Bfsg LLC Has $150,000 Stock Holdings in MarineMax, Inc. (NYSE:HZO)

Bfsg LLC increased its position in shares of MarineMax, Inc. (NYSE:HZO) by 19.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,248 shares of the specialty retailer’s stock after acquiring an additional 681 shares during the period. Bfsg LLC’s holdings in MarineMax were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in HZO. SWS Partners acquired a new stake in shares of MarineMax during the 1st quarter worth approximately $471,000. Capstone Investment Advisors LLC boosted its position in shares of MarineMax by 333.9% during the 1st quarter. Capstone Investment Advisors LLC now owns 24,577 shares of the specialty retailer’s stock worth $817,000 after acquiring an additional 18,913 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of MarineMax by 3.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 17,628 shares of the specialty retailer’s stock worth $586,000 after acquiring an additional 536 shares in the last quarter. Empowered Funds LLC lifted its stake in MarineMax by 8.0% in the 1st quarter. Empowered Funds LLC now owns 89,275 shares of the specialty retailer’s stock valued at $2,969,000 after purchasing an additional 6,650 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in MarineMax by 14.1% in the 1st quarter. Illinois Municipal Retirement Fund now owns 12,589 shares of the specialty retailer’s stock valued at $419,000 after purchasing an additional 1,551 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Stock Down 3.7 %

Shares of NYSE HZO opened at $31.47 on Friday. The stock has a market capitalization of $701.81 million, a P/E ratio of 11.40 and a beta of 1.82. The company has a 50-day moving average price of $31.99 and a 200-day moving average price of $31.03. MarineMax, Inc. has a 1 year low of $22.51 and a 1 year high of $39.85. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.20 and a quick ratio of 0.36.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.16. The firm had revenue of $757.72 million during the quarter, compared to analysts’ expectations of $720.30 million. MarineMax had a net margin of 2.00% and a return on equity of 6.26%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $2.07 earnings per share. On average, equities research analysts forecast that MarineMax, Inc. will post 2.28 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, September 3rd. Benchmark started coverage on shares of MarineMax in a research note on Tuesday. They issued a “buy” rating and a $40.00 price objective for the company. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and raised their price target for the company from $40.00 to $44.00 in a research note on Monday, September 9th. Stifel Nicolaus raised their price target on shares of MarineMax from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Finally, DA Davidson raised their price target on shares of MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.