MarineMax, Inc. (NYSE:HZO) Stock Position Lifted by Sei Investments Co.

Sei Investments Co. boosted its stake in MarineMax, Inc. (NYSE:HZO - Free Report) by 19.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 339,291 shares of the specialty retailer's stock after buying an additional 55,259 shares during the quarter. Sei Investments Co. owned approximately 1.49% of MarineMax worth $9,822,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of MarineMax by 2.8% in the fourth quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer's stock worth $58,840,000 after acquiring an additional 55,592 shares during the last quarter. Royce & Associates LP boosted its holdings in MarineMax by 11.7% in the fourth quarter. Royce & Associates LP now owns 412,156 shares of the specialty retailer's stock valued at $11,932,000 after acquiring an additional 43,330 shares during the last quarter. Levin Capital Strategies L.P. grew its position in MarineMax by 1.3% during the fourth quarter. Levin Capital Strategies L.P. now owns 357,311 shares of the specialty retailer's stock valued at $10,344,000 after acquiring an additional 4,480 shares during the period. Portolan Capital Management LLC acquired a new stake in MarineMax during the third quarter worth about $11,271,000. Finally, Peregrine Capital Management LLC raised its holdings in shares of MarineMax by 30.8% in the 4th quarter. Peregrine Capital Management LLC now owns 154,605 shares of the specialty retailer's stock worth $4,476,000 after purchasing an additional 36,411 shares during the period. Hedge funds and other institutional investors own 92.85% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a report on Friday, January 24th. B. Riley raised MarineMax to a "strong-buy" rating in a research report on Wednesday, February 12th. Benchmark reaffirmed a "buy" rating and issued a $40.00 price objective on shares of MarineMax in a research report on Friday, January 24th. Finally, DA Davidson reduced their target price on shares of MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $41.50.

MarineMax Stock Down 11.7 %

HZO stock traded down $2.57 during midday trading on Thursday, hitting $19.42. 797,902 shares of the company's stock were exchanged, compared to its average volume of 296,644. The firm has a 50 day moving average price of $26.07 and a 200-day moving average price of $29.12. MarineMax, Inc. has a 12-month low of $18.42 and a 12-month high of $38.20. The stock has a market capitalization of $440.86 million, a price-to-earnings ratio of 8.16 and a beta of 1.83. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35.

MarineMax (NYSE:HZO - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping 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, analysts anticipate that MarineMax, Inc. will post 2.41 EPS for the current year.

Insider Activity

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