Royce & Associates LP lifted its stake in shares of MarineMax, Inc. (NYSE:HZO - Free Report) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 412,156 shares of the specialty retailer's stock after purchasing an additional 43,330 shares during the quarter. Royce & Associates LP owned about 1.82% of MarineMax worth $11,932,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Levin Capital Strategies L.P. boosted its stake in MarineMax by 1.3% during the 4th quarter. Levin Capital Strategies L.P. now owns 357,311 shares of the specialty retailer's stock valued at $10,344,000 after purchasing an additional 4,480 shares during the period. Portolan Capital Management LLC bought a new stake in shares of MarineMax during the third quarter valued at approximately $11,271,000. Peregrine Capital Management LLC boosted its position in shares of MarineMax by 30.8% during the fourth quarter. Peregrine Capital Management LLC now owns 154,605 shares of the specialty retailer's stock worth $4,476,000 after buying an additional 36,411 shares during the period. Algert Global LLC bought a new position in MarineMax in the 3rd quarter worth approximately $4,949,000. Finally, Concentric Capital Strategies LP acquired a new stake in MarineMax in the 3rd quarter valued at approximately $4,832,000. Institutional investors own 92.85% of the company's stock.
MarineMax Price Performance
NYSE:HZO traded down $0.48 during mid-day trading on Friday, reaching $22.97. 383,866 shares of the stock were exchanged, compared to its average volume of 285,758. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. The business has a fifty day moving average price of $27.20 and a 200 day moving average price of $29.73. MarineMax, Inc. has a 1-year low of $22.08 and a 1-year high of $38.20. The firm has a market capitalization of $521.49 million, a PE ratio of 9.65 and a beta of 1.94.
MarineMax (NYSE:HZO - Get Free Report) last announced its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, topping 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 expect that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the company. B. Riley upgraded MarineMax to a "strong-buy" rating in a research report on Wednesday, February 12th. Benchmark reaffirmed a "buy" rating and issued a $40.00 price objective on shares of MarineMax in a report on Friday, January 24th. StockNews.com upgraded shares of MarineMax from a "sell" rating to a "hold" rating in a research report on Friday, January 24th. Finally, DA Davidson dropped their price target on shares of MarineMax from $38.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $41.50.
Get Our Latest Stock Analysis on MarineMax
Insider Buying and Selling at MarineMax
In related news, 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 transaction, the chief accounting officer now owns 11,451 shares of the company's stock, valued at approximately $355,668.06. This trade represents a 25.89 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Clint Moore sold 4,100 shares of the business's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.63, for a total value of $125,583.00. Following the sale, the director now owns 23,560 shares in the company, valued at approximately $721,642.80. The trade was a 14.82 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.
About MarineMax
(
Free Report)
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.
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