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

MarineMax, Inc. (NYSE:HZO) Director Clint Moore sold 4,100 shares of the 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 directly owns 23,560 shares of the company’s stock, valued at approximately $721,642.80. The trade was a 14.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

MarineMax Trading Down 3.4 %

Shares of NYSE HZO traded down $1.03 during midday trading on Wednesday, hitting $29.26. The company’s stock had a trading volume of 190,053 shares, compared to its average volume of 296,242. The business’s 50 day moving average is $29.67 and its two-hundred day moving average is $31.13. MarineMax, Inc. has a 12-month low of $22.51 and a 12-month high of $38.20. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. The firm has a market cap of $664.43 million, a P/E ratio of 17.73 and a beta of 1.89.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, topping 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%. As a group, equities research analysts expect that MarineMax, Inc. will post 2.25 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on HZO shares. Benchmark reissued a “buy” rating and issued a $40.00 target price on shares of MarineMax in a report on Friday, January 24th. StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Finally, DA Davidson lowered their price objective on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $41.50.

Hedge Funds Weigh In On MarineMax

A number of hedge funds have recently added to or reduced their stakes in HZO. Empowered Funds LLC boosted its holdings in shares of MarineMax by 4.7% in the fourth quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock valued at $651,000 after purchasing an additional 1,006 shares during the period. Ameliora Wealth Management Ltd. bought a new stake in MarineMax during the 4th quarter valued at $510,000. Oliver Luxxe Assets LLC purchased a new stake in shares of MarineMax in the 4th quarter worth $1,316,000. JPMorgan Chase & Co. grew its position in shares of MarineMax by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock worth $413,000 after buying an additional 905 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of MarineMax during the third quarter valued at $236,000. 92.85% of the stock is currently owned by institutional investors.

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.