Pacer Advisors Inc. Invests $4.05 Million in MarineMax, Inc. $HZO

Pacer Advisors Inc. purchased a new position in shares of MarineMax, Inc. (NYSE:HZO) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 149,679 shares of the specialty retailer’s stock, valued at approximately $4,050,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Annis Gardner Whiting Capital Advisors LLC grew its position in MarineMax by 857,142.9% in 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 during the last quarter. Simcoe Capital LLC bought a new stake in shares of MarineMax during the fourth quarter worth $3,317,000. Prescott Group Capital Management L.L.C. lifted its position in shares of MarineMax by 64.1% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 132,601 shares of the specialty retailer’s stock worth $3,213,000 after purchasing an additional 51,808 shares during the last quarter. CenterBook Partners LP boosted its stake in shares of MarineMax by 74.7% during the fourth quarter. CenterBook Partners LP now owns 532,452 shares of the specialty retailer’s stock valued at $12,901,000 after purchasing an additional 227,734 shares during the period. Finally, RBF Capital LLC grew its holdings in shares of MarineMax by 32.8% in the first quarter. RBF Capital LLC now owns 106,830 shares of the specialty retailer’s stock worth $2,891,000 after purchasing an additional 26,410 shares during the last quarter. 92.85% of the stock is owned by institutional investors.

MarineMax Price Performance

Shares of HZO stock opened at $35.04 on Friday. MarineMax, Inc. has a twelve month low of $21.42 and a twelve month high of $38.14. The company has a current ratio of 1.23, a quick ratio of 0.34 and a debt-to-equity ratio of 0.35. The stock has a fifty day simple moving average of $34.80 and a two-hundred day simple moving average of $31.16. The stock has a market capitalization of $774.03 million, a price-to-earnings ratio of 250.29 and a beta of 1.58.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, July 23rd. The specialty retailer reported $0.81 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.01). The firm had revenue of $611.26 million for the quarter, compared to analysts’ expectations of $682.29 million. MarineMax had a net margin of 0.18% and a return on equity of 1.51%. The business’s quarterly revenue was down 7.0% on a year-over-year basis. During the same quarter in the prior year, the business posted ($2.42) EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, analysts predict that MarineMax, Inc. will post 0.69 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial raised their price target on shares of MarineMax from $34.00 to $39.00 and gave the stock a “buy” rating in a research note on Monday, July 6th. Weiss Ratings raised shares of MarineMax from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Friday, July 24th. Northcoast Research set a $39.00 target price on shares of MarineMax in a research note on Friday, July 24th. Citigroup restated a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Finally, B. Riley Financial lowered shares of 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. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $35.40.

About MarineMax

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.