CenterBook Partners LP Trims Holdings in MarineMax, Inc. $HZO

CenterBook Partners LP cut its position in shares of MarineMax, Inc. (NYSE:HZO) by 75.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 107,382 shares of the specialty retailer’s stock after selling 337,357 shares during the quarter. CenterBook Partners LP’s holdings in MarineMax were worth $2,700,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of HZO. PNC Financial Services Group Inc. lifted its stake in shares of MarineMax by 52.7% during the second quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer’s stock valued at $34,000 after buying an additional 466 shares during the period. MTM Investment Management LLC acquired a new position in MarineMax in the 2nd quarter valued at $42,000. State of Wyoming acquired a new position in MarineMax in the 1st quarter valued at $41,000. Police & Firemen s Retirement System of New Jersey lifted its stake in shares of MarineMax by 12.8% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 5,008 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 567 shares during the period. Finally, Jones Financial Companies Lllp acquired a new stake in shares of MarineMax during the first quarter worth $168,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

Insiders Place Their Bets

In related news, CEO W Brett Mcgill sold 60,000 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $27.53, for a total value of $1,651,800.00. Following the completion of the sale, the chief executive officer directly owned 173,038 shares in the company, valued at approximately $4,763,736.14. This represents a 25.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.00% of the company’s stock.

MarineMax Stock Performance

NYSE HZO opened at $23.28 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.21 and a quick ratio of 0.29. MarineMax, Inc. has a 1-year low of $16.85 and a 1-year high of $35.46. The firm has a market capitalization of $509.13 million, a P/E ratio of -17.37 and a beta of 1.60. The business’s 50-day simple moving average is $25.08 and its 200-day simple moving average is $24.77.

MarineMax (NYSE:HZO) last posted its quarterly earnings results on Thursday, November 13th. The specialty retailer reported ($0.04) EPS for the quarter, beating the consensus estimate of ($0.15) by $0.11. MarineMax had a negative net margin of 1.15% and a positive return on equity of 2.63%. The firm had revenue of $552.15 million for the quarter, compared to analyst estimates of $533.05 million. During the same quarter last year, the firm posted $0.24 earnings per share. MarineMax’s revenue for the quarter was down 1.9% compared to the same quarter last year. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Equities analysts predict that MarineMax, Inc. will post 2.41 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on HZO. Wall Street Zen upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of MarineMax in a research note on Wednesday, October 8th. Truist Financial raised their target price on shares of MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, October 15th. Finally, Zacks Research downgraded shares of MarineMax from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $34.00.

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.