Swiss National Bank lifted its stake in MarineMax Inc (NYSE:HZO) by 13.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,400 shares of the specialty retailer’s stock after purchasing an additional 5,900 shares during the period. Swiss National Bank owned 0.18% of MarineMax worth $917,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System purchased a new stake in MarineMax in the 2nd quarter worth $190,000. Trexquant Investment LP purchased a new stake in MarineMax in the 2nd quarter worth $202,000. Hsbc Holdings PLC purchased a new stake in MarineMax in the 1st quarter worth $241,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in MarineMax in the 2nd quarter worth $285,000. Finally, Quadrature Capital Ltd purchased a new stake in MarineMax in the 1st quarter worth $287,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

Shares of HZO opened at $23.15 on Wednesday. The company has a market capitalization of $631.46 million, a price-to-earnings ratio of 23.15 and a beta of 1.26. MarineMax Inc has a twelve month low of $15.05 and a twelve month high of $25.05.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, July 26th. The specialty retailer reported $0.79 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.79. MarineMax had a net margin of 2.83% and a return on equity of 10.83%. The business had revenue of $361.25 million during the quarter, compared to the consensus estimate of $370.13 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. equities research analysts anticipate that MarineMax Inc will post 1.51 EPS for the current year.

HZO has been the subject of several research reports. Citigroup dropped their price objective on shares of MarineMax from $28.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, August 15th. B. Riley raised shares of MarineMax from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $23.50 to $27.00 in a research note on Friday, July 27th. ValuEngine raised shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Craig Hallum downgraded shares of MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, June 25th. Finally, Wedbush decreased their price objective on shares of MarineMax from $24.00 to $21.00 and set a “neutral” rating for the company in a research note on Friday, July 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.50.

MarineMax Profile

MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.

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Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

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