MarineMax, Inc. (NYSE:HZO) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in MarineMax, Inc. (NYSE:HZO) by 7.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 61,879 shares of the specialty retailer’s stock after acquiring an additional 4,548 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in MarineMax were worth $2,182,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP boosted 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 acquiring an additional 110,601 shares during the period. Private Management Group Inc. boosted its stake in shares of MarineMax by 11.5% in the third quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer’s stock valued at $18,835,000 after purchasing an additional 55,033 shares during the period. Millennium Management LLC boosted its stake in shares of MarineMax by 22.7% in the second quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock valued at $13,012,000 after purchasing an additional 74,451 shares during the period. Royce & Associates LP grew its holdings in MarineMax by 45.2% during 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. Finally, Shellback Capital LP increased its stake in MarineMax by 44.1% during the 2nd 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 during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Price Performance

Shares of NYSE HZO opened at $30.69 on Monday. The business has a 50 day simple moving average of $30.97 and a 200-day simple moving average of $32.07. MarineMax, Inc. has a twelve month low of $22.51 and a twelve month high of $39.85. The company has a market capitalization of $693.29 million, a price-to-earnings ratio of 18.60 and a beta of 1.87. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZO) last issued its 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 company had revenue of $563.10 million for the quarter, compared to analysts’ expectations of $576.49 million. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The firm’s revenue was down 5.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. As a group, equities research analysts expect that MarineMax, Inc. will post 2.33 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on HZO. StockNews.com raised MarineMax from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Citigroup raised MarineMax from a “neutral” rating to a “buy” rating and upped their target price for the company from $40.00 to $44.00 in a research report on Monday, September 9th. Finally, Benchmark initiated coverage on shares of MarineMax in a research report on Tuesday, October 15th. They set a “buy” rating and a $40.00 price target for the company. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.83.

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.