MarineMax, Inc. (NYSE:HZO) Stock Holdings Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. reduced its position in MarineMax, Inc. (NYSE:HZO) by 3.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,268 shares of the specialty retailer’s stock after selling 1,397 shares during the period. Assenagon Asset Management S.A. owned about 0.16% of MarineMax worth $801,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HZO. Smartleaf Asset Management LLC grew its position in 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 grew its position in MarineMax by 49.6% during the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 585 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in MarineMax during the fourth quarter valued at approximately $82,000. KLP Kapitalforvaltning AS purchased a new position in MarineMax during the fourth quarter valued at approximately $113,000. Finally, Quantbot Technologies LP purchased a new position in MarineMax during the fourth quarter valued at approximately $129,000. 92.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. Citigroup boosted their target price on shares of MarineMax from $29.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday. Truist Financial reduced their price objective on shares of MarineMax from $38.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, April 14th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $36.50.

MarineMax Price Performance

NYSE:HZO opened at $25.47 on Thursday. The stock has a market cap of $546.76 million, a P/E ratio of 10.39 and a beta of 1.58. MarineMax, Inc. has a one year low of $16.85 and a one year high of $38.20. The company has a fifty day moving average price of $21.96 and a 200 day moving average price of $25.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.16 and a quick ratio of 0.31.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $631.52 million during the quarter, compared to analysts’ expectations of $580.12 million. MarineMax had a net margin of 2.35% and a return on equity of 5.01%. The business’s revenue was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.18 EPS. Analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share 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.