Victory Capital Management Inc. Buys 74,173 Shares of MarineMax, Inc. (NYSE:HZO)

Victory Capital Management Inc. lifted its stake in shares of MarineMax, Inc. (NYSE:HZO) by 134.3% during the third quarter, HoldingsChannel.com reports. The firm owned 129,416 shares of the specialty retailer’s stock after purchasing an additional 74,173 shares during the quarter. Victory Capital Management Inc.’s holdings in MarineMax were worth $4,565,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HZO. Levin Capital Strategies L.P. grew its position in MarineMax by 140.6% during the first quarter. Levin Capital Strategies L.P. now owns 1,045,514 shares of the specialty retailer’s stock worth $34,774,000 after buying an additional 610,994 shares in the last quarter. Dimensional Fund Advisors LP grew its position in MarineMax by 8.3% during 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. Shellback Capital LP grew its position in MarineMax by 44.1% during the second quarter. Shellback Capital LP now owns 295,633 shares of the specialty retailer’s stock worth $9,570,000 after buying an additional 90,476 shares in the last quarter. Millennium Management LLC grew its position in MarineMax by 22.7% during 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. Finally, Assenagon Asset Management S.A. grew its position in MarineMax by 212.4% during the third quarter. Assenagon Asset Management S.A. now owns 93,056 shares of the specialty retailer’s stock worth $3,282,000 after buying an additional 63,271 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on HZO. StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd. Benchmark assumed coverage on MarineMax in a report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price objective for the company. Truist Financial upped their price objective on MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Finally, Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $40.00 to $44.00 in a report on Monday, September 9th. One analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, MarineMax currently has an average rating of “Moderate Buy” and a consensus target price of $41.83.

MarineMax Trading Up 2.9 %

NYSE:HZO opened at $30.57 on Friday. MarineMax, Inc. has a one year low of $22.51 and a one year high of $39.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.34. The company’s 50-day simple moving average is $31.82 and its 200 day simple moving average is $31.47. The firm has a market capitalization of $690.62 million, a P/E ratio of 18.01 and a beta of 1.85.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.06. The firm had revenue of $563.10 million for the quarter, compared to the consensus estimate of $576.49 million. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The business’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. As a group, analysts forecast that MarineMax, Inc. will post 2.33 EPS for the current fiscal year.

About MarineMax

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.