Oliver Luxxe Assets LLC Makes New $1.32 Million Investment in MarineMax, Inc. (NYSE:HZO)

Oliver Luxxe Assets LLC purchased a new position in shares of MarineMax, Inc. (NYSE:HZO) during the fourth quarter, HoldingsChannel reports. The institutional investor purchased 45,473 shares of the specialty retailer’s stock, valued at approximately $1,316,000.

Other hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 110,601 shares during the last quarter. Private Management Group Inc. grew its stake in shares of MarineMax by 11.5% during the 3rd quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer’s stock valued at $18,835,000 after buying an additional 55,033 shares during the period. Millennium Management LLC increased its holdings 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 buying an additional 74,451 shares during the last quarter. Royce & Associates LP raised its position 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 worth $13,008,000 after buying an additional 114,880 shares during the period. Finally, Portolan Capital Management LLC acquired a new position in MarineMax in the third quarter valued at $11,271,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on HZO. DA Davidson decreased their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday. StockNews.com lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Finally, Benchmark assumed coverage on shares of MarineMax in a report on Tuesday, October 15th. They set a “buy” rating and a $40.00 target price on the stock. One research analyst has rated the stock with a sell rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $41.50.

MarineMax Stock Up 17.3 %

Shares of MarineMax stock opened at $32.77 on Friday. The business has a 50-day moving average price of $29.56 and a 200 day moving average price of $31.22. MarineMax, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $38.20. The firm has a market cap of $743.60 million, a P/E ratio of 19.86 and a beta of 1.89. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. On average, sell-side analysts forecast that MarineMax, Inc. will post 2.25 earnings per share for the current fiscal year.

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.