MarineMax, Inc. (NYSE:HZO) CAO Anthony E. Jr. Cassella Sells 4,000 Shares of Stock

MarineMax, Inc. (NYSE:HZO) CAO Anthony E. Jr. Cassella sold 4,000 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $31.06, for a total transaction of $124,240.00. Following the sale, the chief accounting officer now directly owns 11,451 shares in the company, valued at $355,668.06. This trade represents a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

MarineMax Stock Down 3.4 %

MarineMax stock opened at $29.26 on Thursday. The business’s 50-day moving average price is $29.67 and its 200 day moving average price is $31.13. The company has a quick ratio of 0.34, a current ratio of 1.19 and a debt-to-equity ratio of 0.36. The firm has a market cap of $664.43 million, a price-to-earnings ratio of 17.73 and a beta of 1.89. MarineMax, Inc. has a 52 week low of $22.51 and a 52 week high of $38.20.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. As a group, sell-side analysts anticipate that MarineMax, Inc. will post 2.25 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of HZO. Public Sector Pension Investment Board grew its position in shares of MarineMax by 7.9% during the 2nd quarter. Public Sector Pension Investment Board now owns 44,654 shares of the specialty retailer’s stock valued at $1,445,000 after acquiring an additional 3,273 shares during the period. Marshall Wace LLP acquired a new stake in MarineMax in the second quarter valued at approximately $669,000. AQR Capital Management LLC increased its position in shares of MarineMax by 43.4% in the second quarter. AQR Capital Management LLC now owns 16,202 shares of the specialty retailer’s stock valued at $524,000 after buying an additional 4,905 shares in the last quarter. Millennium Management LLC raised its stake in shares of MarineMax by 22.7% during the 2nd quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock worth $13,012,000 after buying an additional 74,451 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in shares of MarineMax by 5.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock valued at $267,000 after buying an additional 408 shares in the last quarter. Institutional investors and hedge funds own 92.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HZO. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. Finally, DA Davidson reduced their price target on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.