Levin Capital Strategies L.P. Lowers Position in MarineMax, Inc. $HZO

Levin Capital Strategies L.P. decreased its stake in shares of MarineMax, Inc. (NYSE:HZO) by 13.1% in the first quarter, Holdings Channel.com reports. The fund owned 606,469 shares of the specialty retailer’s stock after selling 91,428 shares during the period. MarineMax comprises about 1.2% of Levin Capital Strategies L.P.’s holdings, making the stock its 23rd biggest position. Levin Capital Strategies L.P.’s holdings in MarineMax were worth $16,411,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of HZO. Invesco Ltd. increased its holdings in MarineMax by 115.6% in the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after acquiring an additional 383,926 shares during the last quarter. CenterBook Partners LP lifted its stake in MarineMax by 74.7% in the 4th quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer’s stock worth $12,901,000 after purchasing an additional 227,734 shares in the last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of MarineMax by 857,142.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer’s stock valued at $4,871,000 after purchasing an additional 180,000 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of MarineMax by 69.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock valued at $7,496,000 after purchasing an additional 142,775 shares during the last quarter. Finally, Simcoe Capital LLC purchased a new position in shares of MarineMax during the fourth quarter valued at about $3,317,000. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Price Performance

HZO stock opened at $32.88 on Thursday. MarineMax, Inc. has a 52 week low of $21.41 and a 52 week high of $38.14. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $34.54 and a two-hundred day simple moving average of $30.53. The firm has a market capitalization of $724.46 million, a P/E ratio of -11.19 and a beta of 1.58.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, April 23rd. The specialty retailer reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.07. The business had revenue of $527.41 million during the quarter, compared to analysts’ expectations of $617.21 million. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The business’s revenue was down 16.5% on a year-over-year basis. During the same period last year, the company posted $0.23 EPS. Analysts anticipate that MarineMax, Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Citigroup reaffirmed a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Weiss Ratings raised MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. B. Riley Financial cut MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 price target for the company. in a report on Tuesday. Finally, Truist Financial lifted their price objective on MarineMax from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $34.50.

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.