MarineMax, Inc. (NYSE:HZO) Holdings Lowered by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. trimmed its stake in shares of MarineMax, Inc. (NYSE:HZO) by 38.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 434,520 shares of the specialty retailer’s stock after selling 273,919 shares during the period. MarineMax comprises about 1.8% of Levin Capital Strategies L.P.’s holdings, making the stock its 19th biggest holding. Levin Capital Strategies L.P.’s holdings in MarineMax were worth $16,903,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of HZO. SG Americas Securities LLC lifted its holdings in shares of MarineMax by 97.0% during the third quarter. SG Americas Securities LLC now owns 12,495 shares of the specialty retailer’s stock valued at $410,000 after purchasing an additional 6,151 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in MarineMax by 244.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 26,226 shares of the specialty retailer’s stock worth $861,000 after acquiring an additional 18,614 shares in the last quarter. Private Management Group Inc. lifted its stake in MarineMax by 0.7% in the 3rd quarter. Private Management Group Inc. now owns 401,861 shares of the specialty retailer’s stock worth $13,189,000 after acquiring an additional 2,801 shares in the last quarter. Fifth Third Bancorp lifted its stake in MarineMax by 442.3% in the 3rd quarter. Fifth Third Bancorp now owns 770 shares of the specialty retailer’s stock worth $25,000 after acquiring an additional 628 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in MarineMax by 31.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 73,707 shares of the specialty retailer’s stock worth $2,419,000 after purchasing an additional 17,579 shares during the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MarineMax

In related news, EVP Charles A. Cashman sold 7,500 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $29.76, for a total value of $223,200.00. Following the completion of the sale, the executive vice president now owns 63,981 shares in the company, valued at $1,904,074.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Clint Moore sold 4,000 shares of the company’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $31.12, for a total transaction of $124,480.00. Following the completion of the transaction, the director now directly owns 20,544 shares of the company’s stock, valued at $639,329.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Charles A. Cashman sold 7,500 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $29.76, for a total value of $223,200.00. Following the transaction, the executive vice president now directly owns 63,981 shares of the company’s stock, valued at $1,904,074.56. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

MarineMax Price Performance

HZO stock traded up $0.42 during trading on Thursday, hitting $24.93. The company had a trading volume of 151,878 shares, compared to its average volume of 331,477. The company has a current ratio of 1.24, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40. The company has a market cap of $555.94 million, a P/E ratio of 8.88 and a beta of 1.78. The company has a fifty day moving average price of $29.84 and a two-hundred day moving average price of $31.32. MarineMax, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $42.88.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.55). The business had revenue of $582.90 million during the quarter, compared to analyst estimates of $590.19 million. MarineMax had a return on equity of 7.66% and a net margin of 2.56%. MarineMax’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.23 EPS. Equities research analysts expect that MarineMax, Inc. will post 2.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on HZO. DA Davidson reaffirmed a “buy” rating and issued a $34.00 target price on shares of MarineMax in a research report on Friday, March 15th. Stifel Nicolaus lowered their price objective on MarineMax from $37.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Truist Financial lowered their price objective on MarineMax from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, April 26th. Finally, StockNews.com downgraded MarineMax from a “hold” rating to a “sell” rating in a research report on Saturday, January 27th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $36.75.

About MarineMax

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.