Caxton Associates LP Takes $287,000 Position in MarineMax, Inc. (NYSE:HZO)

Caxton Associates LP bought a new stake in shares of MarineMax, Inc. (NYSE:HZO) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 9,906 shares of the specialty retailer’s stock, valued at approximately $287,000.

Other institutional investors have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC acquired a new stake in shares of MarineMax in the fourth quarter valued at about $3,126,000. CenterBook Partners LP boosted its holdings in MarineMax by 109.6% in the 4th quarter. CenterBook Partners LP now owns 173,880 shares of the specialty retailer’s stock worth $5,034,000 after buying an additional 90,915 shares during the last quarter. BNP Paribas Financial Markets increased its stake in MarineMax by 105.7% during the 4th quarter. BNP Paribas Financial Markets now owns 133,380 shares of the specialty retailer’s stock worth $3,861,000 after buying an additional 68,544 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of MarineMax by 2.8% during the fourth quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer’s stock valued at $58,840,000 after acquiring an additional 55,592 shares during the last quarter. Finally, Sei Investments Co. lifted its position in shares of MarineMax by 19.5% in the fourth quarter. Sei Investments Co. now owns 339,291 shares of the specialty retailer’s stock valued at $9,822,000 after acquiring an additional 55,259 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Trading Down 0.9 %

HZO opened at $21.01 on Thursday. The business’s 50 day moving average price is $21.53 and its 200 day moving average price is $26.79. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. The stock has a market capitalization of $451.19 million, a PE ratio of 8.83 and a beta of 1.69. MarineMax, Inc. has a one year low of $16.85 and a one year high of $38.20.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The business had revenue of $631.52 million during the quarter, compared to analysts’ expectations of $580.12 million. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. The company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.18 EPS. As a group, equities research analysts expect that MarineMax, Inc. will post 2.41 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently commented on the company. DA Davidson reduced their price objective on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Benchmark restated a “buy” rating and set a $40.00 price target on shares of MarineMax in a research report on Friday, January 24th. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Truist Financial lowered their target price on MarineMax from $38.00 to $26.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Finally, B. Riley raised MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $38.50.

MarineMax Company Profile

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.