Levin Capital Strategies L.P. Sells 17,882 Shares of MarineMax, Inc. $HZO

Levin Capital Strategies L.P. trimmed its stake in shares of MarineMax, Inc. (NYSE:HZO) by 2.4% in the third quarter, Holdings Channel.com reports. The fund owned 716,397 shares of the specialty retailer’s stock after selling 17,882 shares during the quarter. MarineMax makes up approximately 1.6% of Levin Capital Strategies L.P.’s investment portfolio, making the stock its 19th biggest position. Levin Capital Strategies L.P.’s holdings in MarineMax were worth $18,146,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of HZO. PNC Financial Services Group Inc. raised its stake in MarineMax by 52.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer’s stock worth $34,000 after buying an additional 466 shares during the last quarter. MTM Investment Management LLC bought a new position in shares of MarineMax in the 2nd quarter worth about $42,000. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of MarineMax by 12.8% in the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,008 shares of the specialty retailer’s stock valued at $126,000 after purchasing an additional 567 shares during the period. Jones Financial Companies Lllp bought a new stake in shares of MarineMax during the 1st quarter valued at about $168,000. Finally, Rafferty Asset Management LLC acquired a new stake in MarineMax during the second quarter worth approximately $235,000. 92.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HZO. B. Riley Financial restated a “buy” rating and set a $29.00 price target (up from $27.00) on shares of MarineMax in a report on Friday, January 30th. Wall Street Zen raised shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Benchmark reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, January 30th. Citigroup reiterated a “buy” rating on shares of MarineMax in a report on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MarineMax in a research report on Thursday, January 22nd. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, MarineMax has a consensus rating of “Moderate Buy” and a consensus price target of $30.80.

MarineMax Stock Down 0.9%

Shares of NYSE:HZO opened at $29.15 on Thursday. The business’s 50 day moving average is $27.03 and its 200 day moving average is $25.79. MarineMax, Inc. has a 12-month low of $16.85 and a 12-month high of $31.60. The stock has a market cap of $642.17 million, a price-to-earnings ratio of -10.88 and a beta of 1.69. The company has a quick ratio of 0.29, a current ratio of 1.19 and a debt-to-equity ratio of 0.37.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, January 29th. The specialty retailer reported ($0.21) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.09). MarineMax had a positive return on equity of 1.13% and a negative net margin of 2.46%.The firm had revenue of $505.18 million during the quarter, compared to the consensus estimate of $481.67 million. During the same quarter in the previous year, the company earned $0.17 EPS. The business’s revenue was up 7.8% 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 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.