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

MarineMax, Inc. (NYSE:HZOGet Free Report) Director Clint Moore sold 4,100 shares of the business’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 value of $125,583.00. Following the sale, the director now owns 23,560 shares of the company’s stock, valued at approximately $721,642.80. This trade represents a 14.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

MarineMax Trading Up 4.9 %

Shares of MarineMax stock opened at $30.43 on Friday. The stock has a market cap of $690.41 million, a P/E ratio of 18.44 and a beta of 1.89. The stock’s 50 day simple moving average is $29.68 and its 200-day simple moving average is $31.11. MarineMax, Inc. has a 1-year low of $22.51 and a 1-year high of $38.20. 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 (NYSE:HZOGet Free Report) last issued 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%. Analysts predict that MarineMax, Inc. will post 2.25 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Private Management Group Inc. lifted its holdings in MarineMax by 11.5% in the third quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer’s stock valued at $18,835,000 after acquiring an additional 55,033 shares during the last quarter. Millennium Management LLC lifted its holdings in MarineMax by 22.7% in the second quarter. Millennium Management LLC now owns 401,978 shares of the specialty retailer’s stock valued at $13,012,000 after acquiring an additional 74,451 shares during the last quarter. Royce & Associates LP lifted its holdings in MarineMax by 45.2% in the third quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock valued at $13,008,000 after acquiring an additional 114,880 shares during the last quarter. Portolan Capital Management LLC acquired a new position in MarineMax in the third quarter valued at approximately $11,271,000. Finally, Algert Global LLC acquired a new position in MarineMax in the third quarter valued at approximately $4,949,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HZO has been the subject of several research reports. Benchmark reiterated a “buy” rating and set 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 research note on Friday, January 24th. Finally, DA Davidson cut 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 analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, MarineMax presently has a consensus rating of “Moderate Buy” and an average price target of $41.50.

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MarineMax Company Profile

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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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