Lawson Kroeker Investment Management Inc. NE Has $3.47 Million Stock Holdings in MarineMax, Inc. $HZO

Lawson Kroeker Investment Management Inc. NE lifted its holdings in shares of MarineMax, Inc. (NYSE:HZO) by 6.0% in the second quarter, Holdings Channel.com reports. The fund owned 138,168 shares of the specialty retailer’s stock after purchasing an additional 7,815 shares during the quarter. Lawson Kroeker Investment Management Inc. NE’s holdings in MarineMax were worth $3,474,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. CenterBook Partners LP raised its position in MarineMax by 155.8% in the first quarter. CenterBook Partners LP now owns 444,739 shares of the specialty retailer’s stock worth $9,562,000 after purchasing an additional 270,859 shares in the last quarter. Broad Bay Capital Management LP raised its holdings in shares of MarineMax by 22.6% in the 1st quarter. Broad Bay Capital Management LP now owns 843,756 shares of the specialty retailer’s stock worth $18,141,000 after buying an additional 155,750 shares in the last quarter. Interval Partners LP raised its holdings in shares of MarineMax by 181.2% in the 1st quarter. Interval Partners LP now owns 241,139 shares of the specialty retailer’s stock worth $5,184,000 after buying an additional 155,382 shares in the last quarter. Levin Capital Strategies L.P. lifted its position in shares of MarineMax by 42.3% during the 1st quarter. Levin Capital Strategies L.P. now owns 508,287 shares of the specialty retailer’s stock worth $10,928,000 after buying an additional 150,976 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in MarineMax by 69.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock valued at $7,496,000 after buying an additional 142,775 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

Insider Transactions at MarineMax

In related news, CEO W Brett Mcgill sold 60,000 shares of MarineMax stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $27.53, for a total value of $1,651,800.00. Following the completion of the sale, the chief executive officer directly owned 173,038 shares in the company, 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 can be accessed through the SEC website. 4.00% of the stock is currently owned by corporate insiders.

MarineMax Price Performance

HZO opened at $23.87 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.21 and a quick ratio of 0.29. The stock has a market capitalization of $512.25 million, a P/E ratio of -17.81 and a beta of 1.53. The company’s 50 day simple moving average is $25.69 and its 200-day simple moving average is $23.87. MarineMax, Inc. has a one year low of $16.85 and a one year high of $35.46.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.16 by ($0.67). The firm had revenue of $657.16 million for the quarter, compared to analyst estimates of $737.82 million. MarineMax had a positive return on equity of 2.63% and a negative net margin of 1.15%.The firm’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.51 EPS. MarineMax has set its FY 2025 guidance at 0.450-0.950 EPS. Sell-side analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

HZO has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d)” rating on shares of MarineMax in a report on Wednesday. Wall Street Zen lowered shares of MarineMax from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Zacks Research raised MarineMax from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 23rd. B. Riley restated a “buy” rating on shares of MarineMax in a research report on Friday, July 25th. Finally, Citigroup reiterated a “buy” rating and issued a $32.00 price objective (up previously from $29.00) on shares of MarineMax in a research report on Monday, June 16th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, MarineMax has a consensus rating of “Moderate Buy” and a consensus target price of $33.25.

MarineMax Company 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.