MarineMax, Inc. (NYSE:HZO) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. decreased its holdings in shares of MarineMax, Inc. (NYSE:HZO) by 17.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 343,847 shares of the specialty retailer’s stock after selling 72,475 shares during the period. Charles Schwab Investment Management Inc.’s holdings in MarineMax were worth $12,127,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of HZO. Dimensional Fund Advisors LP grew its holdings in MarineMax by 8.3% during the second quarter. Dimensional Fund Advisors LP now owns 1,444,769 shares of the specialty retailer’s stock worth $46,767,000 after acquiring an additional 110,601 shares during the period. Victory Capital Management Inc. boosted its position in shares of MarineMax by 134.3% during the 3rd quarter. Victory Capital Management Inc. now owns 129,416 shares of the specialty retailer’s stock worth $4,565,000 after purchasing an additional 74,173 shares in the last quarter. Millennium Management LLC grew its stake in shares of MarineMax by 22.7% during the 2nd quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock worth $13,012,000 after purchasing an additional 74,451 shares during the period. Intech Investment Management LLC acquired a new position in shares of MarineMax during the 3rd quarter worth $912,000. Finally, Royce & Associates LP increased its holdings in shares of MarineMax by 45.2% in the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock valued at $13,008,000 after purchasing an additional 114,880 shares in the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Stock Down 0.3 %

Shares of NYSE HZO opened at $31.44 on Monday. The firm’s 50-day moving average is $31.15 and its two-hundred day moving average is $31.96. The company has a market capitalization of $710.39 million, a PE ratio of 19.05 and a beta of 1.87. MarineMax, Inc. has a 12-month low of $22.51 and a 12-month 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.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The firm had revenue of $563.10 million for the quarter, compared to analyst estimates of $576.49 million. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. MarineMax’s revenue was down 5.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 EPS. Equities analysts anticipate that MarineMax, Inc. will post 2.33 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HZO has been the topic of several recent analyst reports. Benchmark assumed coverage on shares of MarineMax in a research report on Tuesday, October 15th. They set a “buy” rating and a $40.00 target price on the stock. Citigroup upgraded MarineMax from a “neutral” rating to a “buy” rating and upped their price target for the stock from $40.00 to $44.00 in a report on Monday, September 9th. Finally, StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, MarineMax has a consensus rating of “Moderate Buy” and a consensus target price of $41.83.

MarineMax Profile

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.