Victory Capital Management Inc. Reduces Position in MarineMax, Inc. (NYSE:HZO)

Victory Capital Management Inc. lessened its position in shares of MarineMax, Inc. (NYSE:HZO) by 10.4% during the fourth quarter, according to its most recent 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 quarter. Victory Capital Management Inc.’s holdings in MarineMax were worth $3,358,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in HZO. Portolan Capital Management LLC purchased a new position in MarineMax during the 3rd quarter worth approximately $11,271,000. Algert Global LLC acquired a new stake in MarineMax during the 3rd quarter worth approximately $4,949,000. Concentric Capital Strategies LP acquired a new stake in MarineMax during the 3rd quarter worth approximately $4,832,000. Royce & Associates LP lifted its position in MarineMax by 45.2% during the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock worth $13,008,000 after acquiring an additional 114,880 shares during the period. Finally, Oliver Luxxe Assets LLC acquired a new stake in MarineMax during the 4th quarter worth approximately $1,316,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In related news, CAO Anthony E. Jr. Cassella sold 4,000 shares of MarineMax 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 of the company’s stock, valued at approximately $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Clint Moore sold 4,100 shares of MarineMax stock in a transaction on 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 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 disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

MarineMax Stock Down 0.0 %

HZO 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 business has a 50 day simple moving average of $27.50 and a 200-day simple moving average of $29.93. The stock has a market capitalization of $516.79 million, a P/E ratio of 9.56 and a beta of 1.94. MarineMax, Inc. has a 12 month low of $22.08 and a 12 month high of $38.20.

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

MarineMax 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.