Man Group plc Cuts Stake in MarineMax, Inc. (NYSE:HZO)

Man Group plc lessened its stake in shares of MarineMax, Inc. (NYSE:HZO) by 59.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,025 shares of the specialty retailer’s stock after selling 23,942 shares during the period. Man Group plc owned 0.07% of MarineMax worth $464,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Divisadero Street Capital Management LP purchased a new stake in MarineMax during the 4th quarter worth approximately $8,503,000. Concentric Capital Strategies LP boosted its stake in shares of MarineMax by 79.4% in the fourth quarter. Concentric Capital Strategies LP now owns 245,767 shares of the specialty retailer’s stock worth $7,115,000 after acquiring an additional 108,763 shares during the last quarter. First Eagle Investment Management LLC purchased a new stake in shares of MarineMax during the fourth quarter worth approximately $3,126,000. CenterBook Partners LP raised its stake in MarineMax by 109.6% in the 4th quarter. CenterBook Partners LP now owns 173,880 shares of the specialty retailer’s stock valued at $5,034,000 after purchasing an additional 90,915 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in MarineMax by 105.7% in the 4th quarter. BNP Paribas Financial Markets now owns 133,380 shares of the specialty retailer’s stock valued at $3,861,000 after purchasing an additional 68,544 shares in the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Truist Financial dropped their target price on shares of MarineMax from $38.00 to $26.00 and set a “buy” rating for the company in a report on Monday, April 14th. B. Riley upgraded shares of MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $38.50.

MarineMax Stock Down 1.1%

Shares of HZO opened at $21.28 on Tuesday. The stock has a fifty day simple moving average of $21.27 and a two-hundred day simple moving average of $26.05. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $456.95 million, a PE ratio of 8.94 and a beta of 1.69. MarineMax, Inc. has a 52-week low of $16.85 and a 52-week high of $38.20.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.07. The firm had revenue of $631.52 million during the quarter, compared to analysts’ expectations of $580.12 million. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. MarineMax’s revenue was up 8.3% compared to the same quarter last year. During the same period last year, the business earned $0.18 earnings per share. As a group, equities analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current 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.