Cubist Systematic Strategies LLC Invests $623,000 in MarineMax, Inc. (NYSE:HZO)

Cubist Systematic Strategies LLC bought a new position in shares of MarineMax, Inc. (NYSE:HZO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 21,531 shares of the specialty retailer's stock, valued at approximately $623,000. Cubist Systematic Strategies LLC owned about 0.09% of MarineMax at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Smartleaf Asset Management LLC grew its holdings in shares of MarineMax by 211.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 1,058 shares during the period. US Bancorp DE increased its position in shares of MarineMax by 49.6% during the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock worth $51,000 after purchasing an additional 585 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in MarineMax in the 4th quarter valued at about $82,000. KLP Kapitalforvaltning AS purchased a new stake in shares of MarineMax in the fourth quarter valued at approximately $113,000. Finally, Quantbot Technologies LP purchased a new stake in MarineMax during the 4th quarter worth about $129,000. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Price Performance

MarineMax stock traded down $1.16 during midday trading on Wednesday, hitting $22.00. 40,355 shares of the company's stock were exchanged, compared to its average volume of 305,120. The company has a market cap of $472.41 million, a P/E ratio of 9.25 and a beta of 1.69. The stock has a 50-day moving average price of $21.43 and a two-hundred day moving average price of $26.36. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. MarineMax, Inc. has a 52-week low of $16.85 and a 52-week high of $38.20.

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

Wall Street Analyst Weigh In

HZO has been the topic of a number of recent analyst reports. StockNews.com raised MarineMax from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. Benchmark reaffirmed a "buy" rating and issued a $40.00 price target on shares of MarineMax in a research report on Friday, January 24th. B. Riley upgraded shares of MarineMax to a "strong-buy" rating in a research report on Wednesday, February 12th. Truist Financial decreased their price objective on 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 reduced their price target on shares of MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, MarineMax presently has an average rating of "Buy" and an average target price of $38.50.

About MarineMax

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.