Boothbay Fund Management LLC Boosts Stock Position in MarineMax, Inc. $HZO

Boothbay Fund Management LLC grew its stake in MarineMax, Inc. (NYSE:HZO) by 13.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 774,918 shares of the specialty retailer’s stock after buying an additional 89,080 shares during the quarter. MarineMax accounts for about 0.3% of Boothbay Fund Management LLC’s portfolio, making the stock its 21st largest holding. Boothbay Fund Management LLC owned about 3.52% of MarineMax worth $18,776,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of HZO. AQR Capital Management LLC raised its holdings in MarineMax by 3.9% in the 4th quarter. AQR Capital Management LLC now owns 9,471 shares of the specialty retailer’s stock worth $229,000 after purchasing an additional 358 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of MarineMax by 54.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock valued at $26,000 after acquiring an additional 374 shares during the last quarter. Schonfeld Strategic Advisors LLC raised its holdings in shares of MarineMax by 1.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 37,578 shares of the specialty retailer’s stock valued at $911,000 after acquiring an additional 403 shares during the last quarter. RBF Capital LLC raised its holdings in shares of MarineMax by 0.5% during the fourth quarter. RBF Capital LLC now owns 80,420 shares of the specialty retailer’s stock valued at $1,949,000 after acquiring an additional 420 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of MarineMax by 0.7% during the third quarter. Rhumbline Advisers now owns 65,383 shares of the specialty retailer’s stock valued at $1,656,000 after acquiring an additional 439 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Stock Down 2.8%

Shares of NYSE HZO opened at $33.11 on Thursday. The stock has a market cap of $729.48 million, a P/E ratio of -11.26 and a beta of 1.59. The company has a current ratio of 1.18, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36. MarineMax, Inc. has a 12-month low of $21.41 and a 12-month high of $36.25. The business’s fifty day simple moving average is $31.94 and its 200-day simple moving average is $28.66.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The company had revenue of $527.41 million for the quarter, compared to analysts’ expectations of $617.21 million. During the same period last year, the firm earned $0.23 earnings per share. MarineMax’s quarterly revenue was down 16.5% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, equities analysts predict that MarineMax, Inc. will post 0.74 EPS for the current fiscal year.

MarineMax declared that its board has initiated a share buyback program on Wednesday, March 4th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the specialty retailer to buy up to 15.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

HZO has been the subject of a number of analyst reports. Truist Financial set a $34.00 price target on MarineMax in a research report on Tuesday, April 21st. Weiss Ratings upgraded MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Citigroup restated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Finally, B. Riley Financial restated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.75.

MarineMax 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.