Annis Gardner Whiting Capital Advisors LLC Boosts Stock Position in MarineMax, Inc. $HZO

Annis Gardner Whiting Capital Advisors LLC lifted its stake in MarineMax, Inc. (NYSE:HZO) by 857,142.9% in the 1st quarter, Holdings Channel.com reports. The firm owned 180,021 shares of the specialty retailer’s stock after purchasing an additional 180,000 shares during the period. MarineMax makes up about 0.8% of Annis Gardner Whiting Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest position. Annis Gardner Whiting Capital Advisors LLC’s holdings in MarineMax were worth $4,871,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC grew its holdings in MarineMax by 54.8% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock valued at $26,000 after buying an additional 374 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in shares of MarineMax by 93.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock worth $42,000 after acquiring an additional 808 shares during the period. Fifth Third Bancorp raised its holdings in shares of MarineMax by 3,613.3% during the 1st quarter. Fifth Third Bancorp now owns 4,196 shares of the specialty retailer’s stock worth $114,000 after acquiring an additional 4,083 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of MarineMax by 129.3% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 2,996 shares during the last quarter. Finally, Jones Financial Companies Lllp purchased a new stake in shares of MarineMax in the first quarter valued at about $168,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Wall Street Analyst Weigh In

HZO has been the subject of several recent analyst reports. Truist Financial raised their price objective on shares of MarineMax from $34.00 to $39.00 and gave the stock a “buy” rating in a research report on Monday, July 6th. Citigroup reissued a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Weiss Ratings upgraded shares of MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, May 12th. Finally, B. Riley Financial reaffirmed 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $33.00.

MarineMax Trading Down 2.3%

HZO opened at $34.47 on Friday. MarineMax, Inc. has a 52 week low of $21.41 and a 52 week high of $38.14. The business has a fifty day simple moving average of $34.52 and a 200-day simple moving average of $30.29. The firm has a market cap of $759.44 million, a P/E ratio of -11.73 and a beta of 1.58. The company has a quick ratio of 0.32, a current ratio of 1.18 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZO) last issued its quarterly earnings data 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. The business had revenue of $527.41 million during the quarter, compared to analysts’ expectations of $617.21 million. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The company’s revenue was down 16.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.23 earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, equities analysts expect that MarineMax, Inc. will post 0.74 earnings per share for the current year.

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.