140,329 Shares in MarineMax, Inc. (NYSE:HZO) Acquired by Algert Global LLC

Algert Global LLC bought a new position in shares of MarineMax, Inc. (NYSE:HZO - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 140,329 shares of the specialty retailer's stock, valued at approximately $4,949,000. Algert Global LLC owned approximately 0.63% of MarineMax as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company increased its stake in shares of MarineMax by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer's stock worth $267,000 after purchasing an additional 408 shares during the last quarter. Janus Henderson Group PLC increased its position in MarineMax by 3.3% during the first quarter. Janus Henderson Group PLC now owns 16,616 shares of the specialty retailer's stock worth $553,000 after buying an additional 529 shares during the last quarter. SummerHaven Investment Management LLC raised its stake in MarineMax by 2.9% in the second quarter. SummerHaven Investment Management LLC now owns 20,150 shares of the specialty retailer's stock valued at $652,000 after buying an additional 567 shares during the period. Bfsg LLC lifted its position in shares of MarineMax by 19.1% in the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer's stock valued at $150,000 after buying an additional 681 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of MarineMax by 17.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer's stock worth $205,000 after acquiring an additional 924 shares during the period. Institutional investors own 92.85% of the company's stock.

MarineMax Stock Performance

NYSE:HZO traded up $2.79 during mid-day trading on Monday, reaching $33.35. 380,624 shares of the company's stock were exchanged, compared to its average volume of 302,721. MarineMax, Inc. has a one year low of $22.51 and a one year high of $39.85. 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 business's fifty day simple moving average is $31.75 and its two-hundred day simple moving average is $31.59. The firm has a market capitalization of $753.38 million, a PE ratio of 20.02 and a beta of 1.85.

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

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. StockNews.com downgraded MarineMax from a "hold" rating to a "sell" rating in a report on Tuesday, September 3rd. Benchmark began coverage on shares of MarineMax in a research note on Tuesday, October 15th. They set a "buy" rating and a $40.00 target price for the company. Finally, Citigroup upgraded shares of MarineMax from a "neutral" rating to a "buy" rating and upped their price target for the company from $40.00 to $44.00 in a research note on Monday, September 9th. One investment analyst has rated the stock with a sell rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $41.83.

MarineMax 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.