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 company’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. This trade represents a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

MarineMax Stock Performance

Shares of HZO traded down $1.03 on Wednesday, reaching $29.26. 190,053 shares of the stock traded hands, compared to its average volume of 296,242. The stock’s 50-day moving average price is $29.67 and its 200-day moving average price is $31.13. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.19 and a quick ratio of 0.34. The firm has a market cap of $664.43 million, a price-to-earnings ratio of 17.73 and a beta of 1.89. MarineMax, Inc. has a 12 month low of $22.51 and a 12 month high of $38.20.

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HZO. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of MarineMax in the 3rd quarter valued at approximately $67,000. Point72 Asset Management L.P. acquired a new stake in MarineMax in the 3rd quarter valued at $143,000. Bfsg LLC raised its stake in MarineMax by 19.1% during the third quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock worth $150,000 after acquiring an additional 681 shares in the last quarter. Systematic Financial Management LP bought a new position in shares of MarineMax during the third quarter valued at $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.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HZO. Benchmark restated a “buy” rating and set a $40.00 target price on shares of MarineMax in a research note on Friday, January 24th. StockNews.com raised MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Finally, DA Davidson dropped their target price on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average 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.