MarineMax (NYSE:HZO) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of MarineMax (NYSE:HZO) from a sell rating to a hold rating in a report released on Friday morning.

Several other equities research analysts have also recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of MarineMax in a research report on Friday. DA Davidson cut their price target on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday. One research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $41.50.

MarineMax Stock Down 4.8 %

Shares of HZO opened at $30.81 on Friday. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. MarineMax has a 12 month low of $22.51 and a 12 month high of $38.20. The firm’s 50 day moving average is $29.64 and its 200-day moving average is $31.23. The stock has a market capitalization of $699.14 million, a PE ratio of 18.67 and a beta of 1.89.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. Equities research analysts forecast that MarineMax will post 2.25 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in HZO. Dimensional Fund Advisors LP grew its holdings in shares of MarineMax by 8.3% during 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 purchasing an additional 110,601 shares during the last quarter. Private Management Group Inc. grew its stake in shares of MarineMax by 11.5% during the third quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer’s stock worth $18,835,000 after buying an additional 55,033 shares during the last quarter. Millennium Management LLC increased its holdings in shares of MarineMax by 22.7% during the second quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock worth $13,012,000 after buying an additional 74,451 shares in the last quarter. Royce & Associates LP lifted its stake 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 valued at $13,008,000 after acquiring an additional 114,880 shares during the last quarter. Finally, Portolan Capital Management LLC acquired a new stake in shares of MarineMax during the 3rd quarter valued at $11,271,000. Institutional investors own 92.85% of the company’s stock.

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.