MarineMax, Inc. (NYSE:HZO) Holdings Raised by Sei Investments Co.

Sei Investments Co. increased its stake in shares of MarineMax, Inc. (NYSE:HZO) by 19.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 339,291 shares of the specialty retailer’s stock after buying an additional 55,259 shares during the quarter. Sei Investments Co. owned about 1.49% of MarineMax worth $9,822,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its holdings in MarineMax by 211.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock worth $43,000 after buying an additional 1,058 shares in the last quarter. US Bancorp DE boosted its position in MarineMax by 49.6% during the 4th quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $51,000 after acquiring an additional 585 shares during the period. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of MarineMax in the third quarter worth $67,000. Quantbot Technologies LP acquired a new position in shares of MarineMax during the fourth quarter valued at $129,000. Finally, Point72 Asset Management L.P. bought a new stake in shares of MarineMax during the third quarter valued at about $143,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

Insider Buying and Selling

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 sale, the director now owns 23,560 shares of the company’s stock, valued at $721,642.80. This trade represents a 14.82 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $31.06, for a total value of $124,240.00. Following the transaction, the chief accounting officer now owns 11,451 shares of the company’s stock, valued at approximately $355,668.06. This trade represents a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

MarineMax Price Performance

HZO opened at $22.03 on Monday. MarineMax, Inc. has a 1 year low of $21.64 and a 1 year high of $38.20. The stock has a fifty day moving average price of $26.71 and a 200 day moving average price of $29.40. 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 market cap of $500.28 million, a price-to-earnings ratio of 9.26 and a beta of 1.94.

MarineMax (NYSE:HZO) last posted its 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%. Analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HZO shares. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. DA Davidson cut their price objective on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. B. Riley upgraded MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. Finally, Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of MarineMax in a report on Friday, January 24th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average 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.