American Century Companies Inc. Sells 88,486 Shares of MarineMax, Inc. $HZO

American Century Companies Inc. trimmed its position in shares of MarineMax, Inc. (NYSE:HZO) by 3.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,343,687 shares of the specialty retailer’s stock after selling 88,486 shares during the quarter. American Century Companies Inc. owned about 10.92% of MarineMax worth $59,366,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of HZO. Invesco Ltd. raised its stake in shares of MarineMax by 115.6% during the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock worth $18,002,000 after acquiring an additional 383,926 shares in the last quarter. Gagnon Securities LLC acquired a new position in shares of MarineMax during the third quarter worth $6,620,000. CenterBook Partners LP lifted its holdings in shares of MarineMax by 183.8% during the 3rd quarter. CenterBook Partners LP now owns 304,718 shares of the specialty retailer’s stock valued at $7,719,000 after purchasing an additional 197,336 shares during the last quarter. Gagnon Advisors LLC acquired a new stake in shares of MarineMax in the 3rd quarter worth $3,846,000. Finally, Goldman Sachs Group Inc. grew its stake in MarineMax by 69.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock worth $7,496,000 after buying an additional 142,775 shares during the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Stock Down 0.3%

Shares of HZO stock opened at $29.65 on Thursday. MarineMax, Inc. has a twelve month low of $16.85 and a twelve month high of $32.00. The stock has a market cap of $653.19 million, a P/E ratio of -11.06 and a beta of 1.66. The stock has a 50 day moving average of $27.95 and a 200 day moving average of $26.17. The company has a current ratio of 1.19, a quick ratio of 0.29 and a debt-to-equity ratio of 0.37.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, January 29th. The specialty retailer reported ($0.21) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.09). The company had revenue of $505.18 million during the quarter, compared to analysts’ expectations of $481.67 million. MarineMax had a positive return on equity of 1.13% and a negative net margin of 2.46%.The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 EPS. As a group, sell-side analysts expect that MarineMax, Inc. will post 2.41 EPS for the current year.

MarineMax declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 4th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the specialty retailer to buy up to 15.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently commented on HZO shares. Citigroup reiterated a “buy” rating on shares of MarineMax in a research note on Wednesday, January 14th. Zacks Research upgraded shares of MarineMax from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Weiss Ratings reissued a “sell (d)” rating on shares of MarineMax in a research report on Thursday, January 22nd. Loop Capital began coverage on MarineMax in a research note on Monday, December 22nd. They issued a “buy” rating and a $29.00 target price for the company. Finally, Wall Street Zen upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Saturday, November 22nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, MarineMax presently has an average rating of “Moderate Buy” and a consensus price target of $30.80.

About MarineMax

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.