MarineMax, Inc. (NYSE:HZO) Position Trimmed by Private Management Group Inc.

Private Management Group Inc. reduced its holdings in MarineMax, Inc. (NYSE:HZO) by 1.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 527,870 shares of the specialty retailer’s stock after selling 6,153 shares during the quarter. Private Management Group Inc. owned approximately 2.33% of MarineMax worth $15,282,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. The Manufacturers Life Insurance Company lifted its holdings in MarineMax by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock worth $267,000 after acquiring an additional 408 shares during the last quarter. Bfsg LLC raised its position in shares of MarineMax by 19.1% during the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after purchasing an additional 681 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of MarineMax by 8.4% in the 3rd 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 last quarter. Empowered Funds LLC boosted its position in MarineMax by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 21,473 shares of the specialty retailer’s stock valued at $757,000 after purchasing an additional 1,072 shares during the period. Finally, Janus Henderson Group PLC grew its stake in 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 buying an additional 1,319 shares during the last quarter. 92.85% of the stock is owned by institutional investors and hedge funds.

MarineMax Price Performance

Shares of HZO opened at $30.56 on Thursday. MarineMax, Inc. has a one year low of $22.51 and a one year high of $38.20. The stock’s fifty day moving average is $29.57 and its 200-day moving average is $30.94. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. The firm has a market capitalization of $694.04 million, a price-to-earnings ratio of 12.84 and a beta of 1.91.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, beating 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%. Equities analysts anticipate that MarineMax, Inc. will post 2.35 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. DA Davidson cut their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Finally, Benchmark reissued a “buy” rating and set a $40.00 target price on shares of MarineMax in a research note on Friday, January 24th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $41.50.

Insider Buying and Selling

In related news, Director Clint Moore sold 4,100 shares of MarineMax stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.63, for a total transaction of $125,583.00. Following the transaction, the director now directly owns 23,560 shares of the company’s stock, valued at $721,642.80. The trade was a 14.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $31.06, for a total transaction of $124,240.00. Following the completion of the sale, the chief accounting officer now directly owns 11,451 shares of the company’s stock, valued at $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.

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.