Oliver Luxxe Assets LLC Purchases New Holdings in MarineMax, Inc. (NYSE:HZO)

Oliver Luxxe Assets LLC purchased a new position in shares of MarineMax, Inc. (NYSE:HZO - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 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 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Canada Pension Plan Investment Board acquired a new position in MarineMax during the 2nd quarter worth $52,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of MarineMax in the third quarter worth $67,000. Point72 Asset Management L.P. bought a new stake in MarineMax in the 3rd quarter valued at $143,000. Bfsg LLC increased its holdings in shares of MarineMax by 19.1% during the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer's stock worth $150,000 after purchasing an additional 681 shares during the period. Finally, Systematic Financial Management LP bought a new position in shares of MarineMax during the 3rd quarter worth about $183,000. Institutional investors and hedge funds own 92.85% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on HZO shares. DA Davidson decreased their target price on MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday. Benchmark reissued a "buy" rating and set a $40.00 price objective on shares of MarineMax in a report on Friday. Finally, StockNews.com lowered MarineMax from a "hold" rating to a "sell" rating in a research note on Wednesday, January 8th. One 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, MarineMax has an average rating of "Moderate Buy" and an average target price of $41.50.

MarineMax Price Performance

Shares of MarineMax stock traded down $1.49 during midday trading on Friday, hitting $30.89. 285,948 shares of the company were exchanged, compared to its average volume of 282,304. The firm has a 50 day simple moving average of $29.56 and a 200-day simple moving average of $31.22. MarineMax, Inc. has a 52 week low of $22.51 and a 52 week high of $38.20. The firm has a market cap of $700.78 million, a P/E ratio of 18.69 and a beta of 1.89. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.34.

MarineMax (NYSE:HZO - Get Free Report) last posted its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. Research analysts forecast that MarineMax, Inc. will post 2.25 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.