First Eagle Investment Management LLC Buys New Position in MarineMax, Inc. (NYSE:HZO)

First Eagle Investment Management LLC bought a new stake in shares of MarineMax, Inc. (NYSE:HZO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 107,969 shares of the specialty retailer’s stock, valued at approximately $3,126,000.

A number of other hedge funds have also bought and sold shares of the business. US Bancorp DE lifted its holdings in MarineMax by 49.6% during the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 585 shares during the period. Illinois Municipal Retirement Fund lifted its holdings in MarineMax by 6.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer’s stock worth $341,000 after acquiring an additional 732 shares during the period. JPMorgan Chase & Co. lifted its holdings in MarineMax by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock worth $413,000 after acquiring an additional 905 shares during the period. Empowered Funds LLC lifted its holdings in MarineMax by 4.7% during the fourth quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock worth $651,000 after acquiring an additional 1,006 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in MarineMax by 211.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock worth $43,000 after acquiring an additional 1,058 shares during the period. 92.85% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

MarineMax Stock Performance

NYSE:HZO opened at $22.76 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. MarineMax, Inc. has a 52-week low of $22.08 and a 52-week high of $38.20. The firm has a market cap of $516.79 million, a price-to-earnings ratio of 9.56 and a beta of 1.94. The business’s fifty day moving average is $27.50 and its 200 day moving average is $29.94.

MarineMax (NYSE:HZO) last released its quarterly earnings data 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 return on equity of 4.96% and a net margin of 2.33%. Research analysts predict that MarineMax, Inc. will post 2.41 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently commented on HZO shares. Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. DA Davidson lowered 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. B. Riley upgraded MarineMax to a “strong-buy” rating in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $41.50.

About MarineMax

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.