Prescott Group Capital Management L.L.C. Sells 30,000 Shares of MarineMax, Inc. $HZO

Prescott Group Capital Management L.L.C. reduced its holdings in MarineMax, Inc. (NYSE:HZO) by 29.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 72,739 shares of the specialty retailer’s stock after selling 30,000 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in MarineMax were worth $1,829,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HZO. State of Wyoming acquired a new position in shares of MarineMax in the first quarter worth approximately $41,000. Jones Financial Companies Lllp bought a new position in MarineMax during the 1st quarter worth approximately $168,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of MarineMax by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock worth $278,000 after purchasing an additional 546 shares during the period. Jump Financial LLC lifted its position in shares of MarineMax by 23.0% in the 1st quarter. Jump Financial LLC now owns 13,040 shares of the specialty retailer’s stock worth $280,000 after purchasing an additional 2,440 shares during the period. Finally, Campbell & CO Investment Adviser LLC bought a new stake in shares of MarineMax in the 2nd quarter valued at $392,000. 92.85% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO W Brett Mcgill sold 60,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer directly owned 173,038 shares of the company’s stock, valued at approximately $4,763,736.14. This represents a 25.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.00% of the company’s stock.

MarineMax Price Performance

Shares of NYSE HZO opened at $23.68 on Friday. The firm has a market capitalization of $508.27 million, a P/E ratio of -17.67 and a beta of 1.60. The firm’s 50-day moving average price is $25.69 and its 200-day moving average price is $24.71. The company has a current ratio of 1.21, a quick ratio of 0.29 and a debt-to-equity ratio of 0.38. MarineMax, Inc. has a 1-year low of $16.85 and a 1-year high of $35.46.

Wall Street Analysts Forecast Growth

HZO has been the subject of a number of analyst reports. B. Riley reissued a “buy” rating on shares of MarineMax in a research note on Friday, July 25th. Truist Financial increased their price target on MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Wall Street Zen downgraded MarineMax from a “hold” rating to a “sell” rating in a research note on Saturday, July 26th. Weiss Ratings restated a “sell (d)” rating on shares of MarineMax in a research report on Wednesday, October 8th. Finally, Zacks Research cut MarineMax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $34.00.

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.