State Board of Administration of Florida Retirement System continued to hold its position in shares of MarineMax, Inc. (NYSE:HZO) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,835 shares of the specialty retailer’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System owned approximately 0.07% of MarineMax worth $343,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of HZO. Renaissance Technologies LLC raised its position in shares of MarineMax by 32.4% in the fourth quarter. Renaissance Technologies LLC now owns 85,400 shares of the specialty retailer’s stock worth $1,652,000 after buying an additional 20,900 shares during the last quarter. Allianz Asset Management AG purchased a new position in shares of MarineMax during the fourth quarter worth about $1,666,000. Russell Investments Group Ltd. purchased a new position in shares of MarineMax during the fourth quarter worth about $1,631,000. GSA Capital Partners LLP purchased a new position in shares of MarineMax during the fourth quarter worth about $195,000. Finally, Louisiana State Employees Retirement System bought a new stake in MarineMax during the first quarter valued at $214,000. 90.91% of the stock is owned by hedge funds and other institutional investors.
MarineMax, Inc. (NYSE:HZO) traded up 1.37% during mid-day trading on Friday, hitting $14.85. The stock had a trading volume of 596,509 shares. The company has a market cap of $360.50 million, a P/E ratio of 14.85 and a beta of 1.04. MarineMax, Inc. has a 1-year low of $13.80 and a 1-year high of $23.65. The company has a 50-day moving average price of $18.21 and a 200 day moving average price of $19.99.
MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, July 20th. The specialty retailer reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.11. MarineMax had a net margin of 2.45% and a return on equity of 7.53%. The firm had revenue of $329.80 million during the quarter, compared to analyst estimates of $383.01 million. During the same period last year, the firm earned $0.57 EPS. MarineMax’s quarterly revenue was down 4.6% on a year-over-year basis. Equities research analysts forecast that MarineMax, Inc. will post $1.00 EPS for the current fiscal year.
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Several research firms have recently weighed in on HZO. TheStreet lowered MarineMax from a “b” rating to a “c+” rating in a research note on Wednesday. BidaskClub lowered MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday. B. Riley reissued a “buy” rating and set a $20.00 price objective on shares of MarineMax in a research note on Friday, July 21st. Zacks Investment Research lowered MarineMax from a “hold” rating to a “sell” rating in a research note on Friday, June 30th. Finally, Citigroup Inc. reissued a “buy” rating and set a $25.00 price objective (down from $26.00) on shares of MarineMax in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.33.
MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.
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