Cubist Systematic Strategies LLC Acquires New Holdings in MarineMax, Inc. (NYSE:HZO)

Cubist Systematic Strategies LLC acquired a new stake in MarineMax, Inc. (NYSE:HZO - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 21,531 shares of the specialty retailer's stock, valued at approximately $623,000. Cubist Systematic Strategies LLC owned 0.09% of MarineMax as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of HZO. JPMorgan Chase & Co. grew its position in shares of MarineMax by 8.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer's stock valued at $413,000 after purchasing an additional 905 shares during the period. Oliver Luxxe Assets LLC acquired a new position in shares of MarineMax in the 4th quarter valued at approximately $1,316,000. Ameliora Wealth Management Ltd. acquired a new position in shares of MarineMax in the 4th quarter valued at approximately $510,000. Empowered Funds LLC grew its position in shares of MarineMax by 4.7% in the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer's stock valued at $651,000 after purchasing an additional 1,006 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of MarineMax by 4.1% in the 4th quarter. Principal Financial Group Inc. now owns 96,504 shares of the specialty retailer's stock valued at $2,794,000 after purchasing an additional 3,779 shares during the period. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on HZO shares. StockNews.com upgraded MarineMax from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. Benchmark reaffirmed a "buy" rating and set a $40.00 price target on shares of MarineMax in a research report on Friday, January 24th. DA Davidson reduced their price target on MarineMax from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. B. Riley raised MarineMax to a "strong-buy" rating in a research report on Wednesday, February 12th. Finally, Truist Financial reduced their price target on MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Buy" and an average target price of $38.50.

MarineMax Trading Down 2.8%

NYSE HZO opened at $22.88 on Friday. The company has a market cap of $491.30 million, a PE ratio of 9.61 and a beta of 1.69. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a 12 month low of $16.85 and a 12 month high of $38.20. The stock has a 50 day moving average of $21.43 and a 200-day moving average of $26.52.

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

MarineMax 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.

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