Walthausen & Co. LLC trimmed its position in MarineMax Inc (NYSE:HZO) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,940 shares of the specialty retailer’s stock after selling 6,200 shares during the quarter. Walthausen & Co. LLC owned about 0.23% of MarineMax worth $1,152,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Millennium Management LLC increased its holdings in shares of MarineMax by 54.9% in the 4th quarter. Millennium Management LLC now owns 186,912 shares of the specialty retailer’s stock valued at $3,422,000 after purchasing an additional 66,236 shares in the last quarter. Wakefield Asset Management LLLP acquired a new stake in shares of MarineMax in the fourth quarter worth approximately $362,000. Globeflex Capital L P lifted its position in MarineMax by 77.4% during the fourth quarter. Globeflex Capital L P now owns 21,612 shares of the specialty retailer’s stock valued at $396,000 after buying an additional 9,431 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in MarineMax during the fourth quarter valued at approximately $848,000. Finally, Gotham Asset Management LLC lifted its position in MarineMax by 20.3% during the fourth quarter. Gotham Asset Management LLC now owns 19,316 shares of the specialty retailer’s stock valued at $354,000 after buying an additional 3,258 shares in the last quarter. Hedge funds and other institutional investors own 91.51% of the company’s stock.
A number of research firms have recently issued reports on HZO. Craig Hallum upgraded shares of MarineMax from a “hold” rating to a “buy” rating and set a $18.39 price objective on the stock in a research note on Friday, February 1st. ValuEngine upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Thursday, April 4th. TheStreet lowered shares of MarineMax from a “b” rating to a “c+” rating in a research note on Wednesday, December 26th. Zacks Investment Research upgraded shares of MarineMax from a “hold” rating to a “strong-buy” rating and set a $21.00 price target for the company in a research note on Saturday, January 26th. Finally, Northcoast Research reiterated a “buy” rating on shares of MarineMax in a research note on Thursday, March 14th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $26.34.
NYSE HZO traded down $0.29 on Friday, reaching $19.51. The company’s stock had a trading volume of 203,936 shares, compared to its average volume of 224,552. The company has a market capitalization of $445.55 million, a price-to-earnings ratio of 11.48 and a beta of 0.90. MarineMax Inc has a twelve month low of $16.40 and a twelve month high of $26.11.
MarineMax (NYSE:HZO) last posted its quarterly earnings data on Wednesday, January 23rd. The specialty retailer reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.14 by $0.07. The firm had revenue of $241.90 million for the quarter, compared to the consensus estimate of $252.03 million. MarineMax had a return on equity of 11.47% and a net margin of 3.38%. The business’s revenue for the quarter was up 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 EPS. On average, sell-side analysts anticipate that MarineMax Inc will post 1.95 EPS for the current year.
WARNING: This article was first posted by Baseball Daily News and is owned by of Baseball Daily News. If you are reading this article on another publication, it was stolen and reposted in violation of US & international copyright and trademark laws. The original version of this article can be accessed at https://www.baseballdailydigest.com/news/2019/04/21/marinemax-inc-hzo-holdings-lowered-by-walthausen-co-llc.html.
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
Featured Article: What economic reports are most valuable to investors?
Receive News & Ratings for MarineMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax and related companies with MarketBeat.com's FREE daily email newsletter.