Anthony E. Jr. Cassella Sells 4,000 Shares of MarineMax, Inc. (NYSE:HZO) Stock

MarineMax, Inc. (NYSE:HZO) CAO Anthony E. Jr. Cassella sold 4,000 shares of the company’s stock in a transaction dated 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 sale, the chief accounting officer now owns 11,451 shares in the company, valued at approximately $355,668.06. This trade represents a 25.89 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

MarineMax Price Performance

NYSE HZO opened at $30.43 on Friday. The company has a 50-day moving average price of $29.68 and a two-hundred day moving average price of $31.11. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. The stock has a market cap of $690.41 million, a price-to-earnings ratio of 18.44 and a beta of 1.89. MarineMax, Inc. has a 52 week low of $22.51 and a 52 week high of $38.20.

MarineMax (NYSE:HZO) last posted its quarterly earnings data 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 1.57% and a return on equity of 5.09%. Analysts forecast that MarineMax, Inc. will post 2.25 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HZO shares. DA Davidson cut their target price on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. StockNews.com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Finally, Benchmark reiterated a “buy” rating and set a $40.00 price objective on shares of MarineMax in a research note on Friday, January 24th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $41.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Empowered Funds LLC boosted its holdings in MarineMax by 4.7% during the fourth quarter. Empowered Funds LLC now owns 22,479 shares of the specialty retailer’s stock worth $651,000 after buying an additional 1,006 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new stake in MarineMax during the fourth quarter worth approximately $510,000. Oliver Luxxe Assets LLC bought a new stake in MarineMax during the fourth quarter worth approximately $1,316,000. JPMorgan Chase & Co. boosted its holdings in MarineMax by 8.4% during the third 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 MarineMax during the third quarter worth approximately $236,000. 92.85% of the stock is currently owned by institutional investors.

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.