De Lisle Partners LLP Raises Stake in MarineMax, Inc. (NYSE:HZO)

De Lisle Partners LLP lifted its holdings in MarineMax, Inc. (NYSE:HZO - Free Report) by 19.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 134,149 shares of the specialty retailer's stock after purchasing an additional 21,921 shares during the period. De Lisle Partners LLP owned about 0.60% of MarineMax worth $4,728,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in HZO. Algert Global LLC bought a new stake in MarineMax during the 3rd quarter worth approximately $4,949,000. Intech Investment Management LLC bought a new stake in MarineMax during the 3rd quarter worth approximately $912,000. Empowered Funds LLC raised its stake in MarineMax by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 21,473 shares of the specialty retailer's stock worth $757,000 after acquiring an additional 1,072 shares during the period. Royce & Associates LP raised its stake in 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 acquiring an additional 114,880 shares during the period. Finally, Victory Capital Management Inc. raised its stake in MarineMax by 134.3% during the 3rd quarter. Victory Capital Management Inc. now owns 129,416 shares of the specialty retailer's stock worth $4,565,000 after acquiring an additional 74,173 shares during the period. Institutional investors own 92.85% of the company's stock.

MarineMax Price Performance

Shares of HZO stock traded up $0.36 on Thursday, reaching $32.52. The company's stock had a trading volume of 142,958 shares, compared to its average volume of 301,440. The stock's fifty day simple moving average is $31.59 and its 200-day simple moving average is $31.68. MarineMax, Inc. has a 1 year low of $22.51 and a 1 year high of $39.85. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $734.63 million, a price-to-earnings ratio of 19.71 and a beta of 1.85.

MarineMax (NYSE:HZO - Get Free Report) last posted its 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 firm had revenue of $563.10 million during the quarter, compared to analyst estimates of $576.49 million. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. MarineMax's revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the firm posted $0.69 earnings per share. Analysts forecast that MarineMax, Inc. will post 2.33 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Citigroup upgraded shares of MarineMax from a "neutral" rating to a "buy" rating and raised their target price for the stock from $40.00 to $44.00 in a research note on Monday, September 9th. Benchmark assumed coverage on shares of MarineMax in a research report on Tuesday, October 15th. They set a "buy" rating and a $40.00 price objective on the stock. Finally, StockNews.com cut shares of MarineMax from a "hold" rating to a "sell" rating in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, MarineMax presently has an average rating of "Moderate Buy" and an average 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.