US Bancorp DE Buys 585 Shares of MarineMax, Inc. (NYSE:HZO)

US Bancorp DE increased its position in MarineMax, Inc. (NYSE:HZO) by 49.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,764 shares of the specialty retailer’s stock after purchasing an additional 585 shares during the period. US Bancorp DE’s holdings in MarineMax were worth $51,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Illinois Municipal Retirement Fund grew its stake in shares of MarineMax by 6.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 11,776 shares of the specialty retailer’s stock worth $341,000 after acquiring an additional 732 shares during the period. Y Intercept Hong Kong Ltd bought a new position in MarineMax during the fourth quarter valued at approximately $215,000. Peregrine Capital Management LLC boosted its holdings in MarineMax by 30.8% in the fourth quarter. Peregrine Capital Management LLC now owns 154,605 shares of the specialty retailer’s stock worth $4,476,000 after purchasing an additional 36,411 shares during the last quarter. Acuitas Investments LLC grew its position in MarineMax by 9.3% in the 4th quarter. Acuitas Investments LLC now owns 83,800 shares of the specialty retailer’s stock worth $2,426,000 after purchasing an additional 7,131 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of MarineMax by 4.1% in the fourth quarter. Principal Financial Group Inc. now owns 96,504 shares of the specialty retailer’s stock worth $2,794,000 after acquiring an additional 3,779 shares during the period. Institutional investors own 92.85% of the company’s stock.

Insider Buying and Selling

In related news, 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 completion of the sale, the director now owns 23,560 shares in the company, valued at approximately $721,642.80. The trade was a 14.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $31.06, for a total value of $124,240.00. Following the transaction, the chief accounting officer now owns 11,451 shares in the company, valued at approximately $355,668.06. This represents a 25.89 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

MarineMax Stock Performance

HZO opened at $23.17 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. The stock has a market capitalization of $526.08 million, a price-to-earnings ratio of 9.73 and a beta of 1.94. The company has a fifty day moving average of $27.32 and a 200 day moving average of $29.81. MarineMax, Inc. has a fifty-two week low of $22.08 and a fifty-two week high of $38.20.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, beating 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%. As a group, sell-side analysts forecast that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

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.