Permanent Capital Management LP Takes $1.07 Million Position in MarineMax, Inc. $HZO

Permanent Capital Management LP acquired a new position in MarineMax, Inc. (NYSE:HZO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 42,302 shares of the specialty retailer’s stock, valued at approximately $1,072,000. Permanent Capital Management LP owned 0.20% of MarineMax as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. American Century Companies Inc. raised its holdings in MarineMax by 16.6% during the second quarter. American Century Companies Inc. now owns 2,432,173 shares of the specialty retailer’s stock valued at $61,145,000 after acquiring an additional 345,833 shares during the period. Levin Capital Strategies L.P. grew its position in shares of MarineMax by 44.5% during the second quarter. Levin Capital Strategies L.P. now owns 734,279 shares of the specialty retailer’s stock worth $18,460,000 after purchasing an additional 225,992 shares in the last quarter. Invesco Ltd. raised its stake in MarineMax by 115.6% during the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after purchasing an additional 383,926 shares during the period. Private Management Group Inc. lifted its holdings in MarineMax by 4.3% in the 2nd quarter. Private Management Group Inc. now owns 583,220 shares of the specialty retailer’s stock worth $14,662,000 after purchasing an additional 24,124 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in MarineMax by 69.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock worth $7,496,000 after purchasing an additional 142,775 shares during the period. 92.85% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Zacks Research cut shares of MarineMax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of MarineMax in a research note on Wednesday, October 8th. Truist Financial increased their price objective on shares of MarineMax from $26.00 to $29.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Loop Capital initiated coverage on MarineMax in a report on Monday, December 22nd. They issued a “buy” rating and a $29.00 target price on the stock. Six analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $33.00.

MarineMax Price Performance

HZO stock opened at $24.54 on Monday. MarineMax, Inc. has a 52 week low of $16.85 and a 52 week high of $33.28. The firm has a market capitalization of $536.58 million, a P/E ratio of -15.83 and a beta of 1.66. The company has a fifty day simple moving average of $24.39 and a two-hundred day simple moving average of $25.14. The company has a quick ratio of 0.32, a current ratio of 1.20 and a debt-to-equity ratio of 0.38.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, November 13th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.11. The firm had revenue of $552.15 million for the quarter, compared to analysts’ expectations of $533.05 million. MarineMax had a negative net margin of 1.37% and a positive return on equity of 2.00%. The business’s revenue was down 1.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.24 EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

MarineMax Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.