Permanent Capital Management LP Makes New Investment in MarineMax, Inc. $HZO

Permanent Capital Management LP bought a new stake in MarineMax, Inc. (NYSE:HZO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,302 shares of the specialty retailer’s stock, valued at approximately $1,072,000.

Other large investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in MarineMax by 52.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer’s stock worth $34,000 after purchasing an additional 466 shares during the period. State of Wyoming purchased a new position in shares of MarineMax during the first quarter valued at approximately $41,000. MTM Investment Management LLC purchased a new stake in shares of MarineMax in the second quarter worth approximately $42,000. 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 worth $126,000 after buying an additional 567 shares during the period. Finally, Jones Financial Companies Lllp bought a new stake in shares of MarineMax during the 1st quarter worth approximately $168,000. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Stock Performance

HZO stock opened at $24.54 on Monday. MarineMax, Inc. has a 1-year low of $16.85 and a 1-year high of $33.28. The business has a 50-day moving average price of $24.39 and a 200 day moving average price of $25.14. The company has a market capitalization of $536.58 million, a P/E ratio of -15.83 and a beta of 1.66. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.20 and a quick ratio of 0.32.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, November 13th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.11. MarineMax had a negative net margin of 1.37% and a positive return on equity of 2.00%. 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 business earned $0.24 EPS. The firm’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. As a group, equities research analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on HZO shares. Loop Capital began coverage on MarineMax in a research report on Monday, December 22nd. They issued a “buy” rating and a $29.00 price objective on the stock. Zacks Research cut shares of MarineMax from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Truist Financial raised their price target on shares of MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Wednesday, October 15th. Wall Street Zen raised shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings restated a “sell (d)” rating on shares of MarineMax in a research note on Wednesday, October 8th. Six research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, MarineMax presently has a consensus rating of “Moderate Buy” and a consensus price target 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.