First Eagle Investment Management LLC Has $6.04 Million Stake in MarineMax, Inc. $HZO

First Eagle Investment Management LLC grew its stake in shares of MarineMax, Inc. (NYSE:HZO) by 23.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 240,235 shares of the specialty retailer’s stock after buying an additional 45,000 shares during the period. First Eagle Investment Management LLC owned approximately 1.12% of MarineMax worth $6,040,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Principal Financial Group Inc. boosted its stake in MarineMax by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 99,611 shares of the specialty retailer’s stock worth $2,142,000 after acquiring an additional 3,107 shares during the last quarter. Victory Capital Management Inc. raised its holdings in MarineMax by 31.6% in the first quarter. Victory Capital Management Inc. now owns 152,597 shares of the specialty retailer’s stock worth $3,281,000 after purchasing an additional 36,606 shares during the period. Private Management Group Inc. raised its holdings in MarineMax by 5.9% in the first 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. De Lisle Partners LLP boosted its position in shares of MarineMax by 6.4% during the first quarter. De Lisle Partners LLP now owns 165,549 shares of the specialty retailer’s stock worth $3,563,000 after purchasing an additional 10,000 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of MarineMax in the 1st quarter valued at $613,000. 92.85% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other MarineMax news, CEO W Brett Mcgill sold 60,000 shares of MarineMax stock in a transaction 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 sale, the chief executive officer directly owned 173,038 shares in the company, valued at approximately $4,763,736.14. The trade was a 25.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 4.00% of the company’s stock.

MarineMax Trading Up 1.2%

NYSE HZO opened at $23.68 on Friday. MarineMax, Inc. has a 52 week low of $16.85 and a 52 week high of $35.46. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.29 and a current ratio of 1.21. The stock’s 50 day moving average price is $25.69 and its two-hundred day moving average price is $24.71. The stock has a market capitalization of $508.27 million, a price-to-earnings ratio of -17.67 and a beta of 1.60.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HZO shares. Truist Financial raised their price objective on MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Zacks Research lowered MarineMax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. B. Riley reiterated a “buy” rating on shares of MarineMax in a report on Friday, July 25th. Wall Street Zen cut MarineMax from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of MarineMax in a report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, MarineMax presently has an average rating of “Hold” and a consensus target price of $34.00.

MarineMax Company 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.