Empowered Funds LLC Buys 1,006 Shares of MarineMax, Inc. (NYSE:HZO)

Empowered Funds LLC boosted its stake in MarineMax, Inc. (NYSE:HZO) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 22,479 shares of the specialty retailer’s stock after purchasing an additional 1,006 shares during the quarter. Empowered Funds LLC owned approximately 0.10% of MarineMax worth $651,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of MarineMax in the 3rd quarter valued at about $67,000. Point72 Asset Management L.P. purchased a new stake in shares of MarineMax in the 3rd quarter valued at about $143,000. Systematic Financial Management LP purchased a new stake in shares of MarineMax in the 3rd quarter valued at about $183,000. James Investment Research Inc. purchased a new stake in shares of MarineMax in the 3rd quarter valued at about $203,000. Finally, XTX Topco Ltd purchased a new stake in shares of MarineMax in the 3rd quarter valued at about $236,000. Institutional investors own 92.85% of the company’s stock.

MarineMax Price Performance

Shares of MarineMax stock opened at $28.49 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. The business’s 50 day simple moving average is $29.07 and its two-hundred day simple moving average is $30.62. The stock has a market capitalization of $647.03 million, a P/E ratio of 11.97 and a beta of 1.91. MarineMax, Inc. has a one year low of $22.51 and a one year 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, 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%. Analysts forecast that MarineMax, Inc. will post 2.45 EPS for the current year.

Insider Transactions at MarineMax

In related news, Director Clint Moore sold 4,100 shares of MarineMax stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $30.63, for a total transaction of $125,583.00. Following the sale, the director now directly owns 23,560 shares in the company, valued at $721,642.80. The trade was a 14.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of MarineMax stock in a transaction that occurred 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 sale, the chief accounting officer now owns 11,451 shares in the company, valued at $355,668.06. This represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

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