Vanguard Group Inc. Acquires 20,909 Shares of MarineMax, Inc. (NYSE:HZO)

Vanguard Group Inc. boosted its holdings in MarineMax, Inc. (NYSE:HZO - Free Report) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,494,999 shares of the specialty retailer's stock after purchasing an additional 20,909 shares during the period. Vanguard Group Inc. owned about 6.58% of MarineMax worth $43,280,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. American Century Companies Inc. raised its holdings in MarineMax by 2.8% in the fourth quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer's stock valued at $58,840,000 after acquiring an additional 55,592 shares in the last quarter. Royce & Associates LP grew its stake in MarineMax by 11.7% in the fourth quarter. Royce & Associates LP now owns 412,156 shares of the specialty retailer's stock worth $11,932,000 after purchasing an additional 43,330 shares in the last quarter. Levin Capital Strategies L.P. increased its holdings in MarineMax by 1.3% in the fourth quarter. Levin Capital Strategies L.P. now owns 357,311 shares of the specialty retailer's stock valued at $10,344,000 after buying an additional 4,480 shares during the last quarter. Sei Investments Co. increased its holdings in shares of MarineMax by 19.5% in the 4th quarter. Sei Investments Co. now owns 339,291 shares of the specialty retailer's stock valued at $9,822,000 after acquiring an additional 55,259 shares during the last quarter. Finally, Peregrine Capital Management LLC increased its stake in MarineMax by 30.8% during the fourth quarter. Peregrine Capital Management LLC now owns 154,605 shares of the specialty retailer's stock valued at $4,476,000 after purchasing an additional 36,411 shares during the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HZO shares. Benchmark reissued a "buy" rating and issued a $40.00 target price on shares of MarineMax in a report on Friday, January 24th. B. Riley upgraded MarineMax to a "strong-buy" rating in a research note on Wednesday, February 12th. Truist Financial reduced their price target on shares of MarineMax from $38.00 to $26.00 and set a "buy" rating for the company in a report on Monday. StockNews.com upgraded 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 assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, MarineMax has a consensus rating of "Buy" and a consensus price target of $38.50.

Insider Activity at MarineMax

In other news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the company's stock in a transaction dated 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 sale, the chief accounting officer now owns 11,451 shares in the company, valued at approximately $355,668.06. This represents a 25.89 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Clint Moore sold 4,100 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were 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 trade represents a 14.82 % decrease in their position. The disclosure for this sale can be found here. Insiders own 4.00% of the company's stock.

MarineMax Price Performance

NYSE:HZO traded down $0.04 during mid-day trading on Thursday, reaching $18.05. 67,008 shares of the stock were exchanged, compared to its average volume of 336,100. MarineMax, Inc. has a 1-year low of $16.85 and a 1-year high of $38.20. 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 firm has a market capitalization of $409.75 million, a PE ratio of 7.59 and a beta of 1.83. The business has a fifty day moving average price of $23.58 and a 200 day moving average price of $27.91.

MarineMax (NYSE:HZO - Get Free Report) last issued its earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. Research analysts expect that MarineMax, Inc. will post 2.41 earnings per share for the current fiscal 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.