Point72 Asset Management L.P. Invests $143,000 in MarineMax, Inc. (NYSE:HZO)

Point72 Asset Management L.P. acquired a new stake in MarineMax, Inc. (NYSE:HZO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,062 shares of the specialty retailer’s stock, valued at approximately $143,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its position in shares of MarineMax by 5.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock worth $267,000 after buying an additional 408 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in MarineMax by 2.9% in the second quarter. SummerHaven Investment Management LLC now owns 20,150 shares of the specialty retailer’s stock worth $652,000 after acquiring an additional 567 shares during the last quarter. Bfsg LLC boosted its stake in MarineMax by 19.1% in the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after acquiring an additional 681 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of MarineMax by 17.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer’s stock valued at $205,000 after purchasing an additional 924 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of MarineMax by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 21,473 shares of the specialty retailer’s stock worth $757,000 after purchasing an additional 1,072 shares during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Price Performance

Shares of NYSE HZO opened at $30.69 on Friday. The stock has a market cap of $693.29 million, a P/E ratio of 18.60 and a beta of 1.87. The firm’s 50-day simple moving average is $31.02 and its 200 day simple moving average is $32.01. MarineMax, Inc. has a fifty-two week low of $22.51 and a fifty-two week high of $39.85. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, October 31st. The specialty retailer reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.06. The company had revenue of $563.10 million for the quarter, compared to the consensus estimate of $576.49 million. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. MarineMax’s revenue was down 5.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. Equities analysts expect that MarineMax, Inc. will post 2.33 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Benchmark began coverage on MarineMax in a research note on Tuesday, October 15th. They set a “buy” rating and a $40.00 price objective for the company. StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a report on Monday, December 9th. Finally, Citigroup upgraded shares of MarineMax from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $40.00 to $44.00 in a research report on Monday, September 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, MarineMax has an average rating of “Moderate Buy” and an average target price of $41.83.

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.