New York State Teachers Retirement System Sells 2,440 Shares of MarineMax, Inc. (NYSE:HZO)

New York State Teachers Retirement System reduced its position in MarineMax, Inc. (NYSE:HZO) by 6.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,911 shares of the specialty retailer’s stock after selling 2,440 shares during the period. New York State Teachers Retirement System owned 0.15% of MarineMax worth $1,011,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. acquired a new stake in MarineMax in the 3rd quarter worth approximately $67,000. Point72 Asset Management L.P. acquired a new stake in MarineMax in the 3rd quarter worth approximately $143,000. Systematic Financial Management LP acquired a new stake in MarineMax in the 3rd quarter worth approximately $183,000. James Investment Research Inc. acquired a new stake in MarineMax in the 3rd quarter worth approximately $203,000. Finally, XTX Topco Ltd acquired a new stake in MarineMax in the 3rd quarter worth approximately $236,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

MarineMax Price Performance

NYSE:HZO opened at $26.69 on Monday. The firm has a market cap of $606.12 million, a price-to-earnings ratio of 11.22 and a beta of 1.91. The company has a 50 day moving average price of $28.82 and a 200-day moving average price of $30.54. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. MarineMax, Inc. has a 1-year low of $22.51 and a 1-year high of $38.20.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. Equities research analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on HZO. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. B. Riley raised shares of MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th. Benchmark reissued a “buy” rating and set a $40.00 price target on shares of MarineMax in a research report on Friday, January 24th. Finally, DA Davidson reduced their price target 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 investment analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $41.50.

Insiders Place Their Bets

In other news, Director Clint Moore sold 4,100 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $30.63, for a total transaction of $125,583.00. Following the transaction, the director now owns 23,560 shares of the company’s stock, valued at approximately $721,642.80. The trade was a 14.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $31.06, for a total transaction of $124,240.00. Following the transaction, the chief accounting officer now directly owns 11,451 shares in the company, valued at approximately $355,668.06. The trade was a 25.89 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

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.