Bank of New York Mellon Corp Sells 28,896 Shares of MarineMax, Inc. (NYSE:HZO)

Bank of New York Mellon Corp lowered its position in shares of MarineMax, Inc. (NYSE:HZO) by 17.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 134,792 shares of the specialty retailer’s stock after selling 28,896 shares during the period. Bank of New York Mellon Corp owned about 0.59% of MarineMax worth $3,902,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in HZO. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of MarineMax during the third quarter valued at approximately $67,000. Point72 Asset Management L.P. bought a new stake in MarineMax during the 3rd quarter valued at $143,000. Systematic Financial Management LP purchased a new position in shares of MarineMax in the 3rd quarter valued at $183,000. XTX Topco Ltd bought a new position in shares of MarineMax in the 3rd quarter worth $236,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of MarineMax in the 4th quarter worth $215,000. 92.85% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. StockNews.com raised MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. DA Davidson lowered their price target on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Benchmark reiterated a “buy” rating and set a $40.00 price objective on shares of MarineMax in a research note on Friday, January 24th. Finally, B. Riley raised shares of MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $41.50.

Insider Transactions at MarineMax

In other MarineMax news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the company’s 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 completion of the transaction, the chief accounting officer now directly owns 11,451 shares in the company, valued at approximately $355,668.06. This represents a 25.89 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Clint Moore sold 4,100 shares of the 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 directly owns 23,560 shares in the company, valued at approximately $721,642.80. The trade was a 14.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 4.00% of the company’s stock.

MarineMax Stock Performance

NYSE HZO opened at $23.17 on Wednesday. MarineMax, Inc. has a fifty-two week low of $22.08 and a fifty-two week high of $38.20. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. The firm has a market capitalization of $526.08 million, a P/E ratio of 9.73 and a beta of 1.94. The stock has a 50-day simple moving average of $27.32 and a two-hundred day simple moving average of $29.81.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, beating 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, equities analysts forecast that MarineMax, Inc. will post 2.41 earnings per share for the current year.

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.