UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.71 Million Position in MarineMax, Inc. (NYSE:HZO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in MarineMax, Inc. (NYSE:HZO) by 4.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,075 shares of the specialty retailer’s stock after selling 2,804 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.26% of MarineMax worth $1,710,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of MarineMax by 211.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 1,058 shares in the last quarter. US Bancorp DE raised its position in shares of MarineMax by 49.6% in the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $51,000 after buying an additional 585 shares in the last quarter. Aquatic Capital Management LLC bought a new stake in shares of MarineMax during the 4th quarter valued at about $82,000. KLP Kapitalforvaltning AS purchased a new position in MarineMax in the 4th quarter worth approximately $113,000. Finally, Quantbot Technologies LP purchased a new stake in MarineMax during the fourth quarter valued at about $129,000. 92.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. B. Riley upgraded shares of MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th. Truist Financial lowered their price objective on MarineMax from $38.00 to $26.00 and set a “buy” rating for the company in a research report on Monday, April 14th. One 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $38.50.

MarineMax Trading Up 2.3%

NYSE:HZO opened at $22.46 on Monday. MarineMax, Inc. has a one year low of $16.85 and a one year high of $38.20. The firm has a market capitalization of $482.24 million, a price-to-earnings ratio of 9.44 and a beta of 1.58. The business has a fifty day moving average price of $21.07 and a 200-day moving average price of $25.52. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.23 EPS for the quarter, beating the consensus estimate of $0.16 by $0.07. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The business had revenue of $631.52 million during the quarter, compared to the consensus estimate of $580.12 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The business’s revenue was up 8.3% on a year-over-year basis. Sell-side 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.