Raymond James Financial Inc. Takes $572,000 Position in MarineMax, Inc. (NYSE:HZO)

Raymond James Financial Inc. acquired a new stake in MarineMax, Inc. (NYSE:HZO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 19,742 shares of the specialty retailer's stock, valued at approximately $572,000. Raymond James Financial Inc. owned approximately 0.09% of MarineMax at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in MarineMax by 7.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,879 shares of the specialty retailer's stock worth $2,182,000 after buying an additional 4,548 shares during the last quarter. Janus Henderson Group PLC increased its stake in shares of MarineMax by 7.0% during the 3rd quarter. Janus Henderson Group PLC now owns 20,066 shares of the specialty retailer's stock worth $707,000 after purchasing an additional 1,319 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of MarineMax in the 3rd quarter valued at about $143,000. XTX Topco Ltd acquired a new stake in MarineMax in the 3rd quarter valued at about $236,000. Finally, JPMorgan Chase & Co. grew its holdings in MarineMax by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer's stock worth $413,000 after purchasing an additional 905 shares during the period. Institutional investors and hedge funds own 92.85% of the company's stock.

Analyst Upgrades and Downgrades

HZO has been the subject of a number of recent analyst reports. B. Riley raised MarineMax to a "strong-buy" rating in a research report on Wednesday, February 12th. Benchmark reaffirmed a "buy" rating and set a $40.00 price objective on shares of MarineMax in a research report on Friday, January 24th. StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a 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 for the company in a report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Buy" and an average price target of $41.50.

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MarineMax Stock Performance

Shares of HZO stock traded down $0.59 on Friday, hitting $18.84. The company's stock had a trading volume of 423,426 shares, compared to its average volume of 300,043. The stock's 50 day moving average is $24.31 and its 200-day moving average is $28.21. MarineMax, Inc. has a fifty-two week low of $17.61 and a fifty-two week high of $38.20. The company has a market capitalization of $427.69 million, a PE ratio of 7.91 and a beta of 1.83. 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 (NYSE:HZO - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. Equities research analysts expect that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MarineMax news, Director Clint Moore sold 4,100 shares of the company'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 sale, the director now owns 23,560 shares of the company's stock, valued at approximately $721,642.80. This represents a 14.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of MarineMax stock in a transaction dated 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 approximately $355,668.06. This trade represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.