New York State Teachers Retirement System Decreases Stock Holdings in MarineMax, Inc. $HZO

New York State Teachers Retirement System trimmed its stake in shares of MarineMax, Inc. (NYSE:HZO) by 5.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 31,578 shares of the specialty retailer’s stock after selling 1,733 shares during the quarter. New York State Teachers Retirement System owned approximately 0.15% of MarineMax worth $794,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in MarineMax by 2.7% during the 1st quarter. American Century Companies Inc. now owns 2,086,340 shares of the specialty retailer’s stock valued at $44,856,000 after acquiring an additional 53,872 shares during the last quarter. Vanguard Group Inc. boosted its stake in MarineMax by 2.5% during the 1st quarter. Vanguard Group Inc. now owns 1,532,153 shares of the specialty retailer’s stock valued at $32,941,000 after acquiring an additional 37,154 shares during the last quarter. Broad Bay Capital Management LP boosted its stake in MarineMax by 22.6% during the 1st quarter. Broad Bay Capital Management LP now owns 843,756 shares of the specialty retailer’s stock valued at $18,141,000 after acquiring an additional 155,750 shares during the last quarter. Private Management Group Inc. boosted its stake in MarineMax by 5.9% during the 1st quarter. Private Management Group Inc. now owns 559,096 shares of the specialty retailer’s stock valued at $12,021,000 after acquiring an additional 31,226 shares during the last quarter. Finally, Levin Capital Strategies L.P. boosted its stake in MarineMax by 42.3% during the 1st quarter. Levin Capital Strategies L.P. now owns 508,287 shares of the specialty retailer’s stock valued at $10,928,000 after acquiring an additional 150,976 shares during the last quarter. 92.85% of the stock is currently owned by institutional investors.

MarineMax Stock Down 1.3%

Shares of NYSE:HZO opened at $26.05 on Thursday. The stock has a market capitalization of $559.08 million, a price-to-earnings ratio of -19.44 and a beta of 1.53. MarineMax, Inc. has a 1-year low of $16.85 and a 1-year high of $35.46. The company’s fifty day moving average is $26.09 and its two-hundred day moving average is $24.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.29 and a current ratio of 1.21.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.67). MarineMax had a positive return on equity of 2.63% and a negative net margin of 1.15%.The firm had revenue of $657.16 million during the quarter, compared to analyst estimates of $737.82 million. During the same period last year, the business earned $1.51 EPS. The firm’s revenue was down 13.3% on a year-over-year basis. Equities analysts anticipate that MarineMax, Inc. will post 2.41 EPS for the current year.

Insider Buying and Selling at MarineMax

In related news, CEO W Brett Mcgill sold 60,000 shares of the stock in a transaction dated Monday, August 25th. The shares were sold at an average price of $27.53, for a total value of $1,651,800.00. Following the sale, the chief executive officer owned 173,038 shares of the company’s stock, valued at $4,763,736.14. This trade represents a 25.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

HZO has been the topic of a number of research analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of MarineMax in a research note on Wednesday, October 8th. Zacks Research upgraded shares of MarineMax from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 23rd. B. Riley reiterated a “buy” rating on shares of MarineMax in a research note on Friday, July 25th. Wall Street Zen cut shares of MarineMax from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Finally, Truist Financial increased their target price on shares of MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, MarineMax currently has a consensus rating of “Moderate Buy” and an average price target of $34.00.

About MarineMax

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.