Royce & Associates LP Acquires 114,880 Shares of MarineMax, Inc. (NYSE:HZO)

Royce & Associates LP lifted its position in MarineMax, Inc. (NYSE:HZO) by 45.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 368,826 shares of the specialty retailer’s stock after buying an additional 114,880 shares during the period. Royce & Associates LP owned about 1.65% of MarineMax worth $13,008,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of MarineMax by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock worth $46,767,000 after buying an additional 110,601 shares in the last quarter. Millennium Management LLC lifted its stake in shares of MarineMax by 22.7% in the second quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock worth $13,012,000 after buying an additional 74,451 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of MarineMax by 60.0% in the second quarter. Victory Capital Management Inc. now owns 55,243 shares of the specialty retailer’s stock worth $1,788,000 after buying an additional 20,724 shares in the last quarter. Sei Investments Co. lifted its stake in shares of MarineMax by 1.6% in the first quarter. Sei Investments Co. now owns 301,781 shares of the specialty retailer’s stock worth $10,037,000 after buying an additional 4,825 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its stake in shares of MarineMax by 342.7% in the second quarter. Assenagon Asset Management S.A. now owns 29,785 shares of the specialty retailer’s stock worth $964,000 after buying an additional 23,057 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

MarineMax Stock Down 2.7 %

Shares of HZO stock opened at $29.39 on Friday. MarineMax, Inc. has a 12 month low of $22.51 and a 12 month high of $39.85. The stock has a market cap of $655.98 million, a P/E ratio of 17.81 and a beta of 1.85. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. The company has a 50 day simple moving average of $31.90 and a two-hundred day simple moving average of $31.35.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on HZO. Benchmark assumed coverage on shares of MarineMax in a research note on Tuesday, October 15th. They issued a “buy” rating and a $40.00 target price on the stock. StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd. DA Davidson increased their price objective on shares of MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. Citigroup upgraded shares of MarineMax from a “neutral” rating to a “buy” rating and increased their price objective for the company from $40.00 to $44.00 in a research report on Monday, September 9th. Finally, Truist Financial increased their price objective on shares of MarineMax from $35.00 to $44.00 and gave the company a “buy” rating in a research report on Friday, July 26th. One research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $41.83.

MarineMax 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.