Royce & Associates LP Acquires 23,390 Shares of MarineMax, Inc. $HZO

Royce & Associates LP increased its stake in shares of MarineMax, Inc. (NYSE:HZO) by 6.3% during the third quarter, HoldingsChannel reports. The fund owned 394,496 shares of the specialty retailer’s stock after acquiring an additional 23,390 shares during the quarter. Royce & Associates LP’s holdings in MarineMax were worth $9,993,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of HZO. Rafferty Asset Management LLC grew its position in MarineMax by 9.5% in the 3rd quarter. Rafferty Asset Management LLC now owns 10,215 shares of the specialty retailer’s stock worth $259,000 after purchasing an additional 885 shares during the last quarter. CenterBook Partners LP lifted its stake in shares of MarineMax by 183.8% in the third quarter. CenterBook Partners LP now owns 304,718 shares of the specialty retailer’s stock valued at $7,719,000 after buying an additional 197,336 shares during the period. Prescott Group Capital Management L.L.C. lifted its stake in shares of MarineMax by 11.1% in the third quarter. Prescott Group Capital Management L.L.C. now owns 80,793 shares of the specialty retailer’s stock valued at $2,046,000 after buying an additional 8,054 shares during the period. Public Sector Pension Investment Board grew its position in MarineMax by 14.4% during the third quarter. Public Sector Pension Investment Board now owns 73,673 shares of the specialty retailer’s stock worth $1,866,000 after buying an additional 9,258 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in MarineMax by 14.5% during the third quarter. Illinois Municipal Retirement Fund now owns 10,430 shares of the specialty retailer’s stock valued at $264,000 after acquiring an additional 1,324 shares during the period. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Trading Down 3.7%

Shares of HZO opened at $29.71 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.29 and a debt-to-equity ratio of 0.37. The stock has a market cap of $654.51 million, a PE ratio of -11.09 and a beta of 1.66. MarineMax, Inc. has a 1 year low of $16.85 and a 1 year high of $32.00. The stock has a 50 day simple moving average of $27.85 and a 200-day simple moving average of $26.14.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, January 29th. The specialty retailer reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). The company had revenue of $505.18 million during the quarter, compared to the consensus estimate of $481.67 million. MarineMax had a negative net margin of 2.46% and a positive return on equity of 1.13%. The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter last year, the company earned $0.17 earnings per share. On average, sell-side analysts predict that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on HZO shares. Loop Capital started coverage on MarineMax in a research report on Monday, December 22nd. They issued a “buy” rating and a $29.00 price objective for the company. Weiss Ratings restated a “sell (d)” rating on shares of MarineMax in a research report on Thursday, January 22nd. Wall Street Zen raised MarineMax from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Citigroup reiterated a “buy” rating on shares of MarineMax in a research note on Wednesday, January 14th. Finally, Zacks Research raised shares of MarineMax from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $30.80.

MarineMax Company Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.