CenterBook Partners LP Purchases 227,734 Shares of MarineMax, Inc. $HZO

CenterBook Partners LP boosted its position in shares of MarineMax, Inc. (NYSE:HZO) by 74.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 532,452 shares of the specialty retailer’s stock after acquiring an additional 227,734 shares during the period. CenterBook Partners LP’s holdings in MarineMax were worth $12,901,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HZO. Royal Bank of Canada lifted its stake in shares of MarineMax by 6.9% in the 1st quarter. Royal Bank of Canada now owns 140,829 shares of the specialty retailer’s stock valued at $3,027,000 after purchasing an additional 9,050 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of MarineMax by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,921 shares of the specialty retailer’s stock valued at $278,000 after purchasing an additional 546 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of MarineMax in the 1st quarter valued at approximately $168,000. Goldman Sachs Group Inc. lifted its stake in shares of MarineMax by 69.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock valued at $7,496,000 after purchasing an additional 142,775 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in shares of MarineMax by 115.6% in the 2nd quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock valued at $18,002,000 after purchasing an additional 383,926 shares during the last quarter. 92.85% of the stock is owned by institutional investors.

MarineMax Price Performance

Shares of HZO stock opened at $33.01 on Monday. MarineMax, Inc. has a 52-week low of $21.41 and a 52-week high of $36.25. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.32 and a current ratio of 1.18. The firm has a market capitalization of $727.14 million, a P/E ratio of -11.23 and a beta of 1.59. The stock has a 50 day moving average price of $30.87 and a 200 day moving average price of $28.08.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. The business had revenue of $527.41 million during the quarter, compared to analyst estimates of $617.21 million. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.MarineMax’s revenue was down 16.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. As a group, sell-side analysts predict that MarineMax, Inc. will post 0.74 earnings per share for the current year.

MarineMax announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 4th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the specialty retailer to purchase up to 15.3% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HZO. Weiss Ratings raised MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research note on Tuesday, May 12th. Citigroup reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Truist Financial set a $34.00 price objective on MarineMax in a research note on Tuesday, April 21st. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of MarineMax in a research note on Friday, April 24th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $31.80.

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.