Quadrature Capital Ltd Has $895,000 Stock Position in MarineMax, Inc. (NYSE:HZO)

Quadrature Capital Ltd lessened its holdings in shares of MarineMax, Inc. (NYSE:HZO) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,006 shares of the specialty retailer’s stock after selling 882 shares during the quarter. Quadrature Capital Ltd owned approximately 0.10% of MarineMax worth $895,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HZO. Bfsg LLC bought a new position in shares of MarineMax in the fourth quarter valued at about $133,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in MarineMax by 25.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,472 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 696 shares during the period. Arizona State Retirement System acquired a new stake in MarineMax during the fourth quarter worth approximately $214,000. Capstone Investment Advisors LLC bought a new stake in shares of MarineMax during the fourth quarter worth approximately $220,000. Finally, Versor Investments LP acquired a new position in shares of MarineMax in the fourth quarter valued at approximately $284,000. Institutional investors own 92.85% of the company’s stock.

MarineMax Stock Performance

Shares of HZO stock opened at $33.74 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.24 and a quick ratio of 0.34. MarineMax, Inc. has a one year low of $22.51 and a one year high of $42.88. The business’s 50 day simple moving average is $28.82 and its 200 day simple moving average is $31.36. The stock has a market capitalization of $752.40 million, a PE ratio of 12.22 and a beta of 1.80.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, April 25th. The specialty retailer reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.55). The business had revenue of $582.90 million during the quarter, compared to analyst estimates of $590.19 million. MarineMax had a net margin of 2.56% and a return on equity of 7.66%. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.23 earnings per share. As a group, research analysts forecast that MarineMax, Inc. will post 2.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. DA Davidson reiterated a “buy” rating and set a $34.00 price objective on shares of MarineMax in a research report on Friday, March 15th. Truist Financial lowered their price target on shares of MarineMax from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Finally, Stifel Nicolaus cut their price objective on shares of MarineMax from $37.00 to $35.00 and set a “buy” rating for the company in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, MarineMax presently has an average rating of “Moderate Buy” and a consensus price target of $36.75.

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.