Squarepoint Ops LLC Decreases Holdings in MarineMax, Inc. (NYSE:HZO)

Squarepoint Ops LLC lowered its holdings in MarineMax, Inc. (NYSE:HZO) by 25.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 135,072 shares of the specialty retailer’s stock after selling 45,595 shares during the quarter. Squarepoint Ops LLC’s holdings in MarineMax were worth $4,372,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Canada Pension Plan Investment Board purchased a new position in MarineMax in the second quarter valued at approximately $52,000. Price T Rowe Associates Inc. MD boosted 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 valued at $205,000 after buying an additional 924 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of MarineMax in the 4th quarter valued at $220,000. State Board of Administration of Florida Retirement System raised its stake in MarineMax by 45.9% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,897 shares of the specialty retailer’s stock worth $296,000 after acquiring an additional 2,800 shares in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its position in MarineMax by 14.1% in the first quarter. Illinois Municipal Retirement Fund now owns 12,589 shares of the specialty retailer’s stock valued at $419,000 after acquiring an additional 1,551 shares during the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup raised MarineMax from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $40.00 to $44.00 in a report on Monday, September 9th. B. Riley cut their price target on MarineMax from $48.00 to $46.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Stifel Nicolaus boosted their price objective on MarineMax from $35.00 to $40.00 and gave the company a “buy” rating in a research note on Friday, July 12th. StockNews.com lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research report on Tuesday, September 3rd. Finally, DA Davidson upped their price target on shares of MarineMax from $34.00 to $37.00 and gave the company a “buy” rating in a research report on Wednesday, July 24th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.20.

MarineMax Stock Down 1.0 %

MarineMax stock opened at $35.28 on Tuesday. The stock has a 50 day moving average of $32.35 and a two-hundred day moving average of $30.96. MarineMax, Inc. has a twelve month low of $22.51 and a twelve month high of $39.85. The stock has a market capitalization of $786.78 million, a price-to-earnings ratio of 12.78 and a beta of 1.82. The company has a current ratio of 1.20, a quick ratio of 0.36 and a debt-to-equity ratio of 0.37.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, July 25th. The specialty retailer reported $1.51 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.16. The firm had revenue of $757.72 million during the quarter, compared to the consensus estimate of $720.30 million. MarineMax had a return on equity of 6.26% and a net margin of 2.00%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company earned $2.07 earnings per share. As a group, research analysts expect that MarineMax, Inc. will post 2.33 earnings per share for the current year.

MarineMax Company 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.