Prescott Group Capital Management L.L.C. Has $3.21 Million Holdings in MarineMax, Inc. $HZO

Prescott Group Capital Management L.L.C. boosted its holdings in shares of MarineMax, Inc. (NYSE:HZO) by 64.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 132,601 shares of the specialty retailer’s stock after acquiring an additional 51,808 shares during the quarter. Prescott Group Capital Management L.L.C.’s holdings in MarineMax were worth $3,213,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HZO. Boothbay Fund Management LLC acquired a new position in MarineMax during the third quarter worth approximately $17,372,000. Divisadero Street Capital Management LP acquired a new position in shares of MarineMax in the third quarter valued at approximately $16,620,000. Invesco Ltd. grew its position in shares of MarineMax by 115.6% in 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 during the last quarter. Gagnon Securities LLC acquired a new position in shares of MarineMax in the third quarter valued at approximately $6,620,000. Finally, CenterBook Partners LP grew its position in shares of MarineMax by 183.8% in the third quarter. CenterBook Partners LP now owns 304,718 shares of the specialty retailer’s stock valued at $7,719,000 after purchasing an additional 197,336 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Trading Up 6.1%

Shares of HZO stock opened at $33.51 on Thursday. The company has a current ratio of 1.18, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36. The stock has a market cap of $738.29 million, a P/E ratio of -11.40 and a beta of 1.55. The stock has a 50 day simple moving average of $28.79 and a 200 day simple moving average of $27.15. MarineMax, Inc. has a 1 year low of $20.52 and a 1 year high of $34.61.

MarineMax (NYSE:HZO) last issued its quarterly earnings results 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 positive return on equity of 0.68% and a negative net margin of 2.83%.The business 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 posted $0.23 earnings per share. The firm’s revenue for the quarter 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, research analysts predict that MarineMax, Inc. will post 0.74 earnings per share for the current fiscal year.

MarineMax declared that its board has approved a stock repurchase plan on Wednesday, March 4th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the specialty retailer to purchase up to 15.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HZO. B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Benchmark reaffirmed a “buy” rating on shares of MarineMax in a research report on Friday, January 30th. National Bank Financial set a $35.00 target price on MarineMax in a research report on Friday, January 30th. Zacks Research raised MarineMax from a “strong sell” rating to a “hold” rating in a research report on Friday, January 23rd. Finally, Weiss Ratings raised MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, MarineMax has an average rating of “Moderate Buy” and an average price target of $31.80.

MarineMax Profile

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.