AlphaQuest LLC Buys 11,710 Shares of MarineMax, Inc. (NYSE:HZO)

AlphaQuest LLC increased its stake in MarineMax, Inc. (NYSE:HZO) by 5,825.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,911 shares of the specialty retailer’s stock after acquiring an additional 11,710 shares during the period. AlphaQuest LLC owned about 0.05% of MarineMax worth $345,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. US Bancorp DE grew its stake in shares of MarineMax by 49.6% during the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock valued at $51,000 after buying an additional 585 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in MarineMax by 6.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer’s stock valued at $341,000 after acquiring an additional 732 shares during the period. JPMorgan Chase & Co. boosted its holdings in MarineMax by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock valued at $413,000 after acquiring an additional 905 shares during the period. Empowered Funds LLC grew its position in MarineMax by 4.7% during the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock worth $651,000 after acquiring an additional 1,006 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in MarineMax by 211.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock worth $43,000 after purchasing an additional 1,058 shares during the period. Institutional investors own 92.85% of the company’s stock.

MarineMax Trading Down 0.0 %

NYSE:HZO opened at $22.76 on Friday. The company has a 50-day moving average price of $27.50 and a 200-day moving average price of $29.95. The stock has a market cap of $516.79 million, a price-to-earnings ratio of 9.56 and a beta of 1.94. 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.

MarineMax (NYSE:HZO) last issued its quarterly earnings data 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 2.33% and a return on equity of 4.96%. Equities analysts predict that MarineMax, Inc. will post 2.41 EPS for the current year.

Insider Buying and Selling

In related news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $31.06, for a total transaction of $124,240.00. Following the sale, the chief accounting officer now owns 11,451 shares of the company’s stock, valued at $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Clint Moore sold 4,100 shares of the firm’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 transaction of $125,583.00. Following the transaction, the director now directly owns 23,560 shares of the company’s stock, valued at $721,642.80. This represents a 14.82 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

HZO has been the subject of a number of analyst reports. B. Riley upgraded shares of MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. DA Davidson dropped their price target 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 set a $40.00 target price on shares of MarineMax in a report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, MarineMax presently has a consensus rating of “Buy” and a consensus 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.