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

MarineMax, Inc. (NYSE:HZOGet Free Report) CAO Anthony E. Jr. Cassella sold 4,000 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $31.06, for a total transaction of $124,240.00. Following the completion of the sale, the chief accounting officer now owns 11,451 shares of the company’s stock, valued at approximately $355,668.06. The trade was a 25.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

MarineMax Stock Performance

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

MarineMax (NYSE:HZOGet Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a net margin of 1.57% and a return on equity of 5.09%. Equities analysts expect that MarineMax, Inc. will post 2.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HZO. Portolan Capital Management LLC acquired a new position in MarineMax in the 3rd quarter valued at $11,271,000. Algert Global LLC acquired a new position in MarineMax in the 3rd quarter valued at $4,949,000. Concentric Capital Strategies LP acquired a new position in MarineMax in the 3rd quarter valued at $4,832,000. Royce & Associates LP grew its stake in MarineMax by 45.2% in the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock valued at $13,008,000 after buying an additional 114,880 shares during the last quarter. Finally, Millennium Management LLC grew its stake in MarineMax by 22.7% in the 2nd quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock valued at $13,012,000 after buying an additional 74,451 shares during the last quarter. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. DA Davidson cut their target price on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of MarineMax in a research report on Friday, January 24th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, MarineMax presently has a consensus rating of “Moderate Buy” and an average price target of $41.50.

Get Our Latest Stock Analysis on HZO

About MarineMax

(Get Free Report)

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.

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