MarineMax, Inc. (NYSE:HZO) Stake Boosted by Private Management Group Inc.

Private Management Group Inc. boosted its stake in MarineMax, Inc. (NYSE:HZO) by 5.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 422,643 shares of the specialty retailer’s stock after buying an additional 20,782 shares during the period. Private Management Group Inc.’s holdings in MarineMax were worth $16,441,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Fifth Third Bancorp increased its holdings in shares of MarineMax by 442.3% during the third quarter. Fifth Third Bancorp now owns 770 shares of the specialty retailer’s stock valued at $25,000 after purchasing an additional 628 shares during the period. Spire Wealth Management grew its stake in MarineMax by 58.3% during the 3rd quarter. Spire Wealth Management now owns 1,496 shares of the specialty retailer’s stock valued at $49,000 after acquiring an additional 551 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in MarineMax by 25.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,472 shares of the specialty retailer’s stock valued at $135,000 after acquiring an additional 696 shares in the last quarter. Arizona State Retirement System bought a new stake in shares of MarineMax in the 4th quarter valued at approximately $214,000. Finally, Aigen Investment Management LP grew its stake in shares of MarineMax by 26.2% in the 3rd quarter. Aigen Investment Management LP now owns 8,729 shares of the specialty retailer’s stock valued at $286,000 after buying an additional 1,812 shares in the last quarter. 92.85% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. DA Davidson restated a “buy” rating and issued a $34.00 target price on shares of MarineMax in a report on Friday, March 15th. StockNews.com lowered MarineMax from a “hold” rating to a “sell” rating in a report on Saturday, January 27th. Finally, Truist Financial upped their target price on MarineMax from $40.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $39.00.

MarineMax Stock Up 1.0 %

Shares of NYSE HZO traded up $0.27 during mid-day trading on Tuesday, reaching $27.94. 268,631 shares of the company’s stock were exchanged, compared to its average volume of 309,954. The firm has a market capitalization of $623.06 million, a price-to-earnings ratio of 6.92 and a beta of 1.69. The company has a current ratio of 1.28, a quick ratio of 0.35 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $30.55 and a 200 day simple moving average of $31.55. MarineMax, Inc. has a twelve month low of $25.60 and a twelve month high of $42.88.

MarineMax (NYSE:HZO) last issued its earnings results on Thursday, January 25th. The specialty retailer reported $0.19 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.37). The business had revenue of $527.30 million for the quarter, compared to the consensus estimate of $524.76 million. MarineMax had a return on equity of 10.44% and a net margin of 3.75%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.24 earnings per share. As a group, equities analysts expect that MarineMax, Inc. will post 3.33 EPS for the current fiscal year.

Insider Buying and Selling at MarineMax

In related news, Director Clint Moore sold 4,000 shares of the business’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $31.12, for a total transaction of $124,480.00. Following the sale, the director now owns 20,544 shares in the company, valued at approximately $639,329.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Charles A. Cashman sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $29.76, for a total transaction of $223,200.00. Following the transaction, the executive vice president now directly owns 63,981 shares of the company’s stock, valued at approximately $1,904,074.56. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Clint Moore sold 4,000 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $31.12, for a total value of $124,480.00. Following the completion of the sale, the director now directly owns 20,544 shares of the company’s stock, valued at $639,329.28. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

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.