Royce & Associates LP Raises Stake in MarineMax, Inc. (NYSE:HZO)

Royce & Associates LP increased its position in shares of MarineMax, Inc. (NYSE:HZO) by 11.7% during the 4th quarter, Holdings Channel reports. The firm owned 412,156 shares of the specialty retailer’s stock after acquiring an additional 43,330 shares during the period. Royce & Associates LP’s holdings in MarineMax were worth $11,932,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of MarineMax by 211.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock valued at $43,000 after acquiring an additional 1,058 shares in the last quarter. US Bancorp DE raised its stake in MarineMax by 49.6% during the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock valued at $51,000 after purchasing an additional 585 shares during the period. Point72 Asia Singapore Pte. Ltd. purchased a new position in MarineMax in the 3rd quarter worth approximately $67,000. Point72 Asset Management L.P. bought a new position in MarineMax in the 3rd quarter worth approximately $143,000. Finally, Systematic Financial Management LP purchased a new stake in MarineMax during the 3rd quarter valued at approximately $183,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. B. Riley upgraded shares of MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th. DA Davidson dropped their price objective on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of MarineMax in a report on Friday, January 24th. Finally, StockNews.com raised MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, MarineMax has an average rating of “Buy” and a consensus target price of $41.50.

Insiders Place Their Bets

In other news, Director Clint Moore sold 4,100 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $30.63, for a total transaction of $125,583.00. Following the transaction, the director now owns 23,560 shares of the company’s stock, valued at approximately $721,642.80. This represents a 14.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 11,451 shares of the company’s stock, valued at $355,668.06. This represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

MarineMax Stock Up 2.4 %

Shares of NYSE:HZO opened at $23.32 on Tuesday. The company has a 50-day moving average price of $27.41 and a 200 day moving average price of $29.87. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a 12 month low of $22.08 and a 12 month high of $38.20. The company has a market cap of $529.46 million, a price-to-earnings ratio of 9.80 and a beta of 1.94.

MarineMax (NYSE:HZO) last announced its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping 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%. As a group, equities research analysts predict that MarineMax, Inc. will post 2.41 earnings per share for the current year.

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.