Oliver Luxxe Assets LLC Purchases Shares of 45,473 MarineMax, Inc. (NYSE:HZO)

Oliver Luxxe Assets LLC acquired a new position in MarineMax, Inc. (NYSE:HZO - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 45,473 shares of the specialty retailer's stock, valued at approximately $1,316,000. Oliver Luxxe Assets LLC owned approximately 0.20% of MarineMax at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HZO. Portolan Capital Management LLC acquired a new stake in shares of MarineMax in the 3rd quarter valued at about $11,271,000. Algert Global LLC acquired a new stake in MarineMax during the third quarter valued at approximately $4,949,000. Concentric Capital Strategies LP bought a new position in MarineMax during the 3rd quarter worth approximately $4,832,000. Royce & Associates LP grew its position in shares of MarineMax by 45.2% in 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of MarineMax by 8.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer's stock valued at $46,767,000 after acquiring an additional 110,601 shares during the last quarter. Hedge funds and other institutional investors own 92.85% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on HZO. StockNews.com raised shares of MarineMax from a "sell" rating to a "hold" rating in a report on Thursday, December 26th. Benchmark started coverage on shares of MarineMax in a report on Tuesday, October 15th. They issued a "buy" rating and a $40.00 price target for the company. Finally, Citigroup raised 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 report on Monday, September 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, MarineMax presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.83.

MarineMax Stock Performance

Shares of NYSE:HZO traded down $0.27 during trading hours on Tuesday, hitting $27.74. The stock had a trading volume of 204,408 shares, compared to its average volume of 208,827. The stock's fifty day simple moving average is $30.38 and its 200 day simple moving average is $31.60. The firm has a market capitalization of $626.79 million, a price-to-earnings ratio of 16.81 and a beta of 1.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. MarineMax, Inc. has a 1-year low of $22.51 and a 1-year high of $38.20.

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