SG Americas Securities LLC Sells 21,978 Shares of MarineMax, Inc. $HZO

SG Americas Securities LLC trimmed its position in MarineMax, Inc. (NYSE:HZO - Free Report) by 65.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,795 shares of the specialty retailer's stock after selling 21,978 shares during the quarter. SG Americas Securities LLC owned 0.05% of MarineMax worth $297,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Police & Firemen s Retirement System of New Jersey raised its holdings in shares of MarineMax by 12.8% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 5,008 shares of the specialty retailer's stock valued at $126,000 after acquiring an additional 567 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of MarineMax by 52.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer's stock valued at $34,000 after purchasing an additional 466 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of MarineMax in the 2nd quarter worth approximately $392,000. First Eagle Investment Management LLC lifted its position in shares of MarineMax by 23.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 240,235 shares of the specialty retailer's stock worth $6,040,000 after purchasing an additional 45,000 shares during the period. Finally, Levin Capital Strategies L.P. boosted its stake in shares of MarineMax by 44.5% during the second quarter. Levin Capital Strategies L.P. now owns 734,279 shares of the specialty retailer's stock valued at $18,460,000 after purchasing an additional 225,992 shares in the last quarter. Hedge funds and other institutional investors own 92.85% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HZO shares. Wall Street Zen raised shares of MarineMax from a "sell" rating to a "hold" rating in a research note on Saturday, November 22nd. Truist Financial boosted their price target on MarineMax from $26.00 to $29.00 and gave the stock a "buy" rating in a research report on Wednesday, October 15th. Zacks Research downgraded MarineMax from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 22nd. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of MarineMax in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. According to MarketBeat, MarineMax currently has an average rating of "Hold" and a consensus price target of $34.00.

Get Our Latest Report on MarineMax

MarineMax Stock Down 2.9%

Shares of HZO stock opened at $23.38 on Friday. The stock's fifty day moving average price is $24.88 and its 200 day moving average price is $24.82. MarineMax, Inc. has a 1-year low of $16.85 and a 1-year high of $35.46. The company has a market cap of $511.32 million, a price-to-earnings ratio of -17.45 and a beta of 1.60. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.21 and a quick ratio of 0.29.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings results on Thursday, November 13th. The specialty retailer reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.11. MarineMax had a positive return on equity of 2.63% and a negative net margin of 1.15%.The business had revenue of $552.15 million during the quarter, compared to the consensus estimate of $533.05 million. During the same quarter last year, the company earned $0.24 earnings per share. The company's quarterly revenue was down 1.9% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, research analysts expect that MarineMax, Inc. will post 2.41 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.

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