Hotchkis & Wiley Capital Management LLC Cuts Holdings in MarineMax, Inc. (NYSE:HZO)

Hotchkis & Wiley Capital Management LLC cut its position in shares of MarineMax, Inc. (NYSE:HZO) by 41.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 183,730 shares of the specialty retailer’s stock after selling 128,680 shares during the quarter. Hotchkis & Wiley Capital Management LLC’s holdings in MarineMax were worth $6,480,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cinctive Capital Management LP bought a new stake in MarineMax in the third quarter worth about $1,530,000. Concentric Capital Strategies LP bought a new stake in MarineMax in the third quarter worth about $4,832,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in MarineMax in the third quarter worth about $67,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in MarineMax by 7.9% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,879 shares of the specialty retailer’s stock worth $2,182,000 after acquiring an additional 4,548 shares during the period. Finally, De Lisle Partners LLP raised its position in MarineMax by 19.5% in the third quarter. De Lisle Partners LLP now owns 134,149 shares of the specialty retailer’s stock worth $4,728,000 after acquiring an additional 21,921 shares during the period. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Citigroup raised shares of MarineMax from a “neutral” rating to a “buy” rating and boosted their price target for the company from $40.00 to $44.00 in a research report on Monday, September 9th. StockNews.com lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd. Finally, Benchmark assumed coverage on shares of MarineMax in a research report on Tuesday, October 15th. They issued a “buy” rating and a $40.00 price target on the stock. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $41.83.

MarineMax Price Performance

HZO stock opened at $31.52 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.34. MarineMax, Inc. has a one year low of $22.51 and a one year high of $39.85. The stock has a market cap of $712.04 million, a PE ratio of 19.10 and a beta of 1.87. The firm has a 50 day simple moving average of $31.23 and a two-hundred day simple moving average of $31.85.

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

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.