State Street Corp Sells 1,734 Shares of MarineMax, Inc. (NYSE:HZO)

State Street Corp reduced its holdings in MarineMax, Inc. (NYSE:HZO) by 0.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 923,755 shares of the specialty retailer’s stock after selling 1,734 shares during the period. State Street Corp owned approximately 4.14% of MarineMax worth $32,581,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in HZO. Canada Pension Plan Investment Board purchased a new stake in MarineMax during the 2nd quarter valued at $52,000. Point72 Asia Singapore Pte. Ltd. bought a new position in MarineMax during the third quarter valued at $67,000. Point72 Asset Management L.P. bought a new position in MarineMax during the third quarter valued at $143,000. Bfsg LLC raised its stake in shares of MarineMax by 19.1% in the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after acquiring an additional 681 shares during the period. Finally, Systematic Financial Management LP bought a new stake in shares of MarineMax in the 3rd quarter worth about $183,000. 92.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

HZO has been the topic of a number of recent analyst reports. Benchmark initiated coverage on shares of MarineMax in a research report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price objective on the stock. Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and increased their price target for the stock from $40.00 to $44.00 in a report on Monday, September 9th. Finally, StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a report on Wednesday. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.83.

MarineMax Stock Performance

Shares of NYSE:HZO opened at $28.35 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. The firm has a market cap of $640.57 million, a PE ratio of 17.18 and a beta of 1.87. The firm’s 50 day simple moving average is $30.96 and its 200-day simple moving average is $32.04. MarineMax, Inc. has a one year low of $22.51 and a one year high of $39.85.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, topping the consensus estimate of $0.18 by $0.06. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The company had revenue of $563.10 million for the quarter, compared to the consensus estimate of $576.49 million. During the same period last year, the business posted $0.69 EPS. MarineMax’s quarterly revenue was down 5.3% on a year-over-year basis. As a group, equities analysts predict that MarineMax, Inc. will post 2.33 EPS for the current year.

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.