MarineMax, Inc. (NYSE:HZO) Given Consensus Recommendation of “Hold” by Brokerages

MarineMax, Inc. (NYSE:HZO) has earned an average rating of “Hold” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $34.00.

Several brokerages have recently commented on HZO. Zacks Research downgraded MarineMax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. B. Riley reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, July 25th. Weiss Ratings reiterated a “sell (d)” rating on shares of MarineMax in a report 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 research report on Wednesday, October 15th. Finally, Wall Street Zen cut shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th.

MarineMax Trading Up 1.2%

MarineMax stock opened at $23.68 on Friday. The stock has a 50-day simple moving average of $25.69 and a 200 day simple moving average of $24.67. The stock has a market capitalization of $508.27 million, a P/E ratio of -17.67 and a beta of 1.60. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.29 and a current ratio of 1.21. MarineMax has a 52 week low of $16.85 and a 52 week high of $35.46.

Insider Transactions at MarineMax

In other MarineMax news, CEO W Brett Mcgill sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $27.53, for a total transaction of $1,651,800.00. Following the completion of the sale, the chief executive officer directly owned 173,038 shares in the company, valued at $4,763,736.14. This trade represents a 25.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. American Century Companies Inc. raised its position in shares of MarineMax by 16.6% in 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 buying an additional 345,833 shares in the last quarter. Vanguard Group Inc. grew its position in MarineMax by 2.5% during the first quarter. Vanguard Group Inc. now owns 1,532,153 shares of the specialty retailer’s stock worth $32,941,000 after buying an additional 37,154 shares in the last quarter. Broad Bay Capital Management LP increased its stake in MarineMax by 22.6% during the 1st quarter. Broad Bay Capital Management LP now owns 843,756 shares of the specialty retailer’s stock worth $18,141,000 after acquiring an additional 155,750 shares during the period. Levin Capital Strategies L.P. raised its holdings in MarineMax by 44.5% in the 2nd quarter. Levin Capital Strategies L.P. now owns 734,279 shares of the specialty retailer’s stock valued at $18,460,000 after acquiring an additional 225,992 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in MarineMax by 115.6% in the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after acquiring an additional 383,926 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

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.