JPMorgan Chase & Co. Purchases 905 Shares of MarineMax, Inc. (NYSE:HZO)

JPMorgan Chase & Co. lifted its position in MarineMax, Inc. (NYSE:HZO) by 8.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 11,705 shares of the specialty retailer’s stock after buying an additional 905 shares during the period. JPMorgan Chase & Co. owned approximately 0.05% of MarineMax worth $413,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. purchased a new position in MarineMax in the third quarter worth $67,000. Point72 Asset Management L.P. purchased a new position in MarineMax during the 3rd quarter worth $143,000. Bfsg LLC grew its stake in shares of 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 during the last quarter. Systematic Financial Management LP acquired a new position in shares of MarineMax during the third quarter valued at about $183,000. Finally, James Investment Research Inc. purchased a new position in shares of MarineMax in the 3rd quarter valued at approximately $203,000. Institutional investors own 92.85% of the company’s stock.

Insider Activity at MarineMax

In other news, Director Clint Moore sold 4,100 shares of MarineMax 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 sale, the director now owns 23,560 shares of the company’s stock, valued at $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 available at the SEC website. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the company’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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 4.00% of the stock is owned by insiders.

MarineMax Trading Down 3.4 %

NYSE:HZO opened at $29.26 on Thursday. MarineMax, Inc. has a 12-month low of $22.51 and a 12-month high of $38.20. The firm has a market cap of $664.43 million, a PE ratio of 17.73 and a beta of 1.89. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. The stock has a fifty day moving average price of $29.67 and a 200 day moving average price of $31.13.

MarineMax (NYSE:HZO) last announced its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 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%. Sell-side analysts anticipate that MarineMax, Inc. will post 2.25 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on HZO shares. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. DA Davidson reduced 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. Finally, Benchmark reaffirmed a “buy” rating and issued a $40.00 price objective on shares of MarineMax in a report on Friday, January 24th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.50.

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.