MarineMax, Inc. (NYSE:HZO) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in MarineMax, Inc. (NYSE:HZO) by 10.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,991 shares of the specialty retailer’s stock after selling 13,425 shares during the period. Victory Capital Management Inc. owned approximately 0.51% of MarineMax worth $3,358,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of HZO. Smartleaf Asset Management LLC lifted its stake in shares of MarineMax by 211.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock valued at $43,000 after purchasing an additional 1,058 shares during the last quarter. US Bancorp DE lifted its stake 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. acquired a new position in MarineMax during the 3rd quarter worth about $67,000. Point72 Asset Management L.P. acquired a new position in MarineMax during the 3rd quarter worth about $143,000. Finally, Systematic Financial Management LP acquired a new position in MarineMax during the 3rd quarter worth about $183,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

Wall Street Analyst Weigh In

HZO has been the topic of several research reports. Benchmark reissued a “buy” rating and set a $40.00 target price on shares of MarineMax in a research note on Friday, January 24th. B. Riley raised MarineMax to a “strong-buy” rating in a research note on Wednesday, February 12th. StockNews.com raised MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Finally, DA Davidson reduced their price target on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. One research 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. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $41.50.

MarineMax Price Performance

HZO stock opened at $22.76 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. The firm has a market capitalization of $516.79 million, a P/E ratio of 9.56 and a beta of 1.94. The business’s 50-day moving average is $27.50 and its two-hundred day moving average is $29.93. MarineMax, Inc. has a 1 year low of $22.08 and a 1 year high of $38.20.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, beating 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%. Analysts anticipate that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Clint Moore sold 4,100 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.63, for a total value of $125,583.00. Following the transaction, the director now owns 23,560 shares in the company, valued at approximately $721,642.80. This represents a 14.82 % decrease in their position. The transaction 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 stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $31.06, for a total value of $124,240.00. Following the completion of 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 disclosure for this sale can be found here. Company insiders own 4.00% of the company’s stock.

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.