Amalgamated Bank Has $207,000 Stake in MarineMax, Inc. (NYSE:HZO)

Amalgamated Bank decreased its position in shares of MarineMax, Inc. (NYSE:HZO) by 5.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,870 shares of the specialty retailer’s stock after selling 349 shares during the period. Amalgamated Bank’s holdings in MarineMax were worth $207,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Private Management Group Inc. lifted its position in MarineMax by 11.5% during the 3rd quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer’s stock worth $18,835,000 after acquiring an additional 55,033 shares during the last quarter. James Investment Research Inc. bought a new position in shares of MarineMax during the 3rd quarter worth about $203,000. Assenagon Asset Management S.A. increased its holdings in shares of MarineMax by 212.4% during the 3rd quarter. Assenagon Asset Management S.A. now owns 93,056 shares of the specialty retailer’s stock worth $3,282,000 after purchasing an additional 63,271 shares during the period. Bfsg LLC increased its holdings in shares of MarineMax by 19.1% during the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 681 shares during the period. Finally, Exchange Traded Concepts LLC bought a new position in shares of MarineMax during the 3rd quarter worth about $301,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HZO shares. StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd. DA Davidson boosted their price objective on shares of MarineMax from $34.00 to $37.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Benchmark began coverage on shares of MarineMax in a research note on Tuesday, October 15th. They issued a “buy” rating and a $40.00 target price on the stock. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and upped their target price for the company from $40.00 to $44.00 in a research note on Monday, September 9th. Finally, Truist Financial upped their target price on shares of MarineMax from $35.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, MarineMax currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.83.

MarineMax Stock Performance

NYSE HZO opened at $29.39 on Monday. The stock has a market cap of $655.93 million, a P/E ratio of 17.81 and a beta of 1.85. MarineMax, Inc. has a twelve month low of $22.51 and a twelve month high of $39.85. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The company’s 50-day simple moving average is $31.90 and its 200 day simple moving average is $31.40.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $563.10 million for the quarter, compared to analyst estimates of $576.49 million. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The company’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 earnings per share. As a group, research analysts forecast that MarineMax, Inc. will post 2.33 earnings per share 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.