MarineMax (NYSE:HZO) Upgraded at StockNews.com

MarineMax (NYSE:HZO) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

A number of other research analysts also recently commented on HZO. DA Davidson lowered their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday. Benchmark reiterated a “buy” rating and set a $40.00 price objective on shares of MarineMax in a research report on Friday. One analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $41.50.

MarineMax Price Performance

NYSE HZO traded down $1.56 on Friday, reaching $30.81. The company had a trading volume of 469,084 shares, compared to its average volume of 295,586. The stock has a market capitalization of $699.08 million, a PE ratio of 18.67 and a beta of 1.89. MarineMax has a 12 month low of $22.51 and a 12 month high of $38.20. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The firm’s 50 day moving average price is $29.64 and its 200 day moving average price is $31.23.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. As a group, equities analysts predict that MarineMax will post 2.25 earnings per share for the current year.

Institutional Investors Weigh In On MarineMax

Several hedge funds and other institutional investors have recently modified their holdings of HZO. Dimensional Fund Advisors LP grew its stake in MarineMax by 8.3% in the 2nd 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 in the last quarter. Private Management Group Inc. boosted its holdings in shares of MarineMax by 11.5% in the third quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer’s stock valued at $18,835,000 after purchasing an additional 55,033 shares during the period. Millennium Management LLC grew its stake in MarineMax by 22.7% in the second 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 in the last quarter. Royce & Associates LP increased its holdings in MarineMax by 45.2% during the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock worth $13,008,000 after purchasing an additional 114,880 shares during the period. Finally, Portolan Capital Management LLC purchased a new position in MarineMax during the 3rd quarter worth $11,271,000. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

MarineMax Company 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.