American Century Companies Inc. Increases Position in MarineMax, Inc. (NYSE:HZO)

American Century Companies Inc. raised its holdings in MarineMax, Inc. (NYSE:HZO - Free Report) by 2.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,032,468 shares of the specialty retailer's stock after purchasing an additional 55,592 shares during the quarter. American Century Companies Inc. owned 8.95% of MarineMax worth $58,840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC boosted its holdings in MarineMax by 211.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer's stock worth $43,000 after buying an additional 1,058 shares in the last quarter. US Bancorp DE boosted its holdings in MarineMax by 49.6% in the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer's stock worth $51,000 after buying an additional 585 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of MarineMax in the third quarter worth approximately $67,000. Point72 Asset Management L.P. purchased a new stake in shares of MarineMax during the third quarter worth $143,000. Finally, Quantbot Technologies LP purchased a new stake in MarineMax during the 4th quarter valued at about $129,000. 92.85% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Clint Moore sold 4,100 shares of the stock in a transaction 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 sale, the director now directly owns 23,560 shares of the company's stock, valued at $721,642.80. This trade represents a 14.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the firm's 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 sale, the chief accounting officer now owns 11,451 shares of the company's stock, valued at $355,668.06. This trade represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 4.00% of the company's stock.

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Analysts Set New Price Targets

Several analysts have issued reports on HZO shares. StockNews.com upgraded MarineMax from a "sell" rating to a "hold" rating in a report on Friday, January 24th. Benchmark reiterated a "buy" rating and set a $40.00 price target on shares of MarineMax in a research report on Friday, January 24th. DA Davidson lowered their price target on MarineMax from $38.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, January 22nd. Finally, B. Riley raised MarineMax to a "strong-buy" rating in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, MarineMax currently has an average rating of "Buy" and an average price target of $41.50.

MarineMax Stock Down 5.4 %

Shares of NYSE:HZO traded down $1.27 during trading hours on Friday, reaching $22.03. The stock had a trading volume of 386,299 shares, compared to its average volume of 294,314. The stock has a market capitalization of $500.28 million, a price-to-earnings ratio of 9.26 and a beta of 1.94. The firm's 50 day moving average is $26.71 and its 200-day moving average is $29.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. MarineMax, Inc. has a 1 year low of $21.64 and a 1 year high of $38.20.

MarineMax (NYSE:HZO - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 EPS 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%. Research analysts predict that MarineMax, Inc. will post 2.41 earnings per share 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.