MarineMax, Inc. (NYSE:HZO) Shares Acquired by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC boosted its stake in shares of MarineMax, Inc. (NYSE:HZO) by 3.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 28,879 shares of the specialty retailer’s stock after buying an additional 1,006 shares during the period. Bridgeway Capital Management LLC owned 0.13% of MarineMax worth $836,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in HZO. Invesco Ltd. increased its stake in MarineMax by 17.3% during the fourth quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer’s stock worth $10,060,000 after acquiring an additional 51,352 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of MarineMax during the 4th quarter worth about $572,000. Oliver Luxxe Assets LLC acquired a new stake in shares of MarineMax during the 4th quarter worth about $1,316,000. Acuitas Investments LLC raised its holdings in MarineMax by 9.3% in the 4th quarter. Acuitas Investments LLC now owns 83,800 shares of the specialty retailer’s stock valued at $2,426,000 after buying an additional 7,131 shares during the period. Finally, SWS Partners acquired a new position in MarineMax in the fourth quarter valued at about $595,000. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

MarineMax Price Performance

Shares of NYSE HZO opened at $21.59 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. The company has a market cap of $463.60 million, a price-to-earnings ratio of 9.07 and a beta of 1.69. The stock’s 50-day moving average is $21.44 and its two-hundred day moving average is $26.65. MarineMax, Inc. has a 1-year low of $16.85 and a 1-year high of $38.20.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share for the quarter, beating 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 for the quarter, compared to analysts’ expectations of $580.12 million. During the same quarter last year, the company earned $0.18 earnings per share. The firm’s revenue was up 8.3% compared to the same quarter last year. Analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.