Hotchkis & Wiley Capital Management LLC Cuts Stock Position in MarineMax, Inc. (NYSE:HZO)

Hotchkis & Wiley Capital Management LLC reduced its stake in MarineMax, Inc. (NYSE:HZO - Free Report) by 41.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 183,730 shares of the specialty retailer's stock after selling 128,680 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned 0.82% of MarineMax worth $6,480,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Canada Pension Plan Investment Board acquired a new position in shares of MarineMax in the second quarter valued at $52,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of MarineMax during the 3rd quarter worth about $67,000. Bfsg LLC grew its stake in MarineMax by 19.1% in the 3rd 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. James Investment Research Inc. bought a new position in MarineMax in the 3rd quarter valued at about $203,000. Finally, Price T Rowe Associates Inc. MD lifted its position in MarineMax by 17.7% during the first 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 last quarter. 92.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

MarineMax Trading Down 0.4 %

NYSE:HZO traded down $0.14 during mid-day trading on Friday, hitting $31.38. 206,913 shares of the company's stock were exchanged, compared to its average volume of 300,192. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. MarineMax, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $39.85. The company has a 50 day simple moving average of $31.23 and a 200-day simple moving average of $31.85. The firm has a market capitalization of $708.87 million, a P/E ratio of 19.10 and a beta of 1.87.

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