Royce & Associates LP Purchases 43,330 Shares of MarineMax, Inc. (NYSE:HZO)

Royce & Associates LP boosted its position in MarineMax, Inc. (NYSE:HZO) by 11.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 412,156 shares of the specialty retailer’s stock after purchasing an additional 43,330 shares during the quarter. Royce & Associates LP owned approximately 1.82% of MarineMax worth $11,932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HZO. Smartleaf Asset Management LLC increased its stake in shares of 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 acquiring an additional 1,058 shares in the last quarter. US Bancorp DE increased 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 purchasing an additional 585 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of MarineMax during the third quarter valued at approximately $67,000. Point72 Asset Management L.P. bought a new stake in shares of MarineMax in the 3rd quarter worth approximately $143,000. Finally, Systematic Financial Management LP purchased a new stake in shares of MarineMax in the 3rd quarter worth approximately $183,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Stock Up 2.4 %

Shares of MarineMax stock opened at $23.32 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a twelve month low of $22.08 and a twelve 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. The company’s 50 day moving average is $27.41 and its 200 day moving average is $29.87.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (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%. Research analysts anticipate that MarineMax, Inc. will post 2.41 EPS for the current year.

Insider Activity

In other news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business’s stock in a transaction on Monday, January 27th. The shares were 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 $355,668.06. The trade was a 25.89 % decrease in their position. The sale 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 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 completion of the transaction, the director now directly owns 23,560 shares in the company, valued at approximately $721,642.80. This represents a 14.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on HZO. DA Davidson dropped their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. B. Riley raised shares of MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, Benchmark reiterated a “buy” rating and set a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. One 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 stock. According to data from MarketBeat, MarineMax has a consensus rating of “Buy” and an average target price of $41.50.

MarineMax 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.