Should You Still Consider Investing in MarineMax (HZO)?

Carillon Tower Advisers, an investment management firm, published its “Carillon Eagle Small Cap Growth Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. Small-cap stocks overall posted rather lackluster returns in the first quarter of 2022. There was, however, a notable level of disparity between the two style indexes, as the Russell 2000® Growth Index (down 12.63%) significantly lagged its Russell 2000® Value Index (down 2.40%) counterpart for the sixth consecutive quarter.  Try to spend some time taking a look at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Carillon Eagle Small Cap Growth Fund mentioned MarineMax, Inc. (NYSE:HZO) and explained its insights for the company. Founded in 2020, MarineMax, Inc. (NYSE:HZO) is a Greenwich, Connecticut-based capital market company with an $800.3 million market capitalization. MarineMax, Inc. (NYSE:HZO) delivered a -37.04% return since the beginning of the year, while its 12-month returns are down by -23.74%. The stock closed at $37.17 per share on June 29, 2022.

Here is what Carillon Eagle Small Cap Growth Fund has to say about MarineMax, Inc. (NYSE:HZO) in its Q1 2022 investor letter:

“MarineMax (NYSE:HZO) is the world’s largest recreational boat and yacht retailer. The company’s shares were pressured in the quarter as investor concerns regarding a potential slowdown in the economy have weighed on stocks in the boating industry as a whole. MarineMax was a beneficiary of the pandemic, which resulted in an influx of new boaters who are embracing the boating lifestyle, and there remains some investor debate surrounding the degree to which these higher levels of demand are sustainable.”

Our calculations show that MarineMax, Inc. (NYSE:HZO) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. MarineMax, Inc. (NYSE:HZO) was in 26 hedge fund portfolios at the end of the first quarter of 2022, compared to 25 funds in the previous quarter. MarineMax, Inc. (NYSE:HZO) delivered a -12.04% return in the past 3 months.

In May 2021, we also shared another hedge fund’s views on MarineMax, Inc. (NYSE:HZO) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.