9,779 Shares in MarineMax, Inc. $HZO Bought by ProShare Advisors LLC

ProShare Advisors LLC bought a new position in shares of MarineMax, Inc. (NYSE:HZO) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 9,779 shares of the specialty retailer’s stock, valued at approximately $511,000.

A number of other large investors have also added to or reduced their stakes in HZO. BlackRock Inc. acquired a new stake in MarineMax during the 2nd quarter valued at approximately $116,412,000. Annis Gardner Whiting Capital Advisors LLC raised its position in shares of MarineMax by 857,142.9% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 180,021 shares of the specialty retailer’s stock valued at $4,871,000 after acquiring an additional 180,000 shares in the last quarter. De Lisle Partners LLP bought a new position in MarineMax during the second quarter worth $6,170,000. Bank of America Corp DE boosted its holdings in MarineMax by 19.8% in the first quarter. Bank of America Corp DE now owns 151,964 shares of the specialty retailer’s stock worth $4,112,000 after purchasing an additional 25,063 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in MarineMax during the first quarter valued at $4,050,000. 92.85% of the stock is owned by institutional investors and hedge funds.

MarineMax Price Performance

Shares of NYSE:HZO opened at $52.76 on Tuesday. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of -128.67 and a beta of 1.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.19 and a quick ratio of 0.34. MarineMax, Inc. has a 12 month low of $21.42 and a 12 month high of $52.89. The stock’s 50 day moving average price is $52.41 and its 200 day moving average price is $38.09.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Wednesday, November 4th. The specialty retailer reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.12). MarineMax had a negative net margin of 0.38% and a positive return on equity of 1.41%. The firm had revenue of $520.14 million during the quarter, compared to analyst estimates of $541.32 million. During the same quarter last year, the company earned ($0.04) EPS. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. Equities research analysts anticipate that MarineMax, Inc. will post 1.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Benchmark downgraded shares of MarineMax from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Loop Capital downgraded MarineMax from a “buy” rating to a “hold” rating and set a $53.00 target price for the company. in a research note on Tuesday, August 11th. Weiss Ratings upgraded MarineMax from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th. B. Riley Financial lowered MarineMax from a “buy” rating to a “neutral” rating and set a $35.00 target price on the stock. in a research report on Tuesday, July 21st. Finally, Northcoast Research lowered shares of MarineMax from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 12th. Eight research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $44.67.

MarineMax Company Profile

MarineMax, Inc is a recreational boating and yacht retailer serving boaters in the United States and internationally. The company sells new and pre-owned boats and yachts, along with marine engines, parts and accessories.

Its services include boat maintenance and repair, financing and insurance, yacht brokerage, and other boating-related support. MarineMax also operates marinas and offers services such as yacht management and chartering through its businesses.

Founded in 1998, MarineMax has grown through acquisitions and operates retail locations across the United States.