Empowered Funds LLC bought a new stake in MarineMax, Inc. (NYSE:HZO – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 111,769 shares of the specialty retailer’s stock, valued at approximately $4,093,000. Empowered Funds LLC owned about 0.51% of MarineMax at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in HZO. AQR Capital Management LLC lifted its position in shares of MarineMax by 3.9% in the 4th quarter. AQR Capital Management LLC now owns 9,471 shares of the specialty retailer’s stock worth $229,000 after purchasing an additional 358 shares during the period. GAMMA Investing LLC raised its stake in MarineMax by 22.8% during the second quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock worth $71,000 after buying an additional 360 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its stake in MarineMax by 1.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 37,578 shares of the specialty retailer’s stock worth $911,000 after buying an additional 403 shares during the last quarter. RBF Capital LLC lifted its holdings in MarineMax by 0.5% in the fourth quarter. RBF Capital LLC now owns 80,420 shares of the specialty retailer’s stock valued at $1,949,000 after buying an additional 420 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in MarineMax by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock valued at $278,000 after buying an additional 546 shares during the period. Institutional investors own 92.85% of the company’s stock.
MarineMax Trading Down 0.1%
NYSE:HZO opened at $52.15 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 372.50 and a beta of 1.58. The firm has a fifty day simple moving average of $40.62 and a two-hundred day simple moving average of $33.87. MarineMax, Inc. has a 12 month low of $21.42 and a 12 month high of $52.46.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on HZO shares. B. Riley Financial downgraded MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a report on Tuesday, July 21st. Benchmark downgraded MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings upgraded MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Truist Financial cut MarineMax from a “buy” rating to a “hold” rating and raised their target price for the stock from $39.00 to $53.00 in a research note on Wednesday, August 12th. Finally, Northcoast Research downgraded MarineMax from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 12th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $43.00.
View Our Latest Analysis on MarineMax
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.
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