York State Teachers Retirement System Has $1.66 Million Stock Holdings in MarineMax, Inc. (NYSE:HZO)

New York State Teachers Retirement System trimmed its position in shares of MarineMax, Inc. (NYSE:HZO) by 3.3% during the fourth quarter, HoldingsChannel reports. The firm owned 42,635 shares of the specialty retailer’s stock after selling 1,447 shares during the quarter. New York State Teachers Retirement System’s holdings in MarineMax were worth $1,659,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fifth Third Bancorp raised its stake in MarineMax by 442.3% during the 3rd quarter. Fifth Third Bancorp now owns 770 shares of the specialty retailer’s stock worth $25,000 after buying an additional 628 shares during the period. US Bancorp DE increased its holdings in shares of MarineMax by 149.0% in the first quarter. US Bancorp DE now owns 757 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 453 shares in the last quarter. Amundi bought a new stake in shares of MarineMax in the fourth quarter worth about $46,000. Spire Wealth Management raised its position in shares of MarineMax by 58.3% during the third quarter. Spire Wealth Management now owns 1,496 shares of the specialty retailer’s stock worth $49,000 after purchasing an additional 551 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of MarineMax by 10.4% during the 2nd quarter. Captrust Financial Advisors now owns 2,931 shares of the specialty retailer’s stock valued at $106,000 after purchasing an additional 275 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on HZO. StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. DA Davidson reiterated a “buy” rating and issued a $34.00 price target on shares of MarineMax in a report on Friday, March 15th. Finally, Truist Financial raised their price objective on shares of MarineMax from $40.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

Insider Activity at MarineMax

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

MarineMax Stock Down 1.5 %

Shares of MarineMax stock opened at $27.03 on Wednesday. The firm has a market cap of $602.66 million, a PE ratio of 6.69 and a beta of 1.69. The business’s 50 day simple moving average is $30.96 and its 200 day simple moving average is $31.72. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 1.28. MarineMax, Inc. has a 52-week low of $25.60 and a 52-week high of $42.88.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, January 25th. The specialty retailer reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.37). The business had revenue of $527.30 million for the quarter, compared to the consensus estimate of $524.76 million. MarineMax had a return on equity of 10.44% and a net margin of 3.75%. MarineMax’s revenue was up 3.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 earnings per share. On average, analysts predict that MarineMax, Inc. will post 3.46 earnings per share for the current fiscal year.

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.