Assenagon Asset Management S.A. Buys 63,271 Shares of MarineMax, Inc. (NYSE:HZO)

Assenagon Asset Management S.A. increased its position in MarineMax, Inc. (NYSE:HZO - Free Report) by 212.4% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,056 shares of the specialty retailer's stock after purchasing an additional 63,271 shares during the period. Assenagon Asset Management S.A. owned 0.42% of MarineMax worth $3,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in MarineMax by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer's stock valued at $267,000 after purchasing an additional 408 shares during the last quarter. Janus Henderson Group PLC increased its position in MarineMax by 3.3% in the 1st quarter. Janus Henderson Group PLC now owns 16,616 shares of the specialty retailer's stock valued at $553,000 after acquiring an additional 529 shares during the period. Texas Permanent School Fund Corp raised its stake in MarineMax by 3.1% during the 1st quarter. Texas Permanent School Fund Corp now owns 17,628 shares of the specialty retailer's stock valued at $586,000 after acquiring an additional 536 shares in the last quarter. SummerHaven Investment Management LLC boosted its position in MarineMax by 2.9% during the 2nd quarter. SummerHaven Investment Management LLC now owns 20,150 shares of the specialty retailer's stock worth $652,000 after acquiring an additional 567 shares during the period. Finally, Bfsg LLC grew its position 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 in the last quarter. Institutional investors and hedge funds own 92.85% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on HZO shares. DA Davidson upped their price target on MarineMax from $34.00 to $37.00 and gave the company a "buy" rating in a report on Wednesday, July 24th. Truist Financial upped their target price on MarineMax from $35.00 to $44.00 and gave the company a "buy" rating in a report on Friday, July 26th. Stifel Nicolaus lifted their price target on MarineMax from $35.00 to $40.00 and gave the stock a "buy" rating in a research note on Friday, July 12th. B. Riley reduced their price objective on shares of MarineMax from $48.00 to $46.00 and set a "buy" rating for the company in a research note on Wednesday, July 10th. Finally, Benchmark began coverage on shares of MarineMax in a report on Tuesday, October 15th. They set a "buy" rating and a $40.00 price target on the stock. One analyst has rated the stock with a sell rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $41.83.

MarineMax Trading Down 2.8 %

NYSE:HZO traded down $0.85 on Thursday, hitting $29.19. 292,172 shares of the stock were exchanged, compared to its average volume of 309,814. The company's 50-day moving average price is $32.04 and its 200 day moving average price is $31.07. MarineMax, Inc. has a 52 week low of $22.51 and a 52 week high of $39.85. The stock has a market capitalization of $650.97 million, a price-to-earnings ratio of 11.18 and a beta of 1.82. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.36 and a current ratio of 1.20.

MarineMax (NYSE:HZO - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.06. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The business had revenue of $563.10 million during the quarter, compared to the consensus estimate of $576.49 million. During the same quarter in the prior year, the company posted $0.69 earnings per share. The firm's revenue was down 5.3% on a year-over-year basis. On average, equities research analysts forecast that MarineMax, Inc. will post 2.06 earnings per share for the current 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.