SWS Partners Buys New Stake in MarineMax, Inc. (NYSE:HZO)

SWS Partners purchased a new position in shares of MarineMax, Inc. (NYSE:HZO) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,552 shares of the specialty retailer’s stock, valued at approximately $595,000. SWS Partners owned approximately 0.09% of MarineMax as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Portolan Capital Management LLC acquired a new stake in shares of MarineMax during the third quarter worth about $11,271,000. Algert Global LLC purchased a new stake in MarineMax during the 3rd quarter worth approximately $4,949,000. Concentric Capital Strategies LP acquired a new stake in MarineMax during the 3rd quarter worth approximately $4,832,000. Royce & Associates LP boosted its position in 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 during the period. Finally, Victory Capital Management Inc. grew its stake in shares of MarineMax by 134.3% in the third quarter. Victory Capital Management Inc. now owns 129,416 shares of the specialty retailer’s stock worth $4,565,000 after acquiring an additional 74,173 shares in the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Clint Moore sold 4,100 shares of the 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 owns 23,560 shares in the company, valued at $721,642.80. This represents a 14.82 % decrease in their position. The sale was disclosed in a document filed 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. Corporate insiders own 4.00% of the company’s stock.

MarineMax Stock Performance

Shares of HZO opened at $24.50 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a 52-week low of $22.51 and a 52-week high of $38.20. The stock has a 50 day moving average price of $28.37 and a 200 day moving average price of $30.42. The company has a market capitalization of $556.32 million, a price-to-earnings ratio of 10.29 and a beta of 1.91.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, beating 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%. Research analysts predict that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

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.