Rhumbline Advisers Has $2.06 Million Stock Position in MarineMax, Inc. (NYSE:HZO)

Rhumbline Advisers cut its stake in shares of MarineMax, Inc. (NYSE:HZO) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 71,160 shares of the specialty retailer’s stock after selling 1,403 shares during the period. Rhumbline Advisers owned 0.31% of MarineMax worth $2,060,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Empowered Funds LLC increased its holdings in shares of MarineMax by 4.7% during the 4th quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock worth $651,000 after acquiring an additional 1,006 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new position in MarineMax in the 4th quarter valued at $510,000. Oliver Luxxe Assets LLC acquired a new position in shares of MarineMax in the 4th quarter valued at approximately $1,316,000. JPMorgan Chase & Co. raised its holdings in shares of MarineMax by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock worth $413,000 after buying an additional 905 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of MarineMax during the 3rd quarter valued at approximately $236,000. 92.85% of the stock is currently owned by institutional investors.

MarineMax Price Performance

MarineMax stock opened at $24.50 on Tuesday. The company’s 50 day moving average price is $28.37 and its two-hundred day moving average price is $30.42. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. MarineMax, Inc. has a 52 week low of $22.51 and a 52 week high of $38.20. The stock has a market cap of $556.32 million, a P/E ratio of 10.29 and a beta of 1.91.

MarineMax (NYSE:HZO) last announced its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. On average, equities analysts predict that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Insider Activity

In other news, Director Clint Moore sold 4,100 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $30.63, for a total value of $125,583.00. Following the sale, the director now directly owns 23,560 shares of the company’s stock, valued at approximately $721,642.80. This represents a 14.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $31.06, for a total transaction of $124,240.00. Following the completion of 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. Insiders own 4.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on HZO. B. Riley raised MarineMax to a “strong-buy” rating in a report on Wednesday, February 12th. Benchmark reissued a “buy” rating and issued a $40.00 price target on shares of MarineMax in a research note on Friday, January 24th. StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Finally, 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. One equities research analyst has rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $41.50.

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.