MarineMax, Inc. (NYSE:HZO) Shares Purchased by Algert Global LLC

Algert Global LLC raised its holdings in MarineMax, Inc. (NYSE:HZO) by 4.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 146,710 shares of the specialty retailer’s stock after purchasing an additional 6,381 shares during the period. Algert Global LLC’s holdings in MarineMax were worth $4,247,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. First Eagle Investment Management LLC acquired a new stake in MarineMax in the fourth quarter valued at $3,126,000. CenterBook Partners LP raised its stake in shares of MarineMax by 109.6% in the 4th quarter. CenterBook Partners LP now owns 173,880 shares of the specialty retailer’s stock valued at $5,034,000 after purchasing an additional 90,915 shares in the last quarter. American Century Companies Inc. lifted its position in shares of MarineMax by 2.8% during the fourth quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer’s stock worth $58,840,000 after purchasing an additional 55,592 shares during the last quarter. Sei Investments Co. grew its stake in MarineMax by 19.5% in the fourth quarter. Sei Investments Co. now owns 339,291 shares of the specialty retailer’s stock worth $9,822,000 after purchasing an additional 55,259 shares in the last quarter. Finally, Invesco Ltd. increased its holdings in MarineMax by 17.3% in the fourth quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer’s stock valued at $10,060,000 after buying an additional 51,352 shares during the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on HZO. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of MarineMax in a research report on Friday, January 24th. B. Riley upgraded shares of MarineMax to a “strong-buy” rating in a research note on Wednesday, February 12th. Truist Financial reduced their price target on shares of MarineMax from $38.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Finally, DA Davidson decreased their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $38.50.

MarineMax Stock Performance

HZO opened at $21.24 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $21.61 and its 200-day moving average is $26.83. The stock has a market cap of $456.07 million, a PE ratio of 8.92 and a beta of 1.68. MarineMax, Inc. has a twelve month low of $16.85 and a twelve month high of $38.20.

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

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.