Empowered Funds LLC Has $757,000 Stock Position in MarineMax, Inc. (NYSE:HZO)

Empowered Funds LLC lifted its stake in shares of MarineMax, Inc. (NYSE:HZO) by 5.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,473 shares of the specialty retailer’s stock after purchasing an additional 1,072 shares during the period. Empowered Funds LLC owned 0.10% of MarineMax worth $757,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in MarineMax by 8.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock valued at $46,767,000 after acquiring an additional 110,601 shares during the last quarter. Millennium Management LLC lifted its stake in MarineMax by 22.7% in the 2nd quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock valued at $13,012,000 after purchasing an additional 74,451 shares during the last quarter. Victory Capital Management Inc. grew its holdings in MarineMax by 60.0% during the second quarter. Victory Capital Management Inc. now owns 55,243 shares of the specialty retailer’s stock worth $1,788,000 after purchasing an additional 20,724 shares during the period. Assenagon Asset Management S.A. increased its position in MarineMax by 342.7% during the second quarter. Assenagon Asset Management S.A. now owns 29,785 shares of the specialty retailer’s stock worth $964,000 after buying an additional 23,057 shares during the last quarter. Finally, Royce & Associates LP raised its stake in MarineMax by 45.2% in the third quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock valued at $13,008,000 after buying an additional 114,880 shares during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Stock Up 2.9 %

HZO stock opened at $30.56 on Friday. MarineMax, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $39.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.34. The stock has a market capitalization of $690.35 million, a price-to-earnings ratio of 18.52 and a beta of 1.85. The business’s fifty day moving average price is $31.75 and its two-hundred day moving average price is $31.50.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $563.10 million for the quarter, compared to analyst estimates of $576.49 million. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. MarineMax’s revenue for the quarter was down 5.3% compared to the same quarter last year. During the same period last year, the firm earned $0.69 earnings per share. On average, equities analysts anticipate that MarineMax, Inc. will post 2.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $40.00 to $44.00 in a research note on Monday, September 9th. Benchmark assumed coverage on shares of MarineMax in a report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price objective on the stock. Finally, StockNews.com lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.83.

About MarineMax

MarineMax, Inc operates as a recreational boat and yacht retailer and superyacht services company in the United States. It operates in two segments, Retail Operations and Product Manufacturing. The company sells new and used recreational boats, including pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, jet boats, and other recreational boats.