CenterBook Partners LP Raises Stock Holdings in MarineMax, Inc. $HZO

CenterBook Partners LP grew its stake in MarineMax, Inc. (NYSE:HZO) by 74.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 532,452 shares of the specialty retailer’s stock after buying an additional 227,734 shares during the quarter. CenterBook Partners LP owned approximately 2.42% of MarineMax worth $12,901,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nisa Investment Advisors LLC grew its position in shares of MarineMax by 54.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 1,056 shares of the specialty retailer’s stock worth $26,000 after purchasing an additional 374 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of MarineMax by 93.5% during the third quarter. Russell Investments Group Ltd. now owns 1,672 shares of the specialty retailer’s stock worth $42,000 after purchasing an additional 808 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of MarineMax by 129.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,313 shares of the specialty retailer’s stock worth $135,000 after purchasing an additional 2,996 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in shares of MarineMax during the first quarter worth about $168,000. Finally, Rafferty Asset Management LLC purchased a new stake in shares of MarineMax during the second quarter worth about $235,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HZO. Weiss Ratings upgraded MarineMax from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, May 12th. Citigroup reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. B. Riley Financial reiterated a “buy” rating on shares of MarineMax in a research report on Friday, April 24th. Finally, Truist Financial set a $34.00 target price on MarineMax in a research report on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, MarineMax currently has a consensus rating of “Moderate Buy” and an average price target of $31.80.

MarineMax Price Performance

Shares of MarineMax stock opened at $33.01 on Monday. The stock has a 50 day moving average of $30.87 and a 200 day moving average of $28.08. MarineMax, Inc. has a 12 month low of $21.41 and a 12 month high of $36.25. The firm has a market cap of $727.14 million, a PE ratio of -11.23 and a beta of 1.59. The company has a current ratio of 1.18, a quick ratio of 0.32 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, April 23rd. The specialty retailer reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. MarineMax had a positive return on equity of 0.68% and a negative net margin of 2.83%.The company had revenue of $527.41 million during the quarter, compared to analyst estimates of $617.21 million. During the same period in the prior year, the company earned $0.23 earnings per share. The firm’s revenue was down 16.5% on a year-over-year basis. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. On average, research analysts expect that MarineMax, Inc. will post 0.74 EPS for the current fiscal year.

MarineMax declared that its Board of Directors has approved a share repurchase plan on Wednesday, March 4th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the specialty retailer to repurchase up to 15.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

About MarineMax

MarineMax, Inc is a publicly traded company on the New York Stock Exchange under the ticker HZO and is one of the largest recreational boat and yacht retailers in the United States. The company markets new and used motor yachts, sailing yachts, sport boats and personal watercraft, acting as an authorized dealer for leading manufacturers. In addition to boat sales, MarineMax provides service and maintenance, parts and accessory sales, training and education, and marina operations.

Operating through a network of sales centers, service facilities and marinas, MarineMax serves coastal and inland markets across the continental U.S.