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

CenterBook Partners LP grew its position in MarineMax, Inc. (NYSE:HZO) by 183.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 304,718 shares of the specialty retailer’s stock after purchasing an additional 197,336 shares during the quarter. CenterBook Partners LP’s holdings in MarineMax were worth $7,719,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its holdings in MarineMax by 52.7% in the second quarter. PNC Financial Services Group Inc. now owns 1,351 shares of the specialty retailer’s stock worth $34,000 after acquiring an additional 466 shares in the last quarter. MTM Investment Management LLC acquired a new position in shares of MarineMax in the 2nd quarter valued at $42,000. Police & Firemen s Retirement System of New Jersey lifted its position in 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 acquiring an additional 567 shares during the period. Jones Financial Companies Lllp purchased a new stake in MarineMax during the 1st quarter valued at about $168,000. Finally, Rafferty Asset Management LLC purchased a new position in shares of MarineMax in the second quarter worth about $235,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Trading Up 1.0%

Shares of NYSE:HZO opened at $29.31 on Wednesday. The business’s 50 day moving average price is $26.96 and its 200-day moving average price is $25.76. MarineMax, Inc. has a 1 year low of $16.85 and a 1 year high of $31.60. The firm has a market capitalization of $645.61 million, a price-to-earnings ratio of -10.94 and a beta of 1.69. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.19 and a quick ratio of 0.29.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, January 29th. The specialty retailer reported ($0.21) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.09). The company had revenue of $505.18 million for the quarter, compared to analyst estimates of $481.67 million. MarineMax had a positive return on equity of 1.13% and a negative net margin of 2.46%.The business’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. On average, equities research analysts forecast that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on HZO shares. Zacks Research upgraded shares of MarineMax from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. Loop Capital began coverage on MarineMax in a research report on Monday, December 22nd. They set a “buy” rating and a $29.00 price target on the stock. Benchmark reaffirmed a “buy” rating on shares of MarineMax in a report on Friday, January 30th. B. Riley Financial reissued a “buy” rating and issued a $29.00 price target (up from $27.00) on shares of MarineMax in a report on Friday, January 30th. Finally, National Bank Financial set a $35.00 price objective on shares of MarineMax in a research note on Friday, January 30th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.80.

MarineMax Profile

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.