Simcoe Capital LLC Purchases Shares of 136,885 MarineMax, Inc. $HZO

Simcoe Capital LLC bought a new stake in MarineMax, Inc. (NYSE:HZO) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 136,885 shares of the specialty retailer’s stock, valued at approximately $3,317,000. MarineMax comprises 3.1% of Simcoe Capital LLC’s portfolio, making the stock its 16th biggest position.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC grew its holdings in MarineMax by 54.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 374 shares during the period. Rhumbline Advisers boosted its holdings in shares of MarineMax by 0.7% during the third quarter. Rhumbline Advisers now owns 65,383 shares of the specialty retailer’s stock worth $1,656,000 after acquiring an additional 439 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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 valued at $278,000 after buying an additional 546 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of MarineMax by 3.0% in the second quarter. CANADA LIFE ASSURANCE Co now owns 22,400 shares of the specialty retailer’s stock valued at $563,000 after buying an additional 646 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of MarineMax by 93.5% in the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock valued at $42,000 after buying an additional 808 shares during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HZO shares. Weiss Ratings reiterated a “sell (d)” rating on shares of MarineMax in a research note on Tuesday, April 21st. Citigroup reiterated a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Benchmark restated a “buy” rating on shares of MarineMax in a research report on Friday, January 30th. B. Riley Financial restated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Finally, Zacks Research upgraded shares of MarineMax from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.80.

MarineMax Stock Down 1.8%

Shares of HZO opened at $32.69 on Wednesday. MarineMax, Inc. has a one year low of $20.52 and a one year high of $34.43. The company has a market cap of $720.20 million, a P/E ratio of -11.12 and a beta of 1.55. 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 firm has a 50 day simple moving average of $28.28 and a two-hundred day simple moving average of $26.85.

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

MarineMax declared that its Board of Directors has initiated a stock repurchase program on Wednesday, March 4th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the specialty retailer to purchase up to 15.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

MarineMax 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.