MarineMax, Inc. (NYSE:HZO) Shares Acquired by Concentric Capital Strategies LP

Concentric Capital Strategies LP grew its holdings in MarineMax, Inc. (NYSE:HZO - Free Report) by 79.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 245,767 shares of the specialty retailer's stock after acquiring an additional 108,763 shares during the period. Concentric Capital Strategies LP owned about 1.08% of MarineMax worth $7,115,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HZO. First Eagle Investment Management LLC purchased a new stake in shares of MarineMax in the 4th quarter valued at $3,126,000. CenterBook Partners LP boosted its holdings in shares of MarineMax by 109.6% in the 4th quarter. CenterBook Partners LP now owns 173,880 shares of the specialty retailer's stock valued at $5,034,000 after acquiring an additional 90,915 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of MarineMax by 105.7% in the 4th quarter. BNP Paribas Financial Markets now owns 133,380 shares of the specialty retailer's stock valued at $3,861,000 after acquiring an additional 68,544 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of MarineMax by 2.8% in the 4th 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. boosted its holdings in shares of MarineMax by 19.5% in the 4th 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 during the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. StockNews.com raised shares of MarineMax from a "sell" rating to a "hold" rating in a report on Friday, January 24th. B. Riley raised shares of MarineMax to a "strong-buy" rating in a report on Wednesday, February 12th. Benchmark reissued a "buy" rating and set a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. Truist Financial lowered their price target on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, DA Davidson lowered their price target on shares of MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $38.50.

MarineMax Stock Up 14.1%

MarineMax stock traded up $3.04 during trading on Monday, reaching $24.62. The stock had a trading volume of 255,582 shares, compared to its average volume of 305,354. MarineMax, Inc. has a 52-week low of $16.85 and a 52-week high of $38.20. The business has a 50 day moving average price of $21.44 and a 200 day moving average price of $26.65. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The stock has a market cap of $528.64 million, a PE ratio of 10.32 and a beta of 1.69.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.07. The business had revenue of $631.52 million during the quarter, compared to the consensus estimate of $580.12 million. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. The company's revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.18 EPS. On average, analysts predict that MarineMax, Inc. will post 2.41 EPS for the current year.

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.