First Trust Capital Management L.P. Buys 636,478 Shares of MarineMax, Inc. $HZO

First Trust Capital Management L.P. bought a new stake in MarineMax, Inc. (NYSE:HZO) in the third quarter, Holdings Channel.com reports. The institutional investor bought 636,478 shares of the specialty retailer’s stock, valued at approximately $33,288,000. MarineMax accounts for approximately 1.6% of First Trust Capital Management L.P.’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds also recently modified their holdings of the business. GAMMA Investing LLC boosted its position in shares of MarineMax by 22.8% in the second quarter. GAMMA Investing LLC now owns 1,941 shares of the specialty retailer’s stock worth $71,000 after buying an additional 360 shares during the period. Nisa Investment Advisors LLC raised its position in MarineMax by 42.0% during the third quarter. Nisa Investment Advisors LLC now owns 1,754 shares of the specialty retailer’s stock valued at $92,000 after buying an additional 519 shares during the period. Swiss National Bank raised its position in MarineMax by 4.0% during the first quarter. Swiss National Bank now owns 38,900 shares of the specialty retailer’s stock valued at $1,053,000 after buying an additional 1,500 shares during the period. Illinois Municipal Retirement Fund raised its position in MarineMax by 16.5% during the first quarter. Illinois Municipal Retirement Fund now owns 10,913 shares of the specialty retailer’s stock valued at $295,000 after buying an additional 1,546 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in MarineMax in the 2nd quarter worth about $59,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Trading Up 0.0%

Shares of NYSE:HZO opened at $52.80 on Friday. The firm has a fifty day moving average of $52.45 and a two-hundred day moving average of $38.46. The company has a quick ratio of 0.29, a current ratio of 1.19 and a debt-to-equity ratio of 0.34. MarineMax, Inc. has a 12-month low of $21.42 and a 12-month high of $52.89. The firm has a market capitalization of $1.17 billion, a P/E ratio of 94.27 and a beta of 1.72.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Wednesday, November 4th. The specialty retailer reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.12). MarineMax had a positive return on equity of 1.41% and a negative net margin of 0.38%. The company had revenue of $520.14 million during the quarter, compared to analyst estimates of $541.32 million. During the same period last year, the company posted ($0.04) earnings per share. The company’s revenue was down 5.8% compared to the same quarter last year. On average, equities analysts expect that MarineMax, Inc. will post 1.41 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have commented on HZO. Truist Financial lowered MarineMax from a “buy” rating to a “hold” rating and raised their price objective for the stock from $39.00 to $53.00 in a research report on Wednesday, August 12th. Loop Capital downgraded MarineMax from a “buy” rating to a “hold” rating and set a $53.00 target price on the stock. in a report on Tuesday, August 11th. Weiss Ratings upgraded MarineMax from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, October 8th. Citigroup lowered shares of MarineMax from a “buy” rating to a “neutral” rating and increased their price target for the stock from $41.00 to $53.00 in a research report on Friday, October 2nd. Finally, B. Riley Financial cut shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a report on Tuesday, July 21st. Eight analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $44.67.

MarineMax Profile

MarineMax, Inc. is a recreational boating and yacht retailer serving boaters in the United States and internationally. The company sells new and pre-owned boats and yachts, along with marine engines, parts and accessories. Its services include boat maintenance and repair, financing and insurance, yacht brokerage, and other boating-related support. MarineMax also operates marinas and offers services such as yacht management and chartering through its businesses. Founded in 1998, MarineMax has grown through acquisitions and operates retail locations across the United States.