Y Intercept Hong Kong Ltd Acquires Shares of 7,441 MarineMax, Inc. (NYSE:HZO)

Y Intercept Hong Kong Ltd bought a new position in shares of MarineMax, Inc. (NYSE:HZO) during the fourth quarter, Holdings Channel reports. The firm bought 7,441 shares of the specialty retailer’s stock, valued at approximately $215,000.

A number of other hedge funds also recently made changes to their positions in HZO. JPMorgan Chase & Co. increased its holdings in MarineMax by 8.4% during the third quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock worth $413,000 after buying an additional 905 shares during the last quarter. Empowered Funds LLC grew its position in shares of MarineMax by 4.7% during the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock valued at $651,000 after acquiring an additional 1,006 shares during the period. Janus Henderson Group PLC increased its stake in shares of MarineMax by 7.0% during the 3rd quarter. Janus Henderson Group PLC now owns 20,066 shares of the specialty retailer’s stock worth $707,000 after purchasing an additional 1,319 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of MarineMax in the 3rd quarter worth approximately $67,000. Finally, Principal Financial Group Inc. lifted its stake in MarineMax by 4.1% in the fourth quarter. Principal Financial Group Inc. now owns 96,504 shares of the specialty retailer’s stock valued at $2,794,000 after purchasing an additional 3,779 shares during the last quarter. 92.85% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on HZO shares. StockNews.com raised MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. B. Riley raised MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. Benchmark restated a “buy” rating and issued a $40.00 price objective on shares of MarineMax in a research note on Friday, January 24th. Finally, 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. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $41.50.

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 stock was sold at an average price of $31.06, for a total transaction of $124,240.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,451 shares in the company, valued at $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Clint Moore sold 4,100 shares of MarineMax stock in a transaction dated Monday, January 27th. The shares were 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 position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

MarineMax Price Performance

Shares of NYSE HZO opened at $23.27 on Wednesday. The stock has a fifty day moving average of $28.27 and a 200-day moving average of $30.36. The stock has a market cap of $528.39 million, a PE ratio of 9.78 and a beta of 1.91. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. MarineMax, Inc. has a fifty-two week low of $22.51 and a fifty-two week 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 for the quarter, beating the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. Equities research analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share for the current year.

About MarineMax

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.