Interval Partners LP Has $2.48 Million Stock Position in MarineMax, Inc. (NYSE:HZO)

Interval Partners LP lowered its stake in MarineMax, Inc. (NYSE:HZO) by 49.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,757 shares of the specialty retailer’s stock after selling 85,100 shares during the period. Interval Partners LP’s holdings in MarineMax were worth $2,483,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in HZO. Divisadero Street Capital Management LP acquired a new stake in MarineMax in the fourth quarter valued at approximately $8,503,000. Concentric Capital Strategies LP boosted its position in MarineMax by 79.4% in the fourth quarter. Concentric Capital Strategies LP now owns 245,767 shares of the specialty retailer’s stock valued at $7,115,000 after buying an additional 108,763 shares in the last quarter. First Eagle Investment Management LLC acquired a new stake in MarineMax in the fourth quarter valued at approximately $3,126,000. CenterBook Partners LP boosted its position in MarineMax by 109.6% in the fourth quarter. CenterBook Partners LP now owns 173,880 shares of the specialty retailer’s stock valued at $5,034,000 after buying an additional 90,915 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in MarineMax by 105.7% in the fourth quarter. BNP Paribas Financial Markets now owns 133,380 shares of the specialty retailer’s stock valued at $3,861,000 after buying an additional 68,544 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Price Performance

Shares of NYSE HZO opened at $21.59 on Monday. MarineMax, Inc. has a twelve month low of $16.85 and a twelve month high of $38.20. The firm has a fifty day simple moving average of $21.44 and a 200 day simple moving average of $26.65. The company has a market capitalization of $463.60 million, a PE ratio of 9.07 and a beta of 1.69. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The business had revenue of $631.52 million during the quarter, compared to the consensus estimate of $580.12 million. During the same quarter last year, the firm earned $0.18 earnings per share. MarineMax’s quarterly revenue was up 8.3% on a year-over-year basis. On average, sell-side analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Truist Financial cut their target price on shares of MarineMax from $38.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. B. Riley upgraded shares of MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. DA Davidson cut their price target on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MarineMax has an average rating of “Buy” and a consensus target price of $38.50.

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.