SG Americas Securities LLC Makes New $726,000 Investment in MarineMax, Inc. (NYSE:HZO)

SG Americas Securities LLC bought a new stake in MarineMax, Inc. (NYSE:HZO) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 33,773 shares of the specialty retailer’s stock, valued at approximately $726,000. SG Americas Securities LLC owned 0.15% of MarineMax at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HZO. Invesco Ltd. increased its stake in MarineMax by 17.3% during the 4th quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer’s stock valued at $10,060,000 after buying an additional 51,352 shares during the period. Raymond James Financial Inc. acquired a new position in shares of MarineMax in the fourth quarter worth about $572,000. SWS Partners acquired a new stake in shares of MarineMax during the fourth quarter worth approximately $595,000. Smartleaf Asset Management LLC boosted its holdings 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 worth $43,000 after purchasing an additional 1,058 shares during the period. Finally, Vanguard Group Inc. lifted its stake in MarineMax by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer’s stock valued at $43,280,000 after acquiring an additional 20,909 shares during the last quarter. 92.85% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Truist Financial dropped their price target on shares of MarineMax from $38.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Citigroup reissued a “buy” rating and set a $32.00 price objective (up from $29.00) on shares of MarineMax in a report on Monday, June 16th. 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 data from MarketBeat, MarineMax currently has an average rating of “Buy” and an average price target of $36.50.

MarineMax Trading Down 0.5%

NYSE:HZO opened at $25.29 on Friday. The company has a market cap of $543.06 million, a P/E ratio of 10.32 and a beta of 1.58. The company has a quick ratio of 0.31, a current ratio of 1.16 and a debt-to-equity ratio of 0.34. MarineMax, Inc. has a twelve month low of $16.85 and a twelve month high of $38.20. The business has a 50 day moving average price of $22.21 and a two-hundred day moving average price of $25.10.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.23 EPS for the quarter, topping 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 was up 8.3% on a year-over-year basis. During the same quarter last year, the business earned $0.18 earnings per share. As a group, analysts expect that MarineMax, Inc. will post 2.41 EPS for the current fiscal 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.