MarineMax, Inc. (NYSE:HZO) Director Clint Moore Sells 4,100 Shares

MarineMax, Inc. (NYSE:HZO) Director Clint Moore sold 4,100 shares of the business’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 completion of the sale, the director now directly owns 23,560 shares in the company, valued at approximately $721,642.80. The trade was a 14.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

MarineMax Stock Performance

NYSE:HZO opened at $30.43 on Friday. The firm has a market capitalization of $690.41 million, a PE ratio of 18.44 and a beta of 1.89. The business’s fifty day moving average price is $29.68 and its 200 day moving average price is $31.11. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.34. MarineMax, Inc. has a 12 month low of $22.51 and a 12 month high of $38.20.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, beating the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. On average, sell-side analysts anticipate that MarineMax, Inc. will post 2.25 earnings per share for the current fiscal year.

Hedge Funds Weigh In On MarineMax

Several large investors have recently bought and sold shares of HZO. Public Sector Pension Investment Board increased its holdings in MarineMax by 7.9% in the second quarter. Public Sector Pension Investment Board now owns 44,654 shares of the specialty retailer’s stock valued at $1,445,000 after buying an additional 3,273 shares during the last quarter. Marshall Wace LLP acquired a new position in MarineMax in the second quarter valued at $669,000. AQR Capital Management LLC boosted its stake in 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 acquiring an additional 4,905 shares in the last quarter. Millennium Management LLC boosted its stake in MarineMax by 22.7% in the second quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock valued at $13,012,000 after acquiring an additional 74,451 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in MarineMax by 5.2% in the second quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock valued at $267,000 after acquiring an additional 408 shares in the last quarter. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. DA Davidson cut their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com raised MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of MarineMax in a research report on Friday, January 24th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, MarineMax presently has a consensus rating of “Moderate Buy” and an average 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.