Caxton Associates LLP Makes New $1.15 Million Investment in MarineMax, Inc. $HZO

Caxton Associates LLP acquired a new stake in shares of MarineMax, Inc. (NYSE:HZO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,540 shares of the specialty retailer’s stock, valued at approximately $1,145,000. Caxton Associates LLP owned approximately 0.21% of MarineMax as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in shares of MarineMax by 115.6% in the second quarter. Invesco Ltd. now owns 716,078 shares of the specialty retailer’s stock worth $18,002,000 after buying an additional 383,926 shares during the last quarter. American Century Companies Inc. raised its stake in MarineMax by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 2,432,173 shares of the specialty retailer’s stock worth $61,145,000 after acquiring an additional 345,833 shares during the last quarter. Levin Capital Strategies L.P. grew its stake in MarineMax by 44.5% during the 2nd quarter. Levin Capital Strategies L.P. now owns 734,279 shares of the specialty retailer’s stock valued at $18,460,000 after purchasing an additional 225,992 shares during the last quarter. Broad Bay Capital Management LP increased its holdings in shares of MarineMax by 22.6% in the first quarter. Broad Bay Capital Management LP now owns 843,756 shares of the specialty retailer’s stock valued at $18,141,000 after purchasing an additional 155,750 shares during the period. Finally, Interval Partners LP raised its stake in shares of MarineMax by 181.2% in the first quarter. Interval Partners LP now owns 241,139 shares of the specialty retailer’s stock worth $5,184,000 after purchasing an additional 155,382 shares during the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on HZO. Truist Financial upped their target price on MarineMax from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. Zacks Research lowered shares of MarineMax from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 22nd. Wall Street Zen upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Saturday, November 22nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MarineMax in a research report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, MarineMax presently has a consensus rating of “Hold” and a consensus target price of $34.00.

MarineMax Price Performance

Shares of NYSE:HZO opened at $25.17 on Tuesday. The firm has a market capitalization of $550.38 million, a PE ratio of -16.24 and a beta of 1.66. The company has a current ratio of 1.20, a quick ratio of 0.32 and a debt-to-equity ratio of 0.38. MarineMax, Inc. has a 1-year low of $16.85 and a 1-year high of $33.45. The business’s 50 day moving average is $24.56 and its 200-day moving average is $25.03.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, November 13th. The specialty retailer reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.15) by $0.11. The firm had revenue of $552.15 million during the quarter, compared to analysts’ expectations of $533.05 million. MarineMax had a positive return on equity of 2.00% and a negative net margin of 1.37%.MarineMax’s quarterly revenue was down 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.24 earnings per share. MarineMax has set its FY 2026 guidance at 0.400-0.950 EPS. Sell-side analysts predict that MarineMax, Inc. will post 2.41 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.