Private Management Group Inc. Increases Position in MarineMax, Inc. $HZO

Private Management Group Inc. grew its holdings in shares of MarineMax, Inc. (NYSE:HZO) by 4.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 583,220 shares of the specialty retailer’s stock after buying an additional 24,124 shares during the quarter. Private Management Group Inc.’s holdings in MarineMax were worth $14,662,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its holdings in MarineMax by 52.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 466 shares during the period. MTM Investment Management LLC purchased a new stake in MarineMax in the second quarter worth $42,000. State of Wyoming bought a new stake in shares of MarineMax during the first quarter worth $41,000. Police & Firemen s Retirement System of New Jersey boosted its stake in shares of MarineMax by 12.8% during the second 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. Finally, Jones Financial Companies Lllp bought a new position in shares of MarineMax in the first quarter worth about $168,000. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on HZO. Weiss Ratings reiterated a “sell (d)” rating on shares of MarineMax in a report on Wednesday, October 8th. B. Riley reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, July 25th. Wall Street Zen upgraded MarineMax from a “sell” rating to a “hold” rating in a report on Saturday. Truist Financial increased their price objective on MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Finally, Zacks Research lowered MarineMax from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 22nd. Five analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, MarineMax presently has an average rating of “Hold” and an average price target of $34.00.

Insiders Place Their Bets

In related news, CEO W Brett Mcgill sold 60,000 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $27.53, for a total transaction of $1,651,800.00. Following the sale, the chief executive officer owned 173,038 shares of the company’s stock, valued at $4,763,736.14. This trade represents a 25.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 4.00% of the stock is currently owned by insiders.

MarineMax Price Performance

NYSE HZO opened at $23.28 on Friday. The company has a market cap of $509.13 million, a PE ratio of -17.37 and a beta of 1.60. The firm’s 50 day moving average price is $25.08 and its 200-day moving average price is $24.75. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.29 and a current ratio of 1.21. MarineMax, Inc. has a 52-week low of $16.85 and a 52-week high of $35.46.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, November 13th. The specialty retailer reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.11. The company had revenue of $552.15 million during the quarter, compared to analyst estimates of $533.05 million. MarineMax had a positive return on equity of 2.63% and a negative net margin of 1.15%.MarineMax’s revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.24 earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Sell-side analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

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.