7,441 Shares in MarineMax, Inc. (NYSE:HZO) Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in MarineMax, Inc. (NYSE:HZO) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,441 shares of the specialty retailer’s stock, valued at approximately $215,000.

Other hedge funds have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of MarineMax in the third quarter valued at approximately $67,000. Point72 Asset Management L.P. bought a new stake in MarineMax during the 3rd quarter worth approximately $143,000. Systematic Financial Management LP acquired a new position in MarineMax in the 3rd quarter valued at approximately $183,000. XTX Topco Ltd bought a new position in shares of MarineMax during the third quarter valued at $236,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of 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 purchasing an additional 905 shares during the period. 92.85% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on HZO shares. DA Davidson decreased their price objective on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, January 22nd. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. B. Riley upgraded MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th. Finally, Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of MarineMax in a report on Friday, January 24th. One investment 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $41.50.

MarineMax Stock Performance

HZO stock opened at $23.27 on Wednesday. The firm has a market cap of $528.39 million, a PE ratio of 9.78 and a beta of 1.91. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. The stock has a 50-day moving average price of $28.27 and a 200-day moving average price of $30.36. MarineMax, Inc. has a 1-year low of $22.51 and a 1-year high of $38.20.

MarineMax (NYSE:HZO) last issued its earnings results 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%. As a group, equities research analysts expect that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Insider Activity at MarineMax

In other MarineMax news, Director Clint Moore sold 4,100 shares of the firm’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 of the company’s stock, valued at approximately $721,642.80. This trade represents a 14.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business’s 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 of the company’s stock, 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.

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.