MarineMax, Inc. (NYSE:HZO) Shares Sold by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. trimmed its holdings in MarineMax, Inc. (NYSE:HZO) by 40.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 74,225 shares of the specialty retailer’s stock after selling 50,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in MarineMax were worth $2,536,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in HZO. BlackRock Inc. lifted its stake in MarineMax by 0.4% in the first quarter. BlackRock Inc. now owns 4,159,070 shares of the specialty retailer’s stock valued at $167,445,000 after buying an additional 16,515 shares during the last quarter. American Century Companies Inc. lifted its stake in MarineMax by 3.4% in the first quarter. American Century Companies Inc. now owns 2,213,551 shares of the specialty retailer’s stock valued at $63,640,000 after buying an additional 72,549 shares during the last quarter. Vanguard Group Inc. lifted its stake in MarineMax by 1.9% in the third quarter. Vanguard Group Inc. now owns 1,789,622 shares of the specialty retailer’s stock valued at $53,313,000 after buying an additional 34,189 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in MarineMax by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,612,168 shares of the specialty retailer’s stock valued at $64,909,000 after buying an additional 6,278 shares during the last quarter. Finally, State Street Corp lifted its stake in MarineMax by 9.3% in the first quarter. State Street Corp now owns 992,088 shares of the specialty retailer’s stock valued at $28,523,000 after buying an additional 84,663 shares during the last quarter. 93.80% of the stock is owned by institutional investors and hedge funds.

MarineMax Price Performance

NYSE:HZO traded up $0.30 during trading hours on Monday, hitting $30.63. The company’s stock had a trading volume of 30,624 shares, compared to its average volume of 380,993. The business’s 50-day moving average is $30.54 and its two-hundred day moving average is $32.25. The company has a market capitalization of $671.10 million, a PE ratio of 6.20 and a beta of 1.59. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.37 and a current ratio of 1.33. MarineMax, Inc. has a 52-week low of $25.60 and a 52-week high of $42.88.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, October 26th. The specialty retailer reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. The company had revenue of $594.60 million for the quarter, compared to analyst estimates of $532.24 million. MarineMax had a return on equity of 13.42% and a net margin of 4.56%. MarineMax’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.90 earnings per share. As a group, research analysts anticipate that MarineMax, Inc. will post 4.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HZO shares. StockNews.com assumed coverage on MarineMax in a research note on Thursday, October 5th. They issued a “hold” rating for the company. B. Riley upgraded MarineMax from a “neutral” rating to a “buy” rating and set a $43.00 price target for the company in a research note on Monday, October 23rd. Stifel Nicolaus cut their price target on MarineMax from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Finally, Truist Financial cut their price target on MarineMax from $46.00 to $40.00 and set a “buy” rating for the company in a research note on Tuesday, October 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $38.00.

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.