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

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 stock was sold at an average price of $31.06, for a total value 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 approximately $355,668.06. This represents a 25.89 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

MarineMax Stock Down 3.4 %

Shares of HZO traded down $1.03 during mid-day trading on Wednesday, hitting $29.26. 190,053 shares of the company’s stock were exchanged, compared to its average volume of 296,242. 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 52 week low of $22.51 and a 52 week high of $38.20. The company has a market cap of $664.43 million, a PE ratio of 17.73 and a beta of 1.89. The company has a 50-day simple moving average of $29.67 and a 200 day simple moving average of $31.13.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, beating 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%. On average, research analysts forecast that MarineMax, Inc. will post 2.25 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on HZO shares. Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of MarineMax in a research note on Friday, January 24th. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Finally, DA Davidson reduced their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report 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 data from MarketBeat, MarineMax presently has an average rating of “Moderate Buy” and an average price target of $41.50.

Institutional Investors Weigh In On MarineMax

Several large investors have recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of MarineMax during the 3rd quarter worth approximately $67,000. Point72 Asset Management L.P. bought a new position in shares of MarineMax during the third quarter worth approximately $143,000. Bfsg LLC raised its stake in MarineMax by 19.1% in the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after purchasing an additional 681 shares in the last quarter. Systematic Financial Management LP bought a new stake in shares of MarineMax during the 3rd quarter worth approximately $183,000. Finally, James Investment Research Inc. acquired a new stake in shares of MarineMax in the 3rd quarter valued at $203,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

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.