MarineMax, Inc. (NYSE:HZO) Shares Acquired by Sherbrooke Park Advisers LLC

Sherbrooke Park Advisers LLC increased its holdings in MarineMax, Inc. (NYSE:HZO) by 105.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 13,376 shares of the specialty retailer’s stock after purchasing an additional 6,878 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in MarineMax were worth $387,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of MarineMax by 4.5% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,375 shares of the specialty retailer’s stock worth $358,000 after buying an additional 532 shares in the last quarter. US Bancorp DE boosted its position in shares of MarineMax by 49.6% in the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $51,000 after buying an additional 585 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of MarineMax by 6.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer’s stock worth $341,000 after buying an additional 732 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of MarineMax by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock worth $413,000 after buying an additional 905 shares in the last quarter. Finally, Empowered Funds LLC boosted its position in shares of MarineMax by 4.7% in the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock worth $651,000 after buying an additional 1,006 shares in the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on HZO. Truist Financial decreased their price objective on shares of MarineMax from $38.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Benchmark reiterated a “buy” rating and issued a $40.00 price objective on shares of MarineMax in a research report on Friday, January 24th. DA Davidson reduced their target price on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Finally, B. Riley upgraded shares of MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $38.50.

MarineMax Price Performance

NYSE:HZO opened at $23.43 on Friday. The firm has a market cap of $503.20 million, a price-to-earnings ratio of 9.85 and a beta of 1.69. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. The company’s 50-day moving average is $21.43 and its two-hundred day moving average is $26.44. MarineMax, Inc. has a 12-month low of $16.85 and a 12-month high of $38.20.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.07. The business had revenue of $631.52 million for the quarter, compared to analyst estimates of $580.12 million. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The company’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.18 EPS. Research analysts expect that MarineMax, Inc. will post 2.41 EPS for the current year.

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.