XTX Topco Ltd Takes Position 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 purchased a new position in MarineMax, Inc. (NYSE:HZO - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 28,528 shares of the specialty retailer's stock, valued at approximately $613,000. XTX Topco Ltd owned approximately 0.13% of MarineMax at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in MarineMax by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer's stock worth $43,280,000 after purchasing an additional 20,909 shares during the period. Private Management Group Inc. lifted its holdings in shares of MarineMax by 5.9% in the first quarter. Private Management Group Inc. now owns 559,096 shares of the specialty retailer's stock valued at $12,021,000 after purchasing an additional 31,226 shares in the last quarter. Invesco Ltd. boosted its position in shares of MarineMax by 17.3% in the fourth quarter. Invesco Ltd. now owns 347,481 shares of the specialty retailer's stock worth $10,060,000 after buying an additional 51,352 shares during the period. Divisadero Street Capital Management LP purchased a new position in shares of MarineMax during the fourth quarter valued at $8,503,000. Finally, Concentric Capital Strategies LP grew its holdings in shares of MarineMax by 79.4% during the fourth quarter. Concentric Capital Strategies LP now owns 245,767 shares of the specialty retailer's stock valued at $7,115,000 after buying an additional 108,763 shares in the last quarter. 92.85% of the stock is owned by institutional investors and hedge funds.

MarineMax Stock Down 1.5%

HZO traded down $0.35 during midday trading on Thursday, hitting $23.10. 400,334 shares of the company's stock traded hands, compared to its average volume of 410,749. 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 cap of $495.79 million, a PE ratio of 20.75 and a beta of 1.54. The stock's fifty day simple moving average is $24.68 and its 200-day simple moving average is $24.19. MarineMax, Inc. has a one year low of $16.85 and a one year high of $37.86.

MarineMax (NYSE:HZO - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The specialty retailer reported $0.49 earnings per share for the quarter, missing analysts' consensus estimates of $1.16 by ($0.67). The business had revenue of $657.16 million for the quarter, compared to the consensus estimate of $737.82 million. MarineMax had a negative net margin of 1.15% and a positive return on equity of 2.63%. The firm's revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.51 EPS. As a group, equities analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HZO. B. Riley reissued a "buy" rating on shares of MarineMax in a research note on Friday, July 25th. Wall Street Zen cut 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 objective (up previously from $29.00) on shares of MarineMax in a research note on Monday, June 16th. Finally, 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. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, MarineMax presently has an average rating of "Moderate Buy" and an average target price of $33.25.

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.