Russell Investments Group Ltd. lifted its stake in MarineMax, Inc. (NYSE:HZO – Get Rating) by 22.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,093 shares of the specialty retailer’s stock after acquiring an additional 8,500 shares during the period. Russell Investments Group Ltd. owned 0.22% of MarineMax worth $1,470,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Fox Run Management L.L.C. bought a new position in shares of MarineMax in the 4th quarter worth $285,000. GMT Capital Corp purchased a new stake in MarineMax in the fourth quarter valued at about $6,481,000. Fisher Asset Management LLC purchased a new stake in MarineMax in the fourth quarter valued at about $1,513,000. SG Americas Securities LLC purchased a new stake in MarineMax in the fourth quarter valued at about $390,000. Finally, ARGI Investment Services LLC raised its stake in MarineMax by 13.7% in the fourth quarter. ARGI Investment Services LLC now owns 90,898 shares of the specialty retailer’s stock valued at $2,838,000 after buying an additional 10,927 shares during the last quarter. 95.93% of the stock is owned by institutional investors.
MarineMax Stock Up 2.9 %
Shares of HZO stock opened at $29.01 on Wednesday. The stock has a 50 day moving average of $27.86 and a 200 day moving average of $30.79. The company has a current ratio of 1.30, a quick ratio of 0.42 and a debt-to-equity ratio of 0.48. The stock has a market cap of $633.87 million, a P/E ratio of 4.06 and a beta of 1.45. MarineMax, Inc. has a twelve month low of $25.60 and a twelve month high of $44.03.
Insider Activity at MarineMax
In related news, EVP Charles A. Cashman sold 10,000 shares of MarineMax stock in a transaction that occurred on Friday, February 24th. The stock was sold at an average price of $34.92, for a total transaction of $349,200.00. Following the completion of the transaction, the executive vice president now directly owns 35,499 shares in the company, valued at $1,239,625.08. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.30% of the stock is owned by company insiders.
Analyst Ratings Changes
A number of research firms have commented on HZO. B. Riley decreased their price target on MarineMax from $52.00 to $48.00 in a research note on Friday, April 28th. Citigroup decreased their price target on MarineMax from $39.00 to $35.00 and set a “neutral” rating for the company in a research note on Friday, January 27th. DA Davidson decreased their price target on MarineMax from $38.00 to $37.00 in a research note on Monday, May 1st. Raymond James reduced their price objective on MarineMax from $40.00 to $30.00 in a research note on Friday, April 28th. Finally, StockNews.com initiated coverage on MarineMax in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $39.17.
MarineMax Company Profile
MarineMax, Inc engages in the provision of boating-related activities. The firm sells used and new sport boats, sport cruisers, sport yachts and fishing boats through retail stores. It also provides maintenance, repair, slip and storage services. The company was founded in January 1998 and is headquartered in Clearwater, FL.
- Get a free copy of the StockNews.com research report on MarineMax (HZO)
- Airline ETFs: What They Are and How to Invest
- Williams-Sonoma Is The Retail Value Play, Here’s Why
- Ladder Corporation: Climbing Higher And Paying 9% Yield
- Microbot Medical spikes 150% on its Endovascular Surgical Robot
- PetMed Express: Charts Say This Could Be The Bottom
Want to see what other hedge funds are holding HZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarineMax, Inc. (NYSE:HZO – Get Rating).
Receive News & Ratings for MarineMax Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax and related companies with MarketBeat.com's FREE daily email newsletter.