State of Alaska Department of Revenue Sells 707 Shares of MarineMax, Inc. (NYSE:HZO)

State of Alaska Department of Revenue cut its holdings in shares of MarineMax, Inc. (NYSE:HZO) by 5.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,208 shares of the specialty retailer’s stock after selling 707 shares during the period. State of Alaska Department of Revenue owned 0.05% of MarineMax worth $395,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in MarineMax by 2.0% in the first 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. Dimensional Fund Advisors LP lifted its stake in shares of MarineMax by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock valued at $46,767,000 after purchasing an additional 110,601 shares during the period. Levin Capital Strategies L.P. boosted its position in shares of MarineMax by 140.6% in the 1st quarter. Levin Capital Strategies L.P. now owns 1,045,514 shares of the specialty retailer’s stock worth $34,774,000 after purchasing an additional 610,994 shares during the last quarter. Private Management Group Inc. grew its stake in shares of MarineMax by 6.8% during the second quarter. Private Management Group Inc. now owns 478,990 shares of the specialty retailer’s stock worth $15,505,000 after purchasing an additional 30,677 shares during the period. Finally, Millennium Management LLC increased its holdings in MarineMax by 22.7% in the second quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock valued at $13,012,000 after purchasing an additional 74,451 shares during the last quarter. Institutional investors own 92.85% of the company’s stock.

Analyst Upgrades and Downgrades

HZO has been the subject of several analyst reports. DA Davidson boosted their target price on MarineMax from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Stifel Nicolaus upped their target price on shares of MarineMax from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Truist Financial increased their target price on shares of MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and boosted their price target for the company from $40.00 to $44.00 in a report on Monday, September 9th. Finally, StockNews.com downgraded MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to data from MarketBeat, MarineMax has an average rating of “Moderate Buy” and an average price target of $41.83.

MarineMax Stock Down 0.4 %

MarineMax stock opened at $32.47 on Friday. 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 has a 50 day moving average of $31.90 and a 200-day moving average of $31.20. The stock has a market capitalization of $724.73 million, a PE ratio of 19.68 and a beta of 1.85.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $563.10 million during the quarter, compared to analysts’ expectations of $576.49 million. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. On average, equities research analysts anticipate that MarineMax, Inc. will post 2.33 EPS for the current fiscal year.

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.