Barclays PLC Decreases Stock Holdings in MarineMax, Inc. (NYSE:HZO)

Barclays PLC lessened its holdings in shares of MarineMax, Inc. (NYSE:HZO) by 7.9% in the third quarter, Holdings Channel.com reports. The fund owned 92,793 shares of the specialty retailer’s stock after selling 7,920 shares during the period. Barclays PLC’s holdings in MarineMax were worth $3,272,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd bought a new position in shares of MarineMax in the 3rd quarter worth approximately $236,000. Systematic Financial Management LP bought a new position in MarineMax in the 3rd quarter worth about $183,000. RBF Capital LLC grew its holdings in shares of MarineMax by 55.9% during the third quarter. RBF Capital LLC now owns 93,544 shares of the specialty retailer’s stock valued at $3,299,000 after buying an additional 33,544 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in MarineMax during the 3rd quarter valued at $143,000. Finally, Portolan Capital Management LLC bought a new stake in MarineMax in the 3rd quarter worth about $11,271,000. 92.85% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HZO shares. Benchmark assumed coverage on shares of MarineMax in a research note on Tuesday, October 15th. They set a “buy” rating and a $40.00 target price for the company. Citigroup upgraded shares of MarineMax from a “neutral” rating to a “buy” rating and raised their target price for the stock from $40.00 to $44.00 in a research note on Monday, September 9th. Finally, StockNews.com downgraded MarineMax from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $41.83.

MarineMax Price Performance

MarineMax stock opened at $28.25 on Tuesday. The firm’s fifty day moving average is $30.86 and its 200 day moving average is $31.96. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. MarineMax, Inc. has a 52-week low of $22.51 and a 52-week high of $39.85. The company has a market cap of $638.31 million, a price-to-earnings ratio of 17.12 and a beta of 1.87.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.06. The business had revenue of $563.10 million for the quarter, compared to the consensus estimate of $576.49 million. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The business’s revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 earnings per share. Sell-side analysts forecast 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.