Corient Private Wealth LLC Invests $2.78 Million in MarineMax, Inc. $HZO

Corient Private Wealth LLC purchased a new position in shares of MarineMax, Inc. (NYSE:HZO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 110,451 shares of the specialty retailer’s stock, valued at approximately $2,777,000.

Other institutional investors also recently bought and sold shares of the company. PNC Financial Services Group Inc. lifted its position in shares of MarineMax by 52.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer’s stock valued at $34,000 after acquiring an additional 466 shares in the last quarter. MTM Investment Management LLC acquired a new position in MarineMax in the 2nd quarter valued at $42,000. State of Wyoming acquired a new stake in MarineMax during the 1st quarter worth $41,000. Police & Firemen s Retirement System of New Jersey boosted its stake in MarineMax by 12.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,008 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 567 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new position in shares of MarineMax in the first quarter worth about $168,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Stock Down 0.0%

MarineMax stock opened at $24.72 on Tuesday. MarineMax, Inc. has a fifty-two week low of $16.85 and a fifty-two week high of $33.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.32 and a current ratio of 1.20. The firm has a 50 day moving average price of $24.52 and a 200 day moving average price of $25.14. The company has a market capitalization of $540.63 million, a PE ratio of -15.95 and a beta of 1.66.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, November 13th. The specialty retailer reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.11. MarineMax had a positive return on equity of 2.00% and a negative net margin of 1.37%.The company had revenue of $552.15 million for the quarter, compared to analysts’ expectations of $533.05 million. During the same period in the prior year, the firm earned $0.24 earnings per share. The firm’s revenue was down 1.9% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Research analysts expect that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MarineMax in a report on Wednesday, October 8th. Loop Capital started coverage on MarineMax in a research note on Monday. They set a “buy” rating and a $29.00 price objective on the stock. Zacks Research downgraded MarineMax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Finally, Truist Financial lifted their price target on MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Six research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, MarineMax currently has an average rating of “Moderate Buy” and a consensus target price of $33.00.

MarineMax Company Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.