Raymond James Financial Inc. Makes New $572,000 Investment in MarineMax, Inc. (NYSE:HZO)

Raymond James Financial Inc. purchased a new stake in shares of MarineMax, Inc. (NYSE:HZO) during the 4th quarter, Holdings Channel.com reports. The fund purchased 19,742 shares of the specialty retailer’s stock, valued at approximately $572,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Smartleaf Asset Management LLC lifted its holdings in MarineMax by 211.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock worth $43,000 after buying an additional 1,058 shares in the last quarter. US Bancorp DE lifted its stake in shares of MarineMax by 49.6% during the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock valued at $51,000 after acquiring an additional 585 shares during the period. Point72 Asset Management L.P. bought a new position in MarineMax in the third quarter valued at about $143,000. Y Intercept Hong Kong Ltd acquired a new stake in MarineMax in the fourth quarter worth about $215,000. Finally, XTX Topco Ltd bought a new stake in MarineMax during the 3rd quarter worth about $236,000. Institutional investors and hedge funds own 92.85% of the company’s stock.

MarineMax Trading Down 2.4 %

HZO opened at $18.46 on Tuesday. MarineMax, Inc. has a twelve month low of $17.61 and a twelve month high of $38.20. The firm has a market cap of $419.06 million, a PE ratio of 7.75 and a beta of 1.83. 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’s fifty day moving average is $25.59 and its two-hundred day moving average is $28.80.

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

Insider Activity

In related news, Director Clint Moore sold 4,100 shares of the firm’s 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 sale, the director now directly owns 23,560 shares in the company, valued at $721,642.80. This trade represents a 14.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the company’s 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 disclosure for this sale can be found here. 4.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have recently commented on HZO. B. Riley upgraded shares of MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th. Benchmark reaffirmed a “buy” rating and set a $40.00 target price on shares of MarineMax in a report on Friday, January 24th. DA Davidson cut their price target on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Finally, StockNews.com raised MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. One investment 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 currently has an average rating of “Buy” and a consensus price target of $41.50.

MarineMax Company 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.