50,736 Shares of MarineMax, Inc. $HZO Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC acquired a new position in shares of MarineMax, Inc. (NYSE:HZO) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 50,736 shares of the specialty retailer’s stock, valued at approximately $2,653,000. New York Life Investment Management LLC owned approximately 0.23% of MarineMax at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of MarineMax in the second quarter valued at about $116,412,000. De Lisle Partners LLP acquired a new position in MarineMax during the 2nd quarter worth approximately $6,170,000. Annis Gardner Whiting Capital Advisors LLC lifted its position in MarineMax by 857,142.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer’s stock worth $4,871,000 after acquiring an additional 180,000 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in MarineMax during the 2nd quarter worth approximately $4,535,000. Finally, Round Rock Advisors LLC boosted its holdings in MarineMax by 92.0% in the 2nd quarter. Round Rock Advisors LLC now owns 120,030 shares of the specialty retailer’s stock worth $4,395,000 after acquiring an additional 57,521 shares during the period. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Analysts Set New Price Targets

HZO has been the topic of a number of analyst reports. Loop Capital lowered shares of MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price objective on the stock. in a research note on Tuesday, August 11th. Northcoast Research downgraded shares of MarineMax from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Benchmark lowered shares of MarineMax from a “buy” rating to a “hold” rating in a report on Monday, August 10th. Truist Financial downgraded shares of MarineMax from a “buy” rating to a “hold” rating and lifted their price target for the stock from $39.00 to $53.00 in a research note on Wednesday, August 12th. Finally, B. Riley Financial downgraded shares of MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target on the stock. in a research note on Tuesday, July 21st. Eight investment 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 price target of $44.67.

MarineMax Stock Up 0.0%

HZO traded up $0.01 on Friday, reaching $52.80. The company’s stock had a trading volume of 477,329 shares, compared to its average volume of 786,029. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -128.79 and a beta of 1.72. MarineMax, Inc. has a 1 year low of $21.42 and a 1 year high of $52.89. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.19 and a quick ratio of 0.29. The business’s 50 day moving average is $52.46 and its 200 day moving average is $38.59.

MarineMax (NYSE:HZO) last issued its quarterly earnings data 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 negative net margin of 0.38% and a positive return on equity of 1.41%. The business had revenue of $520.14 million for the quarter, compared to analyst estimates of $541.32 million. During the same quarter last year, the business earned ($0.04) EPS. MarineMax’s revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, research analysts forecast that MarineMax, Inc. will post 1.41 EPS for the current fiscal year.

MarineMax Company 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.