XTX Topco Ltd Makes New $613,000 Investment in MarineMax, Inc. (NYSE:HZO)

Key Points

• XTX Topco Ltd has invested approximately $613,000 in shares of MarineMax, Inc., acquiring 28,528 shares which represents about 0.13% of the company.
• MarineMax reported a quarterly revenue of $657.16 million, significantly below the anticipated $737.82 million, resulting in a loss of $0.67 per share against an expected $1.16.
• Analysts have set a consensus target price of $33.25 for MarineMax, with several firms rating it as a "Moderate Buy," despite one analyst downgrading it to a "sell" rating.

XTX Topco Ltd bought a new position in shares of MarineMax, Inc. (NYSE:HZO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 28,528 shares of the specialty retailer's stock, valued at approximately $613,000. XTX Topco Ltd owned 0.13% of MarineMax at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. raised its stake in MarineMax by 17.3% during the 4th quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer's stock worth $10,060,000 after acquiring an additional 51,352 shares during the period. Raymond James Financial Inc. bought a new stake in MarineMax during the 4th quarter worth approximately $572,000. Principal Financial Group Inc. raised its stake in MarineMax by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 99,611 shares of the specialty retailer's stock worth $2,142,000 after acquiring an additional 3,107 shares during the period. SG Americas Securities LLC bought a new stake in MarineMax during the 1st quarter worth approximately $726,000. Finally, Vanguard Group Inc. raised its stake in MarineMax by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer's stock worth $43,280,000 after acquiring an additional 20,909 shares during the period. Institutional investors own 92.85% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wall Street Zen downgraded shares of MarineMax from a "hold" rating to a "sell" rating in a report on Saturday, July 26th. Citigroup reiterated a "buy" rating and issued a $32.00 price target (up previously from $29.00) on shares of MarineMax in a research note on Monday, June 16th. B. Riley restated a "buy" rating on shares of MarineMax in a research report on Friday, July 25th. Finally, Truist Financial reduced their target price on MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a report on Monday, April 14th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. According to MarketBeat, MarineMax currently has an average rating of "Moderate Buy" and a consensus target price of $33.25.

MarineMax Stock Down 2.4%

Shares of NYSE:HZO traded down $0.54 during trading hours on Friday, hitting $22.52. The company's stock had a trading volume of 297,810 shares, compared to its average volume of 420,262. MarineMax, Inc. has a 52 week low of $16.85 and a 52 week high of $37.86. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.21 and a quick ratio of 0.29. The company has a market capitalization of $483.21 million, a price-to-earnings ratio of -16.80 and a beta of 1.54. The firm's fifty day moving average price is $24.70 and its 200 day moving average price is $24.15.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The specialty retailer reported $0.49 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.67). The firm had revenue of $657.16 million for the quarter, compared to the consensus estimate of $737.82 million. MarineMax had a positive return on equity of 2.63% and a negative net margin of 1.15%. The company's revenue was down 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.51 EPS. As a group, research analysts expect 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.