Principal Financial Group Inc. Has $2.79 Million Position in MarineMax, Inc. (NYSE:HZO)

Principal Financial Group Inc. boosted its holdings in MarineMax, Inc. (NYSE:HZO) by 4.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,504 shares of the specialty retailer’s stock after buying an additional 3,779 shares during the quarter. Principal Financial Group Inc. owned approximately 0.42% of MarineMax worth $2,794,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its stake in shares of MarineMax by 4.7% in the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock valued at $651,000 after acquiring an additional 1,006 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new stake in MarineMax in the 4th quarter valued at about $510,000. Oliver Luxxe Assets LLC bought a new stake in shares of MarineMax during the fourth quarter valued at about $1,316,000. JPMorgan Chase & Co. increased its position 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 valued at $413,000 after buying an additional 905 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of MarineMax during the third quarter valued at about $236,000. Institutional investors own 92.85% of the company’s stock.

MarineMax Stock Down 4.9 %

Shares of HZO stock opened at $23.27 on Wednesday. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a 12 month low of $22.51 and a 12 month high of $38.20. The stock has a market cap of $528.39 million, a P/E ratio of 9.78 and a beta of 1.91. The company has a 50 day simple moving average of $28.27 and a two-hundred day simple moving average of $30.36.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share 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%. On average, research analysts expect that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Insider Transactions at MarineMax

In related news, CAO Anthony E. Jr. Cassella sold 4,000 shares of MarineMax stock in a transaction on 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 owns 11,451 shares in the company, valued at approximately $355,668.06. The trade was a 25.89 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Clint Moore sold 4,100 shares of MarineMax stock in a transaction on 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 in the company, valued at approximately $721,642.80. This trade represents a 14.82 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Benchmark reissued a “buy” rating and set a $40.00 price objective on shares of MarineMax in a report on Friday, January 24th. B. Riley upgraded MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. 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. Finally, StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating 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 company. Based on data from MarketBeat.com, MarineMax presently has a consensus rating of “Buy” and an average price target of $41.50.

MarineMax 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.