Ameliora Wealth Management Ltd. Makes New Investment in MarineMax, Inc. (NYSE:HZO)

Ameliora Wealth Management Ltd. bought a new stake in shares of MarineMax, Inc. (NYSE:HZO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 17,600 shares of the specialty retailer's stock, valued at approximately $510,000. Ameliora Wealth Management Ltd. owned about 0.08% of MarineMax as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of MarineMax in the third quarter worth $67,000. Point72 Asset Management L.P. purchased a new position in shares of MarineMax in the third quarter valued at about $143,000. Bfsg LLC raised its stake in shares of MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer's stock valued at $150,000 after acquiring an additional 681 shares during the last quarter. Systematic Financial Management LP bought a new position in shares of MarineMax during the third quarter valued at about $183,000. Finally, James Investment Research Inc. purchased a new stake in shares of MarineMax during the third quarter worth about $203,000. 92.85% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. StockNews.com upgraded 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 report on Friday, January 24th. Finally, DA Davidson dropped their price target on MarineMax from $38.00 to $35.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $41.50.

MarineMax Stock Down 1.8 %

Shares of NYSE:HZO traded down $0.57 during trading on Tuesday, hitting $30.57. The stock had a trading volume of 198,961 shares, compared to its average volume of 280,917. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a 12 month low of $22.51 and a 12 month high of $38.20. The company has a market capitalization of $694.15 million, a PE ratio of 12.84 and a beta of 1.91. The firm's fifty day moving average is $29.37 and its 200 day moving average is $30.85.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. Analysts anticipate that MarineMax, Inc. will post 2.45 EPS for the current fiscal year.

Insider Activity at MarineMax

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