Assenagon Asset Management S.A. Has $1.12 Million Stock Position in MarineMax, Inc. (NYSE:HZO)

Assenagon Asset Management S.A. reduced its holdings in MarineMax, Inc. (NYSE:HZO - Free Report) by 58.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,665 shares of the specialty retailer's stock after selling 54,391 shares during the quarter. Assenagon Asset Management S.A. owned 0.17% of MarineMax worth $1,119,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in MarineMax by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer's stock worth $267,000 after purchasing an additional 408 shares in the last quarter. Bfsg LLC increased its position in shares of MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer's stock worth $150,000 after acquiring an additional 681 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of MarineMax by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer's stock worth $413,000 after acquiring an additional 905 shares in the last quarter. Empowered Funds LLC lifted its position in MarineMax by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 21,473 shares of the specialty retailer's stock valued at $757,000 after acquiring an additional 1,072 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in MarineMax by 7.0% in the 3rd quarter. Janus Henderson Group PLC now owns 20,066 shares of the specialty retailer's stock worth $707,000 after purchasing an additional 1,319 shares during the period. Institutional investors and hedge funds own 92.85% of the company's stock.

Analyst Ratings Changes

HZO has been the topic of several recent research reports. StockNews.com raised MarineMax from a "sell" rating to a "hold" rating in a research note on Friday. DA Davidson dropped their target price on MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday. Finally, Benchmark reaffirmed a "buy" rating and set a $40.00 price target on shares of MarineMax in a research report on Friday. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, MarineMax has an average rating of "Moderate Buy" and a consensus price target of $41.50.

MarineMax Stock Down 4.8 %

HZO traded down $1.56 on Friday, hitting $30.81. 469,084 shares of the company were exchanged, compared to its average volume of 184,676. The stock's fifty day moving average is $29.64 and its 200-day moving average is $31.23. MarineMax, Inc. has a 12 month low of $22.51 and a 12 month high of $38.20. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.34 and a current ratio of 1.19. The company has a market cap of $699.08 million, a PE ratio of 18.67 and a beta of 1.89.

MarineMax (NYSE:HZO - Get Free Report) last announced 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 5.09% and a net margin of 1.57%. Equities research analysts predict that MarineMax, Inc. will post 2.25 EPS for the current fiscal year.

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.