Bfsg LLC Purchases Shares of 3,430 MarineMax, Inc. (NYSE:HZO)

Bfsg LLC bought a new position in shares of MarineMax, Inc. (NYSE:HZO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,430 shares of the specialty retailer’s stock, valued at approximately $133,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HZO. Levin Capital Strategies L.P. raised its position in shares of MarineMax by 19.1% in the third quarter. Levin Capital Strategies L.P. now owns 708,439 shares of the specialty retailer’s stock valued at $23,251,000 after purchasing an additional 113,850 shares during the period. Barclays PLC increased its holdings in MarineMax by 386.0% during the 3rd quarter. Barclays PLC now owns 110,446 shares of the specialty retailer’s stock worth $3,625,000 after acquiring an additional 87,722 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in MarineMax by 438.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 56,500 shares of the specialty retailer’s stock worth $1,854,000 after acquiring an additional 46,000 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of MarineMax by 7.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 424,845 shares of the specialty retailer’s stock valued at $13,943,000 after buying an additional 28,539 shares during the period. Finally, Private Management Group Inc. boosted its position in shares of MarineMax by 5.2% during the fourth quarter. Private Management Group Inc. now owns 422,643 shares of the specialty retailer’s stock valued at $16,441,000 after purchasing an additional 20,782 shares in the last quarter. 92.85% of the stock is owned by institutional investors.

MarineMax Price Performance

Shares of NYSE HZO traded down $3.44 during trading on Thursday, hitting $23.74. 532,210 shares of the company were exchanged, compared to its average volume of 318,575. MarineMax, Inc. has a 1 year low of $22.51 and a 1 year high of $42.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.28 and a quick ratio of 0.35. The company has a market cap of $529.40 million, a price-to-earnings ratio of 5.61 and a beta of 1.69. The firm’s fifty day moving average price is $30.45 and its 200 day moving average price is $31.52.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, January 25th. The specialty retailer reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). The firm had revenue of $527.30 million for the quarter, compared to analysts’ expectations of $524.76 million. MarineMax had a return on equity of 10.44% and a net margin of 3.75%. The firm’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.24 earnings per share. On average, sell-side analysts expect that MarineMax, Inc. will post 3.33 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Clint Moore sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $31.12, for a total transaction of $124,480.00. Following the completion of the transaction, the director now owns 20,544 shares in the company, valued at approximately $639,329.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Charles A. Cashman sold 7,500 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $29.76, for a total transaction of $223,200.00. Following the transaction, the executive vice president now directly owns 63,981 shares of the company’s stock, valued at $1,904,074.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clint Moore sold 4,000 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $31.12, for a total value of $124,480.00. Following the completion of the transaction, the director now owns 20,544 shares in the company, valued at approximately $639,329.28. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HZO. StockNews.com cut shares of MarineMax from a “hold” rating to a “sell” rating in a report on Saturday, January 27th. DA Davidson reissued a “buy” rating and issued a $34.00 price objective on shares of MarineMax in a research note on Friday, March 15th. Finally, Truist Financial upped their price target on shares of MarineMax from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

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.