Sei Investments Co. Sells 22,564 Shares of MarineMax, Inc. (NYSE:HZO)

Sei Investments Co. cut its position in shares of MarineMax, Inc. (NYSE:HZO) by 7.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 279,217 shares of the specialty retailer’s stock after selling 22,564 shares during the period. Sei Investments Co. owned approximately 1.25% of MarineMax worth $9,038,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Levin Capital Strategies L.P. boosted its position in shares of MarineMax by 140.6% during the first quarter. Levin Capital Strategies L.P. now owns 1,045,514 shares of the specialty retailer’s stock valued at $34,774,000 after buying an additional 610,994 shares during the period. Broad Bay Capital Management LP grew its holdings in shares of 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 last quarter. Dimensional Fund Advisors LP increased its stake in MarineMax by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock worth $46,767,000 after buying an additional 110,601 shares during the period. Private Management Group Inc. lifted its holdings in MarineMax by 6.8% during the 2nd quarter. Private Management Group Inc. now owns 478,990 shares of the specialty retailer’s stock valued at $15,505,000 after buying an additional 30,677 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in MarineMax by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 1,468,991 shares of the specialty retailer’s stock valued at $48,859,000 after buying an additional 29,473 shares during the period. 92.85% of the stock is currently owned by institutional investors.

MarineMax Stock Up 1.7 %

Shares of NYSE HZO opened at $35.62 on Friday. MarineMax, Inc. has a 12-month low of $22.51 and a 12-month high of $39.85. The stock’s fifty day simple moving average is $32.35 and its two-hundred day simple moving average is $30.96. The stock has a market capitalization of $794.36 million, a PE ratio of 12.91 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 (NYSE:HZO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.16. The company had revenue of $757.72 million for the quarter, compared to the consensus estimate of $720.30 million. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $2.07 earnings per share. As a group, analysts expect that MarineMax, Inc. will post 2.33 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HZO has been the topic of a number of research reports. Stifel Nicolaus raised 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. Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $40.00 to $44.00 in a report on Monday, September 9th. B. Riley lowered their target price on MarineMax from $48.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, July 10th. Truist Financial raised their price target on MarineMax from $35.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, July 26th. Finally, StockNews.com lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.20.

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.