MarineMax, Inc. $HZO Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in MarineMax, Inc. (NYSE:HZO) by 68.3% in the 1st quarter, Holdings Channel.com reports. The fund owned 9,914 shares of the specialty retailer’s stock after selling 21,317 shares during the quarter. New York State Teachers Retirement System’s holdings in MarineMax were worth $268,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. AQR Capital Management LLC boosted its position in MarineMax by 3.9% during the 4th quarter. AQR Capital Management LLC now owns 9,471 shares of the specialty retailer’s stock worth $229,000 after purchasing an additional 358 shares during the period. Nisa Investment Advisors LLC raised its position in MarineMax by 54.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock valued at $26,000 after purchasing an additional 374 shares during the period. Schonfeld Strategic Advisors LLC lifted its stake in shares of MarineMax by 1.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 37,578 shares of the specialty retailer’s stock worth $911,000 after purchasing an additional 403 shares in the last quarter. RBF Capital LLC lifted its stake in shares of MarineMax by 0.5% during the fourth quarter. RBF Capital LLC now owns 80,420 shares of the specialty retailer’s stock worth $1,949,000 after purchasing an additional 420 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of MarineMax by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock worth $278,000 after buying an additional 546 shares during the period. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Stock Down 0.0%

Shares of MarineMax stock opened at $34.23 on Wednesday. The business has a 50-day moving average of $34.40 and a 200-day moving average of $30.12. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.18 and a quick ratio of 0.32. The company has a market capitalization of $754.06 million, a PE ratio of -11.64 and a beta of 1.58. MarineMax, Inc. has a 1-year low of $21.41 and a 1-year high of $38.14.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The business had revenue of $527.41 million for the quarter, compared to analyst estimates of $617.21 million. During the same period in the previous year, the company earned $0.23 earnings per share. The company’s revenue for the quarter was down 16.5% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, equities analysts forecast that MarineMax, Inc. will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on HZO shares. Citigroup reiterated a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Truist Financial upped their price target on MarineMax from $34.00 to $39.00 and gave the stock a “buy” rating in a report on Monday, July 6th. B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Finally, Weiss Ratings upgraded shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $33.00.

MarineMax Company Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.