Invesco Ltd. Buys 51,352 Shares of MarineMax, Inc. (NYSE:HZO)

Invesco Ltd. increased its position in MarineMax, Inc. (NYSE:HZO - Free Report) by 17.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 347,481 shares of the specialty retailer's stock after purchasing an additional 51,352 shares during the period. Invesco Ltd. owned approximately 1.53% of MarineMax worth $10,060,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of HZO. JPMorgan Chase & Co. grew its holdings 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 valued at $413,000 after buying an additional 905 shares during the last quarter. Oliver Luxxe Assets LLC purchased a new stake in MarineMax during the 4th quarter valued at $1,316,000. Ameliora Wealth Management Ltd. purchased a new stake in MarineMax during the 4th quarter valued at $510,000. Empowered Funds LLC increased its holdings in shares of MarineMax by 4.7% in the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer's stock worth $651,000 after purchasing an additional 1,006 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of MarineMax by 4.1% in the fourth quarter. Principal Financial Group Inc. now owns 96,504 shares of the specialty retailer's stock worth $2,794,000 after purchasing an additional 3,779 shares during the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Stock Performance

HZO stock traded up $0.32 during midday trading on Friday, reaching $22.99. 407,896 shares of the company's stock traded hands, compared to its average volume of 304,452. 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, Inc. has a 52-week low of $16.85 and a 52-week high of $38.20. The stock has a market cap of $522.03 million, a P/E ratio of 9.66 and a beta of 1.83. The stock's 50-day moving average is $22.41 and its 200 day moving average is $27.37.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The specialty retailer reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. The firm had revenue of $631.52 million during the quarter, compared to analyst estimates of $580.12 million. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. As a group, analysts anticipate that MarineMax, Inc. will post 2.41 EPS for the current year.

Insider Transactions at MarineMax

In other news, Director Clint Moore sold 4,100 shares of the stock in a transaction on Monday, January 27th. The shares were 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 of the company's stock, valued at $721,642.80. This represents a 14.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of MarineMax stock in a transaction on Monday, January 27th. The shares were sold at an average price of $31.06, for a total transaction of $124,240.00. Following the transaction, 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. Corporate insiders own 4.00% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on HZO. DA Davidson reduced their price objective on MarineMax from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. B. Riley raised shares of MarineMax to a "strong-buy" rating in a report on Wednesday, February 12th. Truist Financial lowered their price objective on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Benchmark reaffirmed a "buy" rating and issued a $40.00 target price on shares of MarineMax in a research report on Friday, January 24th. Finally, StockNews.com raised MarineMax from a "sell" rating to a "hold" rating in a report on Friday, January 24th. One 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's stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $38.50.

MarineMax 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.