MarineMax, Inc. (NYSE:HZO) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 17.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 343,847 shares of the specialty retailer's stock after selling 72,475 shares during the period. Charles Schwab Investment Management Inc. owned 1.54% of MarineMax worth $12,127,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its position in MarineMax by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer's stock worth $46,767,000 after acquiring an additional 110,601 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of MarineMax by 134.3% in the third quarter. Victory Capital Management Inc. now owns 129,416 shares of the specialty retailer's stock valued at $4,565,000 after purchasing an additional 74,173 shares in the last quarter. Millennium Management LLC increased its holdings in shares of MarineMax by 22.7% in the second quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer's stock valued at $13,012,000 after purchasing an additional 74,451 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of MarineMax in the third quarter valued at approximately $912,000. Finally, Royce & Associates LP lifted its position in MarineMax by 45.2% during the third quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer's stock worth $13,008,000 after buying an additional 114,880 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company's stock.

MarineMax Trading Up 3.8 %

MarineMax stock traded up $1.21 during midday trading on Monday, reaching $32.65. 187,934 shares of the stock traded hands, compared to its average volume of 299,720. The firm has a market cap of $737.56 million, a PE ratio of 19.05 and a beta of 1.87. 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 50-day simple moving average of $31.15 and a two-hundred day simple moving average of $31.96. MarineMax, Inc. has a 12-month low of $22.51 and a 12-month high of $39.85.

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

Wall Street Analysts Forecast Growth

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

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.