Victory Capital Management Inc. Increases Stock Position in MarineMax, Inc. (NYSE:HZO)

Victory Capital Management Inc. lifted its holdings in MarineMax, Inc. (NYSE:HZO - Free Report) by 134.3% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 129,416 shares of the specialty retailer's stock after purchasing an additional 74,173 shares during the period. Victory Capital Management Inc. owned approximately 0.58% of MarineMax worth $4,565,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new stake in MarineMax in the 2nd quarter valued at about $52,000. Bfsg LLC raised its holdings in MarineMax by 19.1% in the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer's stock valued at $150,000 after acquiring an additional 681 shares in the last quarter. James Investment Research Inc. purchased a new position in MarineMax in the third quarter worth approximately $203,000. Price T Rowe Associates Inc. MD grew its holdings in MarineMax by 17.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer's stock worth $205,000 after acquiring an additional 924 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of 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 in the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Trading Up 2.9 %

Shares of MarineMax stock opened at $30.57 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. The company has a market capitalization of $690.46 million, a P/E ratio of 18.52 and a beta of 1.85. MarineMax, Inc. has a 1 year low of $22.51 and a 1 year high of $39.85. The company's fifty day moving average is $31.82 and its two-hundred day moving average is $31.47.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share (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 quarter in the previous year, the firm posted $0.69 EPS. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. Analysts forecast that MarineMax, Inc. will post 2.33 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HZO shares. Truist Financial increased 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. Citigroup raised 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 report on Monday, September 9th. StockNews.com lowered shares of MarineMax from a "hold" rating to a "sell" rating in a research note on Tuesday, September 3rd. Finally, Benchmark initiated coverage on shares of MarineMax in a research report on Tuesday, October 15th. They set a "buy" rating and a $40.00 price objective for the company. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, MarineMax currently has a consensus rating of "Moderate Buy" and a consensus price target of $41.83.

About MarineMax

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.