Cinctive Capital Management LP Makes New Investment in MarineMax, Inc. (NYSE:HZO)

Cinctive Capital Management LP purchased a new position in MarineMax, Inc. (NYSE:HZO - Free Report) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 43,367 shares of the specialty retailer's stock, valued at approximately $1,530,000. Cinctive Capital Management LP owned 0.19% of MarineMax as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in MarineMax during the second quarter valued at approximately $52,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in MarineMax in the 3rd quarter valued at about $67,000. Bfsg LLC increased its position in MarineMax by 19.1% in the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer's stock valued at $150,000 after buying an additional 681 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of MarineMax in the 3rd quarter worth approximately $203,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of MarineMax by 17.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,158 shares of the specialty retailer's stock worth $205,000 after purchasing an additional 924 shares during the period. 92.85% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently commented on HZO shares. StockNews.com cut MarineMax from a "hold" rating to a "sell" rating in a research note on Tuesday, September 3rd. Citigroup raised shares of MarineMax from a "neutral" rating to a "buy" rating and upped their target price for the stock from $40.00 to $44.00 in a report on Monday, September 9th. Finally, Benchmark started coverage on shares of MarineMax in a research report on Tuesday, October 15th. They set a "buy" rating and a $40.00 target price on the stock. One analyst has rated the stock with a sell rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $41.83.

MarineMax Trading Down 1.0 %

NYSE HZO traded down $0.33 during mid-day trading on Wednesday, hitting $32.13. The company's stock had a trading volume of 268,573 shares, compared to its average volume of 300,847. The stock's fifty day simple moving average is $31.30 and its two-hundred day simple moving average is $31.85. MarineMax, Inc. has a 52-week low of $22.51 and a 52-week 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. The firm has a market capitalization of $725.86 million, a P/E ratio of 19.47 and a beta of 1.87.

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

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.