MarineMax, Inc. (NYSE:HZO) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board boosted its holdings in MarineMax, Inc. (NYSE:HZO) by 7.9% during the second quarter, HoldingsChannel.com reports. The fund owned 44,654 shares of the specialty retailer’s stock after acquiring an additional 3,273 shares during the period. Public Sector Pension Investment Board’s holdings in MarineMax were worth $1,445,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of HZO. Janus Henderson Group PLC raised its position in shares of MarineMax by 3.3% during the 1st quarter. Janus Henderson Group PLC now owns 16,616 shares of the specialty retailer’s stock worth $553,000 after purchasing an additional 529 shares during the period. Texas Permanent School Fund Corp grew its stake in MarineMax by 3.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 17,628 shares of the specialty retailer’s stock worth $586,000 after buying an additional 536 shares during the last quarter. SummerHaven Investment Management LLC increased its position in MarineMax by 2.9% in the second quarter. SummerHaven Investment Management LLC now owns 20,150 shares of the specialty retailer’s stock worth $652,000 after buying an additional 567 shares during the period. Swiss National Bank lifted its stake in MarineMax by 1.8% in the first quarter. Swiss National Bank now owns 39,600 shares of the specialty retailer’s stock valued at $1,317,000 after buying an additional 700 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted 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 buying an additional 924 shares during the last quarter. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Trading Down 1.0 %

MarineMax stock opened at $35.28 on Tuesday. MarineMax, Inc. has a 12-month low of $22.51 and a 12-month high of $39.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 0.36. The stock has a market capitalization of $786.78 million, a PE ratio of 12.78 and a beta of 1.82. The firm has a 50 day simple moving average of $32.35 and a 200-day simple moving average of $30.96.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.16. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The company had revenue of $757.72 million for the quarter, compared to analysts’ expectations of $720.30 million. During the same period last year, the firm earned $2.07 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities research analysts expect that MarineMax, Inc. will post 2.33 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. StockNews.com cut shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd. DA Davidson raised their price target on shares of MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. B. Riley reduced their price objective on MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, July 10th. Stifel Nicolaus raised their target price on MarineMax from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, Truist Financial lifted their target price on MarineMax from $35.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $42.20.

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.