Zurcher Kantonalbank Zurich Cantonalbank Increases Stock Holdings in MarineMax, Inc. (NYSE:HZO)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in MarineMax, Inc. (NYSE:HZO) by 25.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,472 shares of the specialty retailer’s stock after purchasing an additional 696 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in MarineMax were worth $135,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Louisiana State Employees Retirement System purchased a new position in MarineMax in the fourth quarter worth approximately $389,000. Arizona State Retirement System acquired a new position in shares of MarineMax in the 4th quarter valued at $214,000. Assenagon Asset Management S.A. grew its holdings in shares of MarineMax by 25.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 92,191 shares of the specialty retailer’s stock worth $3,586,000 after purchasing an additional 18,484 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its position in shares of MarineMax by 438.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 56,500 shares of the specialty retailer’s stock worth $1,854,000 after purchasing an additional 46,000 shares during the last quarter. Finally, Brandywine Global Investment Management LLC raised its holdings in MarineMax by 16.0% in the 3rd quarter. Brandywine Global Investment Management LLC now owns 66,464 shares of the specialty retailer’s stock valued at $2,181,000 after buying an additional 9,184 shares during the period. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Trading Up 2.2 %

Shares of MarineMax stock opened at $26.01 on Thursday. The company has a fifty day simple moving average of $29.17 and a 200-day simple moving average of $31.16. MarineMax, Inc. has a 12-month low of $22.51 and a 12-month high of $42.88. The company has a current ratio of 1.24, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40. The stock has a market cap of $580.05 million, a price-to-earnings ratio of 9.42 and a beta of 1.78.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.55). MarineMax had a return on equity of 7.66% and a net margin of 2.56%. The firm had revenue of $582.90 million for the quarter, compared to analysts’ expectations of $590.19 million. During the same period in the previous year, the business posted $1.23 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. On average, equities analysts forecast that MarineMax, Inc. will post 2.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Clint Moore sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $31.12, for a total transaction of $124,480.00. Following the transaction, the director now directly owns 20,544 shares in the company, valued at $639,329.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HZO shares. Truist Financial dropped their price target on shares of MarineMax from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Stifel Nicolaus decreased their target price on MarineMax from $37.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. StockNews.com downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Saturday, January 27th. Finally, DA Davidson restated a “buy” rating and issued a $34.00 price target on shares of MarineMax in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $36.75.

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.