RBF Capital LLC Acquires 33,544 Shares of MarineMax, Inc. (NYSE:HZO)

RBF Capital LLC grew its stake in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 55.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 93,544 shares of the specialty retailer's stock after purchasing an additional 33,544 shares during the period. RBF Capital LLC owned about 0.42% of MarineMax worth $3,299,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HZO. Canada Pension Plan Investment Board bought a new position in shares of MarineMax in the second quarter valued at approximately $52,000. Point72 Asia Singapore Pte. Ltd. bought a new position in MarineMax during the third quarter valued at $67,000. Point72 Asset Management L.P. bought a new position in MarineMax during the third quarter valued at $143,000. Bfsg LLC grew its holdings in MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer's stock valued at $150,000 after purchasing an additional 681 shares during the period. Finally, James Investment Research Inc. bought a new position in MarineMax during the third quarter valued at $203,000. 92.85% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. StockNews.com lowered MarineMax from a "hold" rating to a "sell" rating in a report on Tuesday, September 3rd. Benchmark began coverage on MarineMax in a report on Tuesday, October 15th. They set a "buy" rating and a $40.00 price objective for the company. Finally, Citigroup upgraded MarineMax from a "neutral" rating to a "buy" rating and increased their target price for the stock from $40.00 to $44.00 in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $41.83.

MarineMax Price Performance

Shares of HZO stock traded down $0.95 on Thursday, reaching $31.20. The company's stock had a trading volume of 102,772 shares, compared to its average volume of 299,995. The stock's 50 day simple moving average is $31.30 and its 200-day simple moving average is $31.85. MarineMax, Inc. has a 12-month low of $22.51 and a 12-month high of $39.85. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $704.81 million, a P/E ratio of 19.47 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 earnings per share for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The business had revenue of $563.10 million for the quarter, compared to the consensus estimate of $576.49 million. During the same quarter last year, the business posted $0.69 earnings per share. The company's revenue for the quarter was down 5.3% on a year-over-year basis. As a group, equities analysts predict that MarineMax, Inc. will post 2.33 earnings per share for the current fiscal year.

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.