MarineMax, Inc. (NYSE:HZO) Shares Acquired by Peregrine Capital Management LLC

Peregrine Capital Management LLC raised its stake in MarineMax, Inc. (NYSE:HZO - Free Report) by 30.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 154,605 shares of the specialty retailer's stock after acquiring an additional 36,411 shares during the quarter. Peregrine Capital Management LLC owned approximately 0.68% of MarineMax worth $4,476,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in HZO. Assenagon Asset Management S.A. increased its stake in MarineMax by 212.4% in the third quarter. Assenagon Asset Management S.A. now owns 93,056 shares of the specialty retailer's stock valued at $3,282,000 after purchasing an additional 63,271 shares during the last quarter. James Investment Research Inc. acquired a new stake in MarineMax during the third quarter worth about $203,000. Private Management Group Inc. boosted its position in shares of MarineMax by 11.5% in the third quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer's stock worth $18,835,000 after buying an additional 55,033 shares during the period. Victory Capital Management Inc. boosted its holdings in MarineMax by 134.3% in the third quarter. Victory Capital Management Inc. now owns 129,416 shares of the specialty retailer's stock valued at $4,565,000 after purchasing an additional 74,173 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in MarineMax by 45.2% in the third quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer's stock valued at $13,008,000 after purchasing an additional 114,880 shares during the last quarter. 92.85% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on HZO shares. Benchmark reissued a "buy" rating and issued a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. StockNews.com raised 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 report on Wednesday, February 12th. Finally, DA Davidson reduced their price target on MarineMax from $38.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, January 22nd. One investment 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 stock. Based on data from MarketBeat.com, MarineMax currently has a consensus rating of "Buy" and an average target price of $41.50.

MarineMax Stock Performance

HZO stock traded down $1.07 during trading on Friday, reaching $26.77. 142,091 shares of the stock were exchanged, compared to its average volume of 261,246. MarineMax, Inc. has a twelve month low of $22.51 and a twelve month high of $38.20. The company has a market capitalization of $607.97 million, a P/E ratio of 11.23 and a beta of 1.91. The stock has a 50 day simple moving average of $28.90 and a 200-day simple moving average of $30.56. 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 released its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, beating analysts' consensus estimates of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. As a group, sell-side analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Insider Buying and Selling at MarineMax

In other news, CAO Anthony E. Jr. Cassella sold 4,000 shares of MarineMax stock in a transaction that occurred 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 transaction, the chief accounting officer now owns 11,451 shares in the company, valued at approximately $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Clint Moore sold 4,100 shares of MarineMax stock in a transaction that occurred 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 transaction, the director now owns 23,560 shares of the company's stock, valued at $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 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.