SG Americas Securities LLC Sells 20,942 Shares of MarineMax, Inc. $HZO

SG Americas Securities LLC trimmed its position in MarineMax, Inc. (NYSE:HZO) by 62.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,646 shares of the specialty retailer’s stock after selling 20,942 shares during the quarter. SG Americas Securities LLC’s holdings in MarineMax were worth $342,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada grew its holdings in MarineMax by 6.9% during the 1st quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock worth $3,027,000 after acquiring an additional 9,050 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $278,000 after purchasing an additional 546 shares in the last quarter. Jones Financial Companies Lllp bought a new stake in shares of MarineMax in the 1st quarter valued at about $168,000. Goldman Sachs Group Inc. lifted its position in shares of MarineMax by 69.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock worth $7,496,000 after purchasing an additional 142,775 shares during the period. Finally, Invesco Ltd. boosted its stake in shares of MarineMax by 115.6% during the second quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after purchasing an additional 383,926 shares in the last quarter. Institutional investors own 92.85% of the company’s stock.

MarineMax Trading Down 1.3%

NYSE:HZO opened at $34.73 on Friday. MarineMax, Inc. has a 52 week low of $21.41 and a 52 week high of $38.14. The firm has a 50 day moving average of $34.09 and a 200 day moving average of $29.92. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $764.99 million, a price-to-earnings ratio of -11.81 and a beta of 1.58.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share (EPS) for the quarter, topping 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 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 business’s revenue for the quarter was down 16.5% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, sell-side analysts anticipate that MarineMax, Inc. will post 0.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

HZO has been the topic of several research reports. B. Riley Financial reissued a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Citigroup reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Weiss Ratings raised MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Finally, Truist Financial lifted their price target on MarineMax from $34.00 to $39.00 and gave the company a “buy” rating in a report on Monday. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, MarineMax presently has a consensus rating of “Moderate Buy” and an average target price of $33.00.

About MarineMax

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.