New York State Teachers Retirement System Lowers Stake in MarineMax, Inc. $HZO

New York State Teachers Retirement System lessened its position in MarineMax, Inc. (NYSE:HZO) by 68.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,914 shares of the specialty retailer’s stock after selling 21,317 shares during the period. New York State Teachers Retirement System’s holdings in MarineMax were worth $268,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System purchased a new stake in MarineMax in the 1st quarter worth approximately $233,000. Corient Private Wealth LLC boosted its holdings in shares of MarineMax by 5.8% during the fourth quarter. Corient Private Wealth LLC now owns 120,453 shares of the specialty retailer’s stock worth $2,919,000 after purchasing an additional 6,585 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of MarineMax by 11.0% during the fourth quarter. Empowered Funds LLC now owns 94,522 shares of the specialty retailer’s stock worth $2,290,000 after purchasing an additional 9,366 shares during the last quarter. Tudor Investment Corp ET AL purchased a new stake in shares of MarineMax in the fourth quarter valued at $1,157,000. Finally, Millennium Management LLC purchased a new stake in shares of MarineMax in the fourth quarter valued at $435,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Trading Down 0.0%

Shares of HZO opened at $34.23 on Wednesday. The company has a current ratio of 1.18, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of $754.06 million, a P/E ratio of -11.64 and a beta of 1.58. The stock’s fifty day simple moving average is $34.40 and its 200 day simple moving average is $30.12. MarineMax, Inc. has a twelve month low of $21.41 and a twelve month high of $38.14.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The firm had revenue of $527.41 million for the quarter, compared to analysts’ expectations of $617.21 million. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The firm’s revenue for the quarter was down 16.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, equities research analysts forecast that MarineMax, Inc. will post 0.74 earnings per share for the current year.

Analyst Ratings Changes

HZO has been the topic of several recent analyst reports. Truist Financial increased their target price on MarineMax from $34.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Weiss Ratings upgraded shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Finally, Citigroup reissued a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $33.00.

About MarineMax

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.