Landscape Capital Management L.L.C. Sells 26,368 Shares of MarineMax, Inc. (NYSE:HZO)

Landscape Capital Management L.L.C. reduced its holdings in MarineMax, Inc. (NYSE:HZO) by 24.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 79,712 shares of the specialty retailer’s stock after selling 26,368 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.36% of MarineMax worth $2,811,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Canada Pension Plan Investment Board purchased a new stake in MarineMax in the second quarter worth $52,000. Bfsg LLC lifted its stake in shares of MarineMax by 19.1% during the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 681 shares during the last quarter. James Investment Research Inc. bought a new stake in MarineMax during the third quarter valued at about $203,000. Price T Rowe Associates Inc. MD grew its stake in MarineMax by 17.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock valued at $205,000 after purchasing an additional 924 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in MarineMax by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock worth $267,000 after purchasing an additional 408 shares in the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HZO has been the subject of several recent analyst reports. Citigroup upgraded shares of MarineMax from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $40.00 to $44.00 in a research note on Monday, September 9th. DA Davidson increased their price objective on MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Benchmark began coverage on MarineMax in a research report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price objective for the company. StockNews.com lowered MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd. Finally, Truist Financial boosted their price target on MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat, MarineMax currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.83.

MarineMax Stock Down 2.1 %

Shares of HZO stock opened at $28.96 on Thursday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. MarineMax, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $39.85. The firm has a market capitalization of $654.21 million, a PE ratio of 17.55 and a beta of 1.85. The stock’s 50-day simple moving average is $31.87 and its 200-day simple moving average is $31.50.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The company had revenue of $563.10 million for the quarter, compared to the consensus estimate of $576.49 million. During the same quarter in the prior year, the company earned $0.69 EPS. MarineMax’s quarterly revenue was down 5.3% on a year-over-year basis. Equities analysts expect that MarineMax, Inc. will post 2.33 earnings per share for the current year.

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.