SG Americas Securities LLC Sells 20,942 Shares of MarineMax, Inc. $HZO

SG Americas Securities LLC decreased its holdings in shares of MarineMax, Inc. (NYSE:HZO) by 62.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,646 shares of the specialty retailer’s stock after selling 20,942 shares during the quarter. SG Americas Securities LLC owned about 0.06% of MarineMax worth $342,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Divisadero Street Capital Management LP bought a new stake in shares of MarineMax in the 3rd quarter worth about $16,620,000. Portolan Capital Management LLC lifted its holdings in shares of MarineMax by 27.5% in the 3rd quarter. Portolan Capital Management LLC now owns 392,713 shares of the specialty retailer’s stock valued at $9,947,000 after acquiring an additional 84,725 shares during the last quarter. Boothbay Fund Management LLC purchased a new position in MarineMax in the third quarter worth about $17,372,000. Simcoe Capital LLC purchased a new position in MarineMax in the fourth quarter worth about $3,317,000. Finally, Prescott Group Capital Management L.L.C. increased its stake in MarineMax by 64.1% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 132,601 shares of the specialty retailer’s stock worth $3,213,000 after acquiring an additional 51,808 shares during the last quarter. Institutional investors own 92.85% of the company’s stock.

MarineMax Trading Down 1.3%

NYSE HZO opened at $34.73 on Friday. The stock has a market cap of $764.99 million, a PE ratio of -11.81 and a beta of 1.58. MarineMax, Inc. has a 12 month low of $21.41 and a 12 month high of $38.14. The company’s 50-day moving average price is $34.09 and its 200-day moving average price is $29.92. 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 (NYSE:HZO) last announced 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 company had revenue of $527.41 million during the quarter, compared to analyst estimates of $617.21 million. MarineMax had a negative net margin of 2.83% and a positive return on equity of 0.68%. The firm’s revenue for the quarter was down 16.5% on a year-over-year basis. During the same quarter last year, the business posted $0.23 EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Equities research analysts forecast that MarineMax, Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

HZO has been the topic of a number of recent research reports. Truist Financial upped their price objective on MarineMax from $34.00 to $39.00 and gave the company a “buy” rating in a research report on Monday. B. Riley Financial reiterated a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Weiss Ratings raised MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Finally, Citigroup restated a “buy” rating on shares of MarineMax in a report on Friday, April 24th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.