Thrivent Financial for Lutherans Sells 1,424 Shares of MarineMax, Inc. (NYSE:HZO)

Thrivent Financial for Lutherans decreased its position in MarineMax, Inc. (NYSE:HZO) by 8.5% in the 3rd quarter, HoldingsChannel reports. The fund owned 15,423 shares of the specialty retailer’s stock after selling 1,424 shares during the period. Thrivent Financial for Lutherans’ holdings in MarineMax were worth $544,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings 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 valued at $46,767,000 after acquiring an additional 110,601 shares in the last quarter. Victory Capital Management Inc. raised its holdings in MarineMax by 134.3% in the 3rd quarter. Victory Capital Management Inc. now owns 129,416 shares of the specialty retailer’s stock valued at $4,565,000 after acquiring an additional 74,173 shares in the last quarter. Millennium Management LLC raised its holdings in MarineMax by 22.7% in the 2nd quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock valued at $13,012,000 after acquiring an additional 74,451 shares in the last quarter. Royce & Associates LP raised its holdings in MarineMax by 45.2% in the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock valued at $13,008,000 after acquiring an additional 114,880 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in MarineMax by 342.7% in 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

Several research firms recently issued reports on HZO. Benchmark started coverage on shares of MarineMax in a research report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price target for the company. Citigroup raised MarineMax from a “neutral” rating to a “buy” rating and increased their target price for the stock 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 research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, MarineMax presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.83.

MarineMax Stock Performance

NYSE HZO opened at $32.13 on Thursday. The firm has a market cap of $725.86 million, a price-to-earnings ratio of 19.47 and a beta of 1.87. The company has a 50 day moving average of $31.30 and a 200-day moving average of $31.85. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. MarineMax, Inc. has a 1-year low of $22.51 and a 1-year high of $39.85.

MarineMax (NYSE:HZO) last posted its quarterly earnings data 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 company had revenue of $563.10 million during the quarter, compared to analyst estimates of $576.49 million. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.69 earnings per share. On average, equities analysts forecast that MarineMax, Inc. will post 2.33 earnings per share for the current fiscal 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.