MarineMax, Inc. (NYSE:HZO) Shares Bought by AlphaQuest LLC

AlphaQuest LLC lifted its holdings in MarineMax, Inc. (NYSE:HZO - Free Report) by 5,825.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 11,911 shares of the specialty retailer's stock after purchasing an additional 11,710 shares during the quarter. AlphaQuest LLC owned 0.05% of MarineMax worth $345,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HZO. US Bancorp DE increased its position in MarineMax by 49.6% during the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock valued at $51,000 after acquiring an additional 585 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in MarineMax by 6.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer's stock worth $341,000 after purchasing an additional 732 shares during the period. JPMorgan Chase & Co. lifted its stake in MarineMax by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer's stock worth $413,000 after purchasing an additional 905 shares during the last quarter. Empowered Funds LLC boosted its position in shares of MarineMax by 4.7% during the fourth quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer's stock valued at $651,000 after buying an additional 1,006 shares during the period. Finally, Smartleaf Asset Management LLC grew its stake in shares of MarineMax by 211.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock valued at $43,000 after buying an additional 1,058 shares during the last quarter. Institutional investors own 92.85% of the company's stock.

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Wall Street Analyst Weigh In

HZO has been the subject of a number of research analyst reports. Benchmark reissued a "buy" rating and set a $40.00 price target on shares of MarineMax in a research note on Friday, January 24th. DA Davidson lowered their price objective 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 raised shares of MarineMax to a "strong-buy" rating in a research report on Wednesday, February 12th. Finally, StockNews.com raised shares of MarineMax from a "sell" rating to a "hold" rating in a research note on Friday, January 24th. One investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $41.50.

MarineMax Stock Down 0.6 %

NYSE HZO traded down $0.14 during midday trading on Tuesday, hitting $23.17. 211,149 shares of the company traded hands, compared to its average volume of 285,488. MarineMax, Inc. has a 52 week low of $22.08 and a 52 week high of $38.20. The company's 50-day simple moving average is $27.41 and its 200-day simple moving average is $29.87. The company has a market cap of $526.08 million, a PE ratio of 9.73 and a beta of 1.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24.

MarineMax (NYSE:HZO - Get Free Report) last announced its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, beating 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%. As a group, equities research analysts forecast that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Insider Transactions at MarineMax

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

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.