XTX Topco Ltd Purchases New Position in MarineMax, Inc. (NYSE:HZO)

XTX Topco Ltd acquired a new position in shares of MarineMax, Inc. (NYSE:HZO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 6,697 shares of the specialty retailer’s stock, valued at approximately $236,000.

A number of other institutional investors and hedge funds have also bought and sold shares of HZO. Canada Pension Plan Investment Board bought a new position in shares of MarineMax during the 2nd quarter worth $52,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of MarineMax during the third quarter valued at approximately $67,000. Point72 Asset Management L.P. purchased a new position in shares of MarineMax in the 3rd quarter valued at $143,000. Bfsg LLC boosted its position in MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after purchasing an additional 681 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new position in MarineMax in the third quarter valued at about $183,000. 92.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on HZO. StockNews.com cut shares of MarineMax from a “hold” rating to a “sell” rating in a report on Wednesday. Benchmark began coverage on shares of MarineMax in a research note on Tuesday, October 15th. They issued a “buy” rating and a $40.00 target price for the company. Finally, Citigroup raised MarineMax from a “neutral” rating to a “buy” rating and upped their price target for the stock from $40.00 to $44.00 in a research report on Monday, September 9th. One research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.83.

MarineMax Trading Down 6.1 %

Shares of MarineMax stock opened at $29.17 on Thursday. The stock has a market cap of $659.10 million, a PE ratio of 17.68 and a beta of 1.87. The firm has a fifty day moving average price of $31.04 and a 200 day moving average price of $32.14. MarineMax, Inc. has a 1 year low of $22.51 and a 1 year high of $39.85. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.34.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, October 31st. The specialty retailer reported $0.24 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.06. The business had revenue of $563.10 million during the quarter, compared to analyst estimates of $576.49 million. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. The company’s revenue was down 5.3% on a year-over-year basis. During the same quarter last year, the business posted $0.69 EPS. Equities research analysts predict that MarineMax, Inc. will post 2.33 earnings per share for the current year.

About MarineMax

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.