MarineMax, Inc. (NYSE:HZO) Shares Sold by Public Employees Retirement Association of Colorado

Public Employees Retirement Association of Colorado cut its stake in shares of MarineMax, Inc. (NYSE:HZO) by 9.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,775 shares of the specialty retailer’s stock after selling 403 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in MarineMax were worth $122,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Capstone Investment Advisors LLC acquired a new stake in shares of MarineMax in the 4th quarter worth $220,000. Price T Rowe Associates Inc. MD raised its stake in shares of MarineMax by 17.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock worth $205,000 after buying an additional 924 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of MarineMax by 45.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,897 shares of the specialty retailer’s stock valued at $296,000 after buying an additional 2,800 shares during the period. Illinois Municipal Retirement Fund boosted its stake in shares of MarineMax by 14.1% in the first quarter. Illinois Municipal Retirement Fund now owns 12,589 shares of the specialty retailer’s stock valued at $419,000 after buying an additional 1,551 shares in the last quarter. Finally, UniSuper Management Pty Ltd acquired a new position in MarineMax during the first quarter worth $437,000. 92.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HZO has been the topic of several research analyst reports. Truist Financial boosted their target price on shares of MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, July 26th. StockNews.com cut shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd. DA Davidson boosted their price target on MarineMax from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. B. Riley dropped their price objective on MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a research note on Wednesday, July 10th. Finally, Stifel Nicolaus boosted their target price on MarineMax from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $42.20.

MarineMax Trading Up 1.7 %

Shares of HZO opened at $35.62 on Monday. MarineMax, Inc. has a 1-year low of $22.51 and a 1-year high of $39.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 0.36. The firm has a 50 day simple moving average of $32.35 and a 200-day simple moving average of $30.96. The stock has a market cap of $794.36 million, a price-to-earnings ratio of 12.91 and a beta of 1.82.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.16. The company had revenue of $757.72 million during the quarter, compared to analysts’ expectations of $720.30 million. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.07 earnings per share. Equities analysts forecast that MarineMax, Inc. will post 2.33 EPS for the current fiscal year.

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.