Victory Capital Management Inc. Has $3.36 Million Holdings in MarineMax, Inc. (NYSE:HZO)

Victory Capital Management Inc. reduced its stake in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 10.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 115,991 shares of the specialty retailer's stock after selling 13,425 shares during the quarter. Victory Capital Management Inc. owned approximately 0.51% of MarineMax worth $3,358,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Portolan Capital Management LLC acquired a new stake in MarineMax during the third quarter valued at $11,271,000. Algert Global LLC purchased a new stake in shares of MarineMax during the 3rd quarter worth about $4,949,000. Concentric Capital Strategies LP acquired a new stake in shares of MarineMax during the 3rd quarter valued at about $4,832,000. Royce & Associates LP grew its stake in shares of MarineMax by 45.2% in the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer's stock valued at $13,008,000 after buying an additional 114,880 shares in the last quarter. Finally, Oliver Luxxe Assets LLC acquired a new position in MarineMax in the fourth quarter worth approximately $1,316,000. Institutional investors and hedge funds own 92.85% of the company's stock.

Analyst Ratings Changes

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

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MarineMax Stock Performance

MarineMax stock traded down $0.48 on Thursday, reaching $23.49. 136,385 shares of the stock were exchanged, compared to its average volume of 285,358. 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 twelve month low of $22.08 and a twelve month high of $38.20. The firm has a fifty day moving average price of $27.26 and a two-hundred day moving average price of $29.77. The stock has a market cap of $533.43 million, a PE ratio of 9.85 and a beta of 1.94.

MarineMax (NYSE:HZO - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. Sell-side analysts anticipate that MarineMax, Inc. will post 2.41 EPS for the current year.

Insider Activity at MarineMax

In related news, 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 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 $355,668.06. This trade represents a 25.89 % 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 hyperlink. Also, Director Clint Moore sold 4,100 shares of the business's stock in a transaction on Monday, January 27th. The shares were 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 in the company, valued at $721,642.80. This trade represents a 14.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company's stock.

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.