MarineMax, Inc. $HZO Shares Sold by Rhumbline Advisers

Rhumbline Advisers reduced its stake in MarineMax, Inc. (NYSE:HZO) by 3.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,887 shares of the specialty retailer’s stock after selling 2,273 shares during the period. Rhumbline Advisers owned approximately 0.32% of MarineMax worth $1,481,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. American Century Companies Inc. raised its stake in MarineMax by 2.7% during the 1st quarter. American Century Companies Inc. now owns 2,086,340 shares of the specialty retailer’s stock worth $44,856,000 after acquiring an additional 53,872 shares in the last quarter. Vanguard Group Inc. increased its position in MarineMax by 2.5% in the 1st quarter. Vanguard Group Inc. now owns 1,532,153 shares of the specialty retailer’s stock valued at $32,941,000 after acquiring an additional 37,154 shares during the period. Broad Bay Capital Management LP increased its stake in MarineMax by 22.6% in the 1st quarter. Broad Bay Capital Management LP now owns 843,756 shares of the specialty retailer’s stock valued at $18,141,000 after buying an additional 155,750 shares during the period. Private Management Group Inc. increased its position in MarineMax by 5.9% during the 1st quarter. Private Management Group Inc. now owns 559,096 shares of the specialty retailer’s stock worth $12,021,000 after purchasing an additional 31,226 shares during the period. Finally, Levin Capital Strategies L.P. increased its position in MarineMax by 42.3% during the 1st quarter. Levin Capital Strategies L.P. now owns 508,287 shares of the specialty retailer’s stock worth $10,928,000 after purchasing an additional 150,976 shares during the period. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HZO shares. Citigroup restated a “buy” rating and issued a $32.00 price target (up previously from $29.00) on shares of MarineMax in a report on Monday, June 16th. Wall Street Zen cut shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, B. Riley reiterated a “buy” rating on shares of MarineMax in a report on Friday, July 25th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $33.25.

MarineMax Price Performance

NYSE HZO opened at $26.06 on Friday. The company’s 50 day simple moving average is $25.21 and its 200 day simple moving average is $23.61. The firm has a market capitalization of $559.33 million, a PE ratio of -19.45 and a beta of 1.57. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.21 and a quick ratio of 0.29. MarineMax, Inc. has a 12 month low of $16.85 and a 12 month high of $36.81.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.67). The business had revenue of $657.16 million for the quarter, compared to analysts’ expectations of $737.82 million. MarineMax had a negative net margin of 1.15% and a positive return on equity of 2.63%. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.51 EPS. MarineMax has set its FY 2025 guidance at 0.450-0.950 EPS. As a group, equities research analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Insider Activity at MarineMax

In other news, CEO W Brett Mcgill sold 60,000 shares of MarineMax stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $27.53, for a total value of $1,651,800.00. Following the completion of the transaction, the chief executive officer owned 173,038 shares in the company, valued at approximately $4,763,736.14. The trade was a 25.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 4.00% of the stock is owned by company insiders.

About MarineMax

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.