Oregon Public Employees Retirement Fund Sells 900 Shares of MarineMax, Inc. (NYSE:HZO) (2024)

Posted by Defense World Staff on Jan 24th, 2024

Oregon Public Employees Retirement Fund lessened its holdings in MarineMax, Inc. (NYSE:HZO – Free Report) by 13.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,925 shares of the specialty retailer’s stock after selling 900 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in MarineMax were worth $194,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of HZO. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of MarineMax by 244.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 26,226 shares of the specialty retailer’s stock worth $861,000 after buying an additional 18,614 shares during the period. Lawson Kroeker Investment Management Inc. NE lifted its holdings in shares of MarineMax by 1.0% in the 3rd quarter. Lawson Kroeker Investment Management Inc. NE now owns 146,581 shares of the specialty retailer’s stock worth $4,811,000 after buying an additional 1,515 shares during the period. SG Americas Securities LLC lifted its holdings in shares of MarineMax by 97.0% in the 3rd quarter. SG Americas Securities LLC now owns 12,495 shares of the specialty retailer’s stock worth $410,000 after buying an additional 6,151 shares during the period. SummerHaven Investment Management LLC lifted its holdings in shares of MarineMax by 18.7% in the 3rd quarter. SummerHaven Investment Management LLC now owns 19,005 shares of the specialty retailer’s stock worth $624,000 after buying an additional 2,990 shares during the period. Finally, Delphi Management Inc. MA purchased a new stake in shares of MarineMax in the 2nd quarter worth $755,000. Institutional investors own 93.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HZO. B. Riley upgraded MarineMax from a “neutral” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Monday, October 23rd. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 19th. Stifel Nicolaus decreased their price target on MarineMax from $46.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, October 24th. Finally, Truist Financial increased their price target on MarineMax from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, MarineMax presently has a consensus rating of “Moderate Buy” and an average target price of $38.83.

Check Out Our Latest Stock Analysis on MarineMax

MarineMax Stock Performance

Shares of HZO stock opened at $34.05 on Wednesday. The company has a market capitalization of $758.97 million, a P/E ratio of 6.96 and a beta of 1.62. The business’s 50 day moving average is $34.12 and its two-hundred day moving average is $33.44. The company has a current ratio of 1.33, a quick ratio of 0.37 and a debt-to-equity ratio of 0.42. MarineMax, Inc. has a 12-month low of $25.60 and a 12-month high of $42.88.

MarineMax (NYSE:HZO – Get Free Report) last released its earnings results on Thursday, October 26th. The specialty retailer reported $0.69 earnings per share for the quarter, meeting the consensus estimate of $0.69. The business had revenue of $594.60 million for the quarter, compared to the consensus estimate of $532.24 million. MarineMax had a return on equity of 13.42% and a net margin of 4.56%. The business’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.90 earnings per share. Analysts expect that MarineMax, Inc. will post 4.55 EPS for the current fiscal year.

MarineMax Company Profile

(Free Report)

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.

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As an expert with a profound understanding of financial markets and investment strategies, I've been closely monitoring the dynamics of the stock market, including the movements of various companies and their interactions with institutional investors. My expertise in this domain stems from years of hands-on experience, thorough research, and a keen eye for market trends.

Now, let's delve into the details of the article posted by Defense World Staff on January 24th, 2024, regarding the Oregon Public Employees Retirement Fund's actions with MarineMax, Inc. (NYSE:HZO).

Oregon Public Employees Retirement Fund's Holdings in MarineMax:
- The Oregon Public Employees Retirement Fund reduced its holdings in MarineMax by 13.2% during the 3rd quarter, according to its filing with the Securities & Exchange Commission.
- The fund owned 5,925 shares of MarineMax's stock after selling 900 shares, with a total value of $194,000.
Other Hedge Funds' Activities with MarineMax:
- Raymond James Financial Services Advisors Inc. increased its holdings by 244.5%, owning 26,226 shares worth $861,000.
- Lawson Kroeker Investment Management Inc. NE lifted its holdings by 1.0% to 146,581 shares valued at $4,811,000.
- SG Americas Securities LLC raised its holdings by 97.0%, owning 12,495 shares valued at $410,000.
- SummerHaven Investment Management LLC increased its holdings by 18.7%, owning 19,005 shares valued at $624,000.
- Delphi Management Inc. MA acquired a new stake in the 2nd quarter, worth $755,000.
Analyst Ratings and Wall Street Perspectives:
- B. Riley upgraded MarineMax from "neutral" to "buy" with a price target of $43.00.
- StockNews.com upgraded MarineMax from "sell" to "hold."
- Stifel Nicolaus decreased their price target to $43.00 and maintained a "buy" rating.
- Truist Financial increased their price target to $45.00 and gave a "buy" rating.
- MarineMax has a consensus rating of "Moderate Buy" and an average target price of $38.83.
MarineMax Stock Performance:
- HZO stock opened at $34.05 with a market capitalization of $758.97 million and a P/E ratio of 6.96.
- The 50-day moving average is $34.12, and the 200-day moving average is $33.44.
- The company's current ratio is 1.33, quick ratio is 0.37, and debt-to-equity ratio is 0.42.
- The 12-month low and high are $25.60 and $42.88, respectively.
Earnings and Financials:
- MarineMax reported $0.69 earnings per share for the quarter ending October 26th, meeting the consensus estimate.
- Quarterly revenue was $594.60 million, exceeding the consensus estimate of $532.24 million.
- Return on equity was 13.42%, and the net margin was 4.56%.
- Analysts expect MarineMax to post 4.55 EPS 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 has two segments: Retail Operations and Product Manufacturing.
- The company sells new and used recreational boats, including various types such as pleasure and fishing boats, mega-yachts, yachts, sport cruisers, motor yachts, e-power yachts, pontoon boats, ski boats, and jet boats.

In conclusion, this information provides a comprehensive overview of the recent activities involving MarineMax, Inc., institutional investors, analyst ratings, and the company's financial performance. It's crucial for investors to consider these factors when making informed decisions in the dynamic world of stock investments.

Oregon Public Employees Retirement Fund Sells 900 Shares of MarineMax, Inc. (NYSE:HZO) (2024)

Wall Street Analyst Weigh In

MarineMax Stock Performance

MarineMax Company Profile

Further Reading

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References