Amalgamated Bank Has $207,000 Stake in MarineMax, Inc. (NYSE:HZO)

Amalgamated Bank trimmed its stake in shares of MarineMax, Inc. (NYSE:HZO) by 5.6% during the third quarter, Holdings Channel.com reports. The firm owned 5,870 shares of the specialty retailer’s stock after selling 349 shares during the period. Amalgamated Bank’s holdings in MarineMax were worth $207,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HZO. Canada Pension Plan Investment Board acquired a new position in shares of MarineMax during the second quarter worth approximately $52,000. Bfsg LLC lifted its position in shares of MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 681 shares in the last quarter. James Investment Research Inc. acquired a new position in shares of MarineMax during the third quarter worth approximately $203,000. Price T Rowe Associates Inc. MD lifted its position in shares of MarineMax by 17.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock worth $205,000 after purchasing an additional 924 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in MarineMax by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock valued at $267,000 after buying an additional 408 shares during the period. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Stock Down 2.7 %

Shares of NYSE:HZO opened at $29.39 on Monday. MarineMax, Inc. has a 52 week low of $22.51 and a 52 week high of $39.85. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. The company has a market capitalization of $655.93 million, a PE ratio of 17.81 and a beta of 1.85. The company has a 50 day moving average price of $31.90 and a two-hundred day moving average price of $31.40.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, beating the consensus estimate of $0.18 by $0.06. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. The firm had revenue of $563.10 million during the quarter, compared to the consensus estimate of $576.49 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was down 5.3% on a year-over-year basis. Analysts forecast that MarineMax, Inc. will post 2.33 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, September 3rd. Truist Financial increased their price objective on shares of MarineMax from $35.00 to $44.00 and gave the company a “buy” rating in a report on Friday, July 26th. Citigroup upgraded shares of MarineMax from a “neutral” rating to a “buy” rating and increased their price objective for the company from $40.00 to $44.00 in a report on Monday, September 9th. DA Davidson increased their price objective on shares of MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, July 24th. Finally, Benchmark assumed coverage on shares of MarineMax in a report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price objective on the stock. One research analyst has rated the stock with a sell rating and six have given a buy rating to the company. According to MarketBeat.com, MarineMax currently has an average rating of “Moderate Buy” and an average price target of $41.83.

About MarineMax

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.