Rhumbline Advisers Sells 362 Shares of MarineMax, Inc. (NYSE:HZO)

Rhumbline Advisers trimmed its stake in MarineMax, Inc. (NYSE:HZO) by 0.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,387 shares of the specialty retailer’s stock after selling 362 shares during the period. Rhumbline Advisers owned 0.33% of MarineMax worth $2,376,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of HZO. Capstone Investment Advisors LLC bought a new position in shares of MarineMax in the fourth quarter worth approximately $220,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of MarineMax by 17.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock worth $205,000 after buying an additional 924 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of MarineMax by 45.9% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,897 shares of the specialty retailer’s stock worth $296,000 after buying an additional 2,800 shares in the last quarter. Illinois Municipal Retirement Fund raised its holdings in MarineMax by 14.1% during the 1st quarter. Illinois Municipal Retirement Fund now owns 12,589 shares of the specialty retailer’s stock valued at $419,000 after buying an additional 1,551 shares during the period. Finally, UniSuper Management Pty Ltd bought a new stake in shares of MarineMax during the 1st quarter worth approximately $437,000. 92.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on HZO shares. B. Riley dropped their target price on shares of MarineMax from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Stifel Nicolaus lifted their price objective on shares of MarineMax from $35.00 to $40.00 and gave the company a “buy” rating in a report on Friday, July 12th. Truist Financial upped their target price on MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, July 26th. StockNews.com downgraded MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd. Finally, DA Davidson boosted their price target on MarineMax from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.20.

MarineMax Price Performance

NYSE HZO opened at $36.02 on Friday. The firm’s fifty day simple moving average is $32.33 and its two-hundred day simple moving average is $30.78. The firm has a market capitalization of $803.28 million, a P/E ratio of 13.05 and a beta of 1.82. The company has a current ratio of 1.20, a quick ratio of 0.36 and a debt-to-equity ratio of 0.37. MarineMax, Inc. has a 12-month low of $22.51 and a 12-month high of $39.85.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.16. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The firm had revenue of $757.72 million for the quarter, compared to the consensus estimate of $720.30 million. During the same period in the previous year, the business earned $2.07 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts forecast that MarineMax, Inc. will post 2.33 EPS for the current fiscal year.

MarineMax Profile

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.