Aquatic Capital Management LLC Invests $82,000 in MarineMax, Inc. (NYSE:HZO)

Aquatic Capital Management LLC acquired a new stake in MarineMax, Inc. (NYSE:HZO) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 2,838 shares of the specialty retailer’s stock, valued at approximately $82,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its stake in MarineMax by 211.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock valued at $43,000 after buying an additional 1,058 shares during the period. US Bancorp DE lifted its position in shares of MarineMax by 49.6% during the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 585 shares during the period. KLP Kapitalforvaltning AS bought a new position in MarineMax during the fourth quarter worth $113,000. Quantbot Technologies LP bought a new position in MarineMax during the fourth quarter worth $129,000. Finally, Y Intercept Hong Kong Ltd acquired a new stake in MarineMax in the fourth quarter worth $215,000. Institutional investors own 92.85% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on HZO shares. Benchmark reissued a “buy” rating and set a $40.00 price objective on shares of MarineMax in a research report on Friday, January 24th. B. Riley raised MarineMax to a “strong-buy” rating in a research note on Wednesday, February 12th. DA Davidson lowered their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Finally, Truist Financial lowered their price objective on shares of MarineMax from $38.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, MarineMax currently has a consensus rating of “Buy” and a consensus target price of $38.50.

MarineMax Stock Down 3.5 %

Shares of NYSE:HZO opened at $21.95 on Tuesday. The stock has a market cap of $471.35 million, a price-to-earnings ratio of 9.22 and a beta of 1.68. The business’s 50 day moving average is $21.70 and its 200 day moving average is $26.87. MarineMax, Inc. has a 12-month low of $16.85 and a 12-month high of $38.20. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.07. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The firm had revenue of $631.52 million during the quarter, compared to analyst estimates of $580.12 million. During the same quarter in the prior year, the business posted $0.18 EPS. The business’s revenue was up 8.3% compared to the same quarter last year. On average, sell-side analysts forecast that MarineMax, Inc. will post 2.41 earnings per share 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.