Charles Schwab Investment Management Inc. Sells 76,640 Shares of MarineMax, Inc. (NYSE:HZO)

Charles Schwab Investment Management Inc. lessened its stake in MarineMax, Inc. (NYSE:HZO - Free Report) by 22.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 267,207 shares of the specialty retailer's stock after selling 76,640 shares during the period. Charles Schwab Investment Management Inc. owned 1.18% of MarineMax worth $7,736,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of HZO. US Bancorp DE boosted its holdings in MarineMax by 49.6% in 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 stake in shares of MarineMax by 6.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer's stock worth $341,000 after buying an additional 732 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in MarineMax by 8.4% in the third quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer's stock valued at $413,000 after buying an additional 905 shares during the period. Empowered Funds LLC increased its stake in MarineMax by 4.7% in the fourth quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer's stock valued at $651,000 after purchasing an additional 1,006 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its holdings in MarineMax by 211.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock worth $43,000 after purchasing an additional 1,058 shares during the period. 92.85% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

HZO has been the subject of several research analyst reports. StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a report on Friday, January 24th. B. Riley upgraded MarineMax to a "strong-buy" rating in a report on Wednesday, February 12th. DA Davidson cut their price target on MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. Finally, Benchmark reaffirmed a "buy" rating and set a $40.00 price objective on shares of MarineMax in a research report on Friday, January 24th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $41.50.

MarineMax Stock Up 0.6 %

Shares of MarineMax stock traded up $0.14 during trading hours on Thursday, reaching $23.36. 202,293 shares of the company's stock were exchanged, compared to its average volume of 291,348. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. The company has a 50 day moving average of $26.92 and a two-hundred day moving average of $29.51. The stock has a market cap of $530.34 million, a P/E ratio of 9.81 and a beta of 1.94. MarineMax, Inc. has a fifty-two week low of $22.08 and a fifty-two week high of $38.20.

MarineMax (NYSE:HZO - Get Free Report) last released 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%. On average, sell-side analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Insider Transactions at MarineMax

In other news, Director Clint Moore sold 4,100 shares of MarineMax stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $30.63, for a total transaction of $125,583.00. Following the completion of the transaction, 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 can be accessed through this link. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $31.06, for a total value of $124,240.00. Following the completion of the sale, the chief accounting officer now owns 11,451 shares in the company, valued at approximately $355,668.06. This trade represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by company insiders.

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.