MarineMax, Inc. (NYSE:HZO) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. trimmed its position in MarineMax, Inc. (NYSE:HZO) by 17.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 343,847 shares of the specialty retailer’s stock after selling 72,475 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.54% of MarineMax worth $12,127,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in HZO. Canada Pension Plan Investment Board purchased a new position in shares of MarineMax during the 2nd quarter worth $52,000. Bfsg LLC boosted its stake in MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after buying an additional 681 shares during the period. James Investment Research Inc. acquired a new stake in shares of MarineMax during the third quarter valued at about $203,000. Price T Rowe Associates Inc. MD raised its stake in shares of MarineMax by 17.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock valued at $205,000 after acquiring an additional 924 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of MarineMax by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock worth $267,000 after acquiring an additional 408 shares during the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Trading Down 0.3 %

NYSE:HZO opened at $31.44 on Monday. MarineMax, Inc. has a 12-month low of $22.51 and a 12-month high of $39.85. The firm has a market cap of $710.39 million, a PE ratio of 19.05 and a beta of 1.87. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $31.15 and a 200 day moving average price of $31.96.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.06. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The business had revenue of $563.10 million during the quarter, compared to analysts’ expectations of $576.49 million. During the same quarter last year, the business posted $0.69 EPS. The business’s quarterly revenue was down 5.3% compared to the same quarter last year. Sell-side analysts anticipate that MarineMax, Inc. will post 2.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Benchmark started coverage on shares of MarineMax in a report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 target price for the company. Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $40.00 to $44.00 in a report on Monday, September 9th. Finally, StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the company. Based on data from MarketBeat.com, MarineMax has a consensus rating of “Moderate Buy” and an average target price of $41.83.

About MarineMax

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.