MarineMax, Inc. (NYSE:HZO) Shares Sold by Interval Partners LP

Interval Partners LP lessened its holdings in MarineMax, Inc. (NYSE:HZO) by 19.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 153,000 shares of the specialty retailer’s stock after selling 36,648 shares during the quarter. Interval Partners LP owned approximately 0.69% of MarineMax worth $4,953,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Broad Bay Capital Management LP boosted its holdings in MarineMax by 34.1% in the fourth quarter. Broad Bay Capital Management LP now owns 704,034 shares of the specialty retailer’s stock worth $27,387,000 after purchasing an additional 179,034 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in MarineMax by 50.4% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 84,967 shares of the specialty retailer’s stock valued at $3,305,000 after acquiring an additional 28,467 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new position in MarineMax during the 4th quarter valued at about $959,000. Sei Investments Co. grew its stake in MarineMax by 1.6% during the 1st quarter. Sei Investments Co. now owns 301,781 shares of the specialty retailer’s stock valued at $10,037,000 after acquiring an additional 4,825 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its stake in MarineMax by 342.7% during the 2nd quarter. Assenagon Asset Management S.A. now owns 29,785 shares of the specialty retailer’s stock valued at $964,000 after acquiring an additional 23,057 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on HZO shares. DA Davidson lifted their target price on shares of MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Stifel Nicolaus increased their target price on shares of MarineMax from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd. B. Riley lowered their price objective on MarineMax from $48.00 to $46.00 and set a “buy” rating on the stock in a report on Wednesday, July 10th. Finally, Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $40.00 to $44.00 in a report on Monday, September 9th. One investment analyst has rated the stock with a sell rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $42.20.

MarineMax Trading Down 0.7 %

Shares of MarineMax stock opened at $35.43 on Tuesday. The company’s fifty day simple moving average is $32.33 and its 200-day simple moving average is $30.83. The company has a market cap of $790.12 million, a price-to-earnings ratio of 12.84 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 1 year low of $22.51 and a 1 year high of $39.85.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.16. The business had revenue of $757.72 million for the quarter, compared to the consensus estimate of $720.30 million. MarineMax had a net margin of 2.00% and a return on equity of 6.26%. MarineMax’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $2.07 earnings per share. As a group, sell-side analysts expect that MarineMax, Inc. will post 2.33 EPS for the current year.

MarineMax Company 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.