108,296 MarineMax, Inc. $HZO Shares Sold by Gagnon Securities LLC

Gagnon Securities LLC lowered its holdings in MarineMax, Inc. (NYSE:HZO) by 51.2% in the third quarter, Holdings Channel reports. The firm owned 103,184 shares of the specialty retailer’s stock after selling 108,296 shares during the quarter. Gagnon Securities LLC’s holdings in MarineMax were worth $5,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Pacer Advisors Inc. acquired a new position in shares of MarineMax during the 1st quarter worth about $4,050,000. De Lisle Partners LLP bought a new position in shares of MarineMax in the 2nd quarter valued at about $6,170,000. SWS Partners bought a new position in shares of MarineMax in the 2nd quarter valued at about $1,097,000. BlackRock Inc. bought a new position in shares of MarineMax in the 2nd quarter valued at about $116,412,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of MarineMax in the second quarter valued at about $4,535,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HZO. B. Riley Financial cut MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a research report on Tuesday, July 21st. Northcoast Research downgraded MarineMax from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 12th. Loop Capital lowered MarineMax from a “buy” rating to a “hold” rating and set a $53.00 price target on the stock. in a research report on Tuesday, August 11th. Citigroup lowered MarineMax from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $41.00 to $53.00 in a research report on Friday, October 2nd. Finally, Benchmark cut MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Eight equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $44.67.

MarineMax Stock Performance

Shares of HZO stock opened at $52.78 on Thursday. MarineMax, Inc. has a 52 week low of $21.42 and a 52 week high of $52.89. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 94.23 and a beta of 1.72. The company has a 50-day simple moving average of $52.44 and a 200 day simple moving average of $38.34. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.29 and a current ratio of 1.19.

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

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.