Nuveen Asset Management LLC Has $2.33 Million Stake in MarineMax, Inc. (NYSE:HZO)

Nuveen Asset Management LLC lessened its holdings in shares of MarineMax, Inc. (NYSE:HZO) by 2.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 80,341 shares of the specialty retailer’s stock after selling 1,953 shares during the period. Nuveen Asset Management LLC owned about 0.35% of MarineMax worth $2,326,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Ameliora Wealth Management Ltd. acquired a new stake in MarineMax during the fourth quarter worth approximately $510,000. Empowered Funds LLC grew its holdings in shares of MarineMax by 4.7% during the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock worth $651,000 after purchasing an additional 1,006 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of MarineMax by 4.1% in the fourth quarter. Principal Financial Group Inc. now owns 96,504 shares of the specialty retailer’s stock worth $2,794,000 after purchasing an additional 3,779 shares during the period. Acuitas Investments LLC raised its stake in MarineMax by 9.3% in the fourth quarter. Acuitas Investments LLC now owns 83,800 shares of the specialty retailer’s stock valued at $2,426,000 after purchasing an additional 7,131 shares in the last quarter. Finally, Peregrine Capital Management LLC lifted its position in MarineMax by 30.8% during the fourth quarter. Peregrine Capital Management LLC now owns 154,605 shares of the specialty retailer’s stock worth $4,476,000 after purchasing an additional 36,411 shares during the period. 92.85% of the stock is owned by institutional investors.

MarineMax Stock Down 2.1%

Shares of HZO opened at $20.75 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. MarineMax, Inc. has a 52 week low of $16.85 and a 52 week high of $38.20. The stock has a market capitalization of $445.56 million, a price-to-earnings ratio of 8.72 and a beta of 1.69. The stock has a fifty day moving average of $21.08 and a 200-day moving average of $25.72.

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

Analyst Ratings Changes

HZO has been the topic of several recent analyst reports. B. Riley raised shares of MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. Truist Financial lowered their price objective on shares of MarineMax from $38.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $38.50.

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.