MarineMax, Inc. (NYSE:HZO) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its position in MarineMax, Inc. (NYSE:HZO) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,032,468 shares of the specialty retailer’s stock after buying an additional 55,592 shares during the quarter. American Century Companies Inc. owned 8.95% of MarineMax worth $58,840,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP purchased a new position in MarineMax during the 4th quarter valued at about $129,000. Royce & Associates LP increased its stake in shares of MarineMax by 11.7% during the 4th quarter. Royce & Associates LP now owns 412,156 shares of the specialty retailer’s stock worth $11,932,000 after purchasing an additional 43,330 shares in the last quarter. First Eagle Investment Management LLC acquired a new position in shares of MarineMax during the 4th quarter worth approximately $3,126,000. AlphaQuest LLC lifted its stake in MarineMax by 5,825.9% in the 4th quarter. AlphaQuest LLC now owns 11,911 shares of the specialty retailer’s stock valued at $345,000 after buying an additional 11,710 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in MarineMax during the 4th quarter valued at $572,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Stock Down 1.6 %

HZO opened at $23.29 on Wednesday. The stock has a market capitalization of $528.85 million, a price-to-earnings ratio of 9.79 and a beta of 1.94. MarineMax, Inc. has a 12 month low of $22.08 and a 12 month high of $38.20. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. The business has a 50-day moving average of $27.01 and a two-hundred day moving average of $29.55.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (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%. On average, research analysts expect that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Insider Activity

In related news, Director Clint Moore sold 4,100 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $30.63, for a total value of $125,583.00. Following the transaction, the director now owns 23,560 shares in the company, valued at approximately $721,642.80. This trade represents a 14.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $31.06, for a total transaction of $124,240.00. Following the sale, the chief accounting officer now owns 11,451 shares of the company’s stock, valued at approximately $355,668.06. This represents 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.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HZO. B. Riley upgraded MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th. Benchmark restated a “buy” rating and issued a $40.00 target price on shares of MarineMax in a report on Friday, January 24th. DA Davidson lowered their price target 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. Finally, StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $41.50.

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.