MarineMax, Inc. (NYSE:HZO) Holdings Decreased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its stake in shares of MarineMax, Inc. (NYSE:HZOGet Rating) by 11.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,897 shares of the specialty retailer’s stock after selling 1,170 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in MarineMax were worth $321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HZO. Truist Financial Corp raised its stake in shares of MarineMax by 3.4% during the first quarter. Truist Financial Corp now owns 8,181 shares of the specialty retailer’s stock valued at $329,000 after purchasing an additional 267 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in shares of MarineMax by 91.6% during the first quarter. Steward Partners Investment Advisory LLC now owns 1,341 shares of the specialty retailer’s stock valued at $54,000 after purchasing an additional 641 shares in the last quarter. Versor Investments LP raised its stake in shares of MarineMax by 19.6% during the first quarter. Versor Investments LP now owns 9,329 shares of the specialty retailer’s stock valued at $376,000 after purchasing an additional 1,529 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of MarineMax by 12.8% during the first quarter. Envestnet Asset Management Inc. now owns 5,816 shares of the specialty retailer’s stock valued at $234,000 after purchasing an additional 662 shares in the last quarter. Finally, Victory Capital Management Inc. grew its holdings in MarineMax by 276.7% during the first quarter. Victory Capital Management Inc. now owns 283,925 shares of the specialty retailer’s stock worth $11,578,000 after acquiring an additional 208,545 shares during the period. 97.92% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Hilliard M. Eure sold 3,000 shares of MarineMax stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $40.75, for a total value of $122,250.00. Following the transaction, the director now owns 17,990 shares of the company’s stock, valued at approximately $733,092.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other MarineMax news, Director Rebecca White sold 4,601 shares of the firm’s stock in a transaction dated Tuesday, September 13th. The stock was sold at an average price of $32.63, for a total transaction of $150,130.63. Following the completion of the sale, the director now directly owns 17,480 shares in the company, valued at approximately $570,372.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hilliard M. Eure sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $40.75, for a total value of $122,250.00. Following the sale, the director now owns 17,990 shares of the company’s stock, valued at $733,092.50. The disclosure for this sale can be found here. 2.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HZO shares. Truist Financial lowered their target price on MarineMax from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Wednesday, October 5th. Raymond James lowered their target price on MarineMax from $66.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, October 28th. TheStreet lowered MarineMax from a “b-” rating to a “c+” rating in a report on Monday, September 26th. StockNews.com raised MarineMax from a “hold” rating to a “buy” rating in a report on Saturday, October 29th. Finally, Citigroup lowered their target price on MarineMax from $43.00 to $39.00 in a report on Friday, October 28th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $43.60.

MarineMax Trading Up 2.8 %

Shares of HZO opened at $34.62 on Monday. The business’s 50-day moving average price is $31.04 and its 200 day moving average price is $36.68. The stock has a market capitalization of $745.51 million, a P/E ratio of 3.91 and a beta of 1.62. MarineMax, Inc. has a 1-year low of $27.40 and a 1-year high of $61.06. The company has a current ratio of 1.83, a quick ratio of 0.73 and a debt-to-equity ratio of 0.06.

About MarineMax

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MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates through 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, pontoon boats, ski boats, jet boats, and other recreational boats.

See Also

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Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

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