Rhumbline Advisers Sells 2,273 Shares of MarineMax, Inc. (NYSE:HZO)

Rhumbline Advisers decreased its position in shares of MarineMax, Inc. (NYSE:HZO) by 3.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 68,887 shares of the specialty retailer’s stock after selling 2,273 shares during the quarter. Rhumbline Advisers owned approximately 0.30% of MarineMax worth $1,481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC boosted its stake in MarineMax by 211.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 1,058 shares during the period. US Bancorp DE boosted its stake in MarineMax by 49.6% in the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 585 shares during the period. Aquatic Capital Management LLC bought a new position in MarineMax in the 4th quarter worth about $82,000. KLP Kapitalforvaltning AS bought a new position in MarineMax in the 4th quarter worth about $113,000. Finally, Quantbot Technologies LP bought a new position in MarineMax in the 4th quarter worth about $129,000. Institutional investors own 92.85% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on HZO shares. Citigroup raised their target price on MarineMax from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday. Truist Financial dropped their price target 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 analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MarineMax currently has an average rating of “Buy” and a consensus target price of $36.50.

MarineMax Stock Performance

Shares of HZO opened at $25.47 on Thursday. The company has a market cap of $546.76 million, a PE ratio of 10.39 and a beta of 1.58. The company has a current ratio of 1.16, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The stock has a 50-day moving average price of $21.96 and a 200-day moving average price of $25.20. MarineMax, Inc. has a 12-month low of $16.85 and a 12-month high of $38.20.

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