MarineMax, Inc. (NYSE:HZO) Shares Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC grew its stake in MarineMax, Inc. (NYSE:HZO) by 7.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 20,066 shares of the specialty retailer’s stock after buying an additional 1,319 shares during the quarter. Janus Henderson Group PLC’s holdings in MarineMax were worth $707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in HZO. Algert Global LLC purchased a new position in MarineMax in the third quarter valued at $4,949,000. Concentric Capital Strategies LP acquired a new stake in shares of MarineMax during the 3rd quarter valued at about $4,832,000. Royce & Associates LP increased its stake in shares of MarineMax by 45.2% in the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock valued at $13,008,000 after purchasing an additional 114,880 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in MarineMax by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock worth $46,767,000 after purchasing an additional 110,601 shares during the period. Finally, Shellback Capital LP boosted 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 purchasing an additional 90,476 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Trading Up 0.5 %

Shares of HZO stock opened at $30.69 on Friday. MarineMax, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $39.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. The stock’s fifty day moving average is $30.97 and its two-hundred day moving average is $32.04. The firm has a market capitalization of $693.29 million, a P/E ratio of 18.60 and a beta of 1.87.

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

Analyst Upgrades and Downgrades

HZO has been the subject of a number of recent analyst reports. Benchmark started coverage on MarineMax in a research report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price objective for the company. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $40.00 to $44.00 in a report on Monday, September 9th. Finally, StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Monday, December 9th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $41.83.

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.