MTM Investment Management LLC Reduces Holdings in MarineMax, Inc. (NYSE:HZO)

MTM Investment Management LLC lowered its stake in shares of MarineMax, Inc. (NYSE:HZO) by 8.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,522 shares of the specialty retailer’s stock after selling 597 shares during the quarter. MTM Investment Management LLC’s holdings in MarineMax were worth $216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of HZO. Canada Pension Plan Investment Board bought a new stake in MarineMax during the 2nd quarter valued at approximately $52,000. Bfsg LLC boosted its position in shares of MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after purchasing an additional 681 shares in the last quarter. James Investment Research Inc. bought a new stake in shares of MarineMax during the third quarter valued at approximately $203,000. Price T Rowe Associates Inc. MD grew its stake in MarineMax by 17.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock worth $205,000 after purchasing an additional 924 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in MarineMax by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock worth $267,000 after purchasing an additional 408 shares in the last quarter. 92.85% of the stock is owned by institutional investors.

MarineMax Trading Up 0.6 %

NYSE:HZO opened at $29.58 on Wednesday. MarineMax, Inc. has a 52 week low of $22.51 and a 52 week high of $39.85. The stock has a market cap of $668.21 million, a price-to-earnings ratio of 17.93 and a beta of 1.85. The company’s 50 day moving average price is $31.87 and its 200-day moving average price is $31.50. 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 (NYSE:HZO) last issued its earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The business had revenue of $563.10 million during the quarter, compared to analyst estimates of $576.49 million. During the same quarter in the previous year, the firm earned $0.69 EPS. MarineMax’s revenue was down 5.3% on a year-over-year basis. On average, equities research analysts forecast that MarineMax, Inc. will post 2.33 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

HZO has been the topic of a number of recent research reports. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and upped their target price for the stock from $40.00 to $44.00 in a research report on Monday, September 9th. Truist Financial upped their price objective on shares of MarineMax from $35.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Benchmark began coverage on shares of MarineMax in a report on Tuesday, October 15th. They set a “buy” rating and a $40.00 target price for the company. StockNews.com downgraded MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. Finally, DA Davidson raised their price objective on MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, MarineMax has an average rating of “Moderate Buy” and an average price target of $41.83.

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.