Intech Investment Management LLC Makes New Investment in MarineMax, Inc. (NYSE:HZO)

Intech Investment Management LLC bought a new stake in MarineMax, Inc. (NYSE:HZO - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,870 shares of the specialty retailer's stock, valued at approximately $912,000. Intech Investment Management LLC owned about 0.12% of MarineMax as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of HZO. Vanguard Group Inc. raised its holdings in shares of MarineMax by 2.0% in the first quarter. Vanguard Group Inc. now owns 1,468,991 shares of the specialty retailer's stock valued at $48,859,000 after purchasing an additional 29,473 shares during the last quarter. Dimensional Fund Advisors LP grew its position in MarineMax by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer's stock valued at $46,767,000 after purchasing an additional 110,601 shares in the last quarter. Private Management Group Inc. increased its stake in MarineMax by 11.5% in the 3rd quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer's stock valued at $18,835,000 after buying an additional 55,033 shares during the last quarter. Millennium Management LLC grew its holdings in shares of MarineMax by 22.7% in the 2nd quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer's stock valued at $13,012,000 after acquiring an additional 74,451 shares in the last quarter. Finally, Royce & Associates LP raised its stake in shares of MarineMax by 45.2% during the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer's stock worth $13,008,000 after purchasing an additional 114,880 shares in the last quarter. Institutional investors own 92.85% of the company's stock.

Analyst Upgrades and Downgrades

HZO has been the topic of a number of recent analyst reports. Citigroup upgraded shares of MarineMax from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $40.00 to $44.00 in a report on Monday, September 9th. Benchmark initiated coverage on MarineMax in a research note on Tuesday, October 15th. They issued a "buy" rating and a $40.00 price target on the stock. Finally, StockNews.com downgraded shares of MarineMax from a "hold" rating to a "sell" rating in a research report on Tuesday, September 3rd. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.83.

MarineMax Stock Performance

NYSE:HZO traded up $1.80 during mid-day trading on Friday, reaching $34.32. 390,286 shares of the company's stock were exchanged, compared to its average volume of 301,824. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. The firm has a market capitalization of $775.29 million, a PE ratio of 21.00 and a beta of 1.85. MarineMax, Inc. has a one year low of $22.51 and a one year high of $39.85. The business's fifty day simple moving average is $31.52 and its two-hundred day simple moving average is $31.68.

MarineMax (NYSE:HZO - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. The company had revenue of $563.10 million during the quarter, compared to the consensus estimate of $576.49 million. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The firm's quarterly revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.69 earnings per share. Analysts anticipate that MarineMax, Inc. will post 2.33 earnings per share for the current fiscal year.

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.