MarineMax, Inc. $HZO Shares Bought by Boothbay Fund Management LLC

Boothbay Fund Management LLC grew its stake in shares of MarineMax, Inc. (NYSE:HZO) by 13.0% in the fourth quarter, Holdings Channel.com reports. The fund owned 774,918 shares of the specialty retailer’s stock after purchasing an additional 89,080 shares during the period. MarineMax makes up about 0.3% of Boothbay Fund Management LLC’s holdings, making the stock its 21st largest holding. Boothbay Fund Management LLC’s holdings in MarineMax were worth $18,776,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nisa Investment Advisors LLC lifted its position in shares of MarineMax by 54.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 374 shares during the period. Russell Investments Group Ltd. raised its position in shares of MarineMax by 93.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 808 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of MarineMax by 129.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 2,996 shares during the last quarter. Jones Financial Companies Lllp acquired a new position in shares of MarineMax during the 1st quarter worth approximately $168,000. Finally, DRW Securities LLC acquired a new position in shares of MarineMax during the 4th quarter worth approximately $218,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Stock Down 2.8%

Shares of NYSE HZO opened at $33.11 on Thursday. MarineMax, Inc. has a 52-week low of $21.41 and a 52-week high of $36.25. The firm has a fifty day moving average of $31.94 and a 200-day moving average of $28.66. The stock has a market capitalization of $729.48 million, a PE ratio of -11.26 and a beta of 1.59. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share (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 company had revenue of $527.41 million during the quarter, compared to analysts’ expectations of $617.21 million. During the same period in the previous year, the company earned $0.23 EPS. The business’s quarterly revenue was down 16.5% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, analysts anticipate that MarineMax, Inc. will post 0.74 EPS for the current year.

MarineMax announced that its Board of Directors has authorized a share repurchase program on Wednesday, March 4th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the specialty retailer to repurchase up to 15.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. B. Riley Financial restated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Truist Financial set a $34.00 price objective on MarineMax in a research report on Tuesday, April 21st. Citigroup reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Finally, Weiss Ratings raised shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $31.75.

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.