25,870 Shares in MarineMax, Inc. (NYSE:HZO) Acquired by Intech Investment Management LLC

Intech Investment Management LLC purchased a new position in MarineMax, Inc. (NYSE:HZO) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 25,870 shares of the specialty retailer’s stock, valued at approximately $912,000. Intech Investment Management LLC owned 0.12% of MarineMax at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company grew its holdings in MarineMax by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock valued at $267,000 after buying an additional 408 shares during the last quarter. Janus Henderson Group PLC grew its holdings in MarineMax by 3.3% during the 1st quarter. Janus Henderson Group PLC now owns 16,616 shares of the specialty retailer’s stock valued at $553,000 after buying an additional 529 shares during the last quarter. SummerHaven Investment Management LLC grew its holdings in MarineMax by 2.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 20,150 shares of the specialty retailer’s stock valued at $652,000 after buying an additional 567 shares during the last quarter. Bfsg LLC grew its holdings in MarineMax by 19.1% during the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after buying an additional 681 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in MarineMax by 17.7% during 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 buying an additional 924 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Trading Up 1.1 %

Shares of HZO opened at $32.52 on Friday. 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 firm has a market capitalization of $734.63 million, a P/E ratio of 19.71 and a beta of 1.85. The stock’s fifty day simple moving average is $31.52 and its 200 day simple moving average is $31.68. MarineMax, Inc. has a twelve month low of $22.51 and a twelve month high of $39.85.

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

Analyst Ratings Changes

A number of brokerages have commented on HZO. Benchmark began coverage on MarineMax in a report on Tuesday, October 15th. They set a “buy” rating and a $40.00 target price on the stock. Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and increased their target price for the company from $40.00 to $44.00 in a report on Monday, September 9th. Finally, StockNews.com lowered 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 six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.83.

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.