Squarepoint Ops LLC Increases Position in MarineMax, Inc. (NYSE:HZO)

Squarepoint Ops LLC boosted its holdings in MarineMax, Inc. (NYSE:HZO - Free Report) by 43.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,193 shares of the specialty retailer's stock after buying an additional 35,697 shares during the quarter. Squarepoint Ops LLC owned approximately 0.52% of MarineMax worth $3,393,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in MarineMax by 4.5% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,375 shares of the specialty retailer's stock valued at $358,000 after buying an additional 532 shares during the period. US Bancorp DE lifted its stake in shares of MarineMax by 49.6% in the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock valued at $51,000 after purchasing an additional 585 shares during the period. Illinois Municipal Retirement Fund lifted its stake in shares of MarineMax by 6.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer's stock valued at $341,000 after purchasing an additional 732 shares during the period. JPMorgan Chase & Co. lifted its stake 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. Finally, Empowered Funds LLC lifted its stake in MarineMax by 4.7% in the fourth quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer's stock valued at $651,000 after buying an additional 1,006 shares during the period. 92.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HZO has been the topic of a number of research reports. B. Riley raised MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. Truist Financial lowered their target price on MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, MarineMax has a consensus rating of "Buy" and a consensus target price of $38.50.

MarineMax Trading Up 0.1%

Shares of MarineMax stock traded up $0.03 during trading on Thursday, reaching $21.54. 127,499 shares of the stock were exchanged, compared to its average volume of 305,582. 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's fifty day moving average is $21.21 and its 200 day moving average is $25.99. The firm has a market cap of $462.51 million, a price-to-earnings ratio of 9.05 and a beta of 1.69. MarineMax, Inc. has a 1 year low of $16.85 and a 1 year high of $38.20.

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