CenterBook Partners LP Acquires 90,915 Shares of MarineMax, Inc. (NYSE:HZO)

CenterBook Partners LP boosted its position in MarineMax, Inc. (NYSE:HZO - Free Report) by 109.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 173,880 shares of the specialty retailer's stock after acquiring an additional 90,915 shares during the period. CenterBook Partners LP owned 0.77% of MarineMax worth $5,034,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Smartleaf Asset Management LLC grew its stake in MarineMax by 211.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock valued at $43,000 after purchasing an additional 1,058 shares in the last quarter. US Bancorp DE raised its stake in MarineMax by 49.6% in the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock valued at $51,000 after buying an additional 585 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of MarineMax during the 4th quarter worth approximately $113,000. Point72 Asset Management L.P. acquired a new position in shares of MarineMax during the 3rd quarter worth approximately $143,000. Finally, Quantbot Technologies LP bought a new stake in MarineMax in the 4th quarter valued at $129,000. Institutional investors and hedge funds own 92.85% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. StockNews.com raised MarineMax from a "sell" rating to a "hold" rating in a report on Friday, January 24th. Benchmark restated a "buy" rating and set a $40.00 target price on shares of MarineMax in a research report on Friday, January 24th. DA Davidson dropped their price target on shares of MarineMax from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. B. Riley upgraded MarineMax to a "strong-buy" rating in a research report on Wednesday, February 12th. Finally, Truist Financial decreased their price target on MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a research note on Monday. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $38.50.

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MarineMax Trading Down 9.3 %

NYSE:HZO traded down $1.75 during trading hours on Monday, hitting $17.11. 328,562 shares of the company were exchanged, compared to its average volume of 300,455. The company has a fifty day simple moving average of $24.31 and a 200 day simple moving average of $28.16. MarineMax, Inc. has a one year low of $16.86 and a one year high of $38.20. The stock has a market capitalization of $388.52 million, a price-to-earnings ratio of 7.19 and a beta of 1.83. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35.

MarineMax (NYSE:HZO - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. Sell-side analysts expect that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Insider Activity at MarineMax

In other MarineMax news, Director Clint Moore sold 4,100 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $30.63, for a total transaction of $125,583.00. Following the completion of the sale, the director now directly owns 23,560 shares of the company's stock, valued at approximately $721,642.80. The trade was a 14.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $31.06, for a total value of $124,240.00. Following the completion of the transaction, the chief accounting officer now owns 11,451 shares in the company, valued at $355,668.06. This represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.

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.