Raymond James Financial Services Advisors Inc. Trims Stake in MarineMax, Inc. (NYSE:HZO)

Raymond James Financial Services Advisors Inc. cut its stake in MarineMax, Inc. (NYSE:HZO) by 41.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,392 shares of the specialty retailer’s stock after selling 10,834 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in MarineMax were worth $599,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of HZO. Deutsche Bank AG boosted its holdings in shares of MarineMax by 8.7% during the 3rd quarter. Deutsche Bank AG now owns 10,417 shares of the specialty retailer’s stock valued at $342,000 after buying an additional 838 shares in the last quarter. Comerica Bank lifted its position in MarineMax by 420.1% during the 3rd quarter. Comerica Bank now owns 9,128 shares of the specialty retailer’s stock valued at $300,000 after acquiring an additional 7,373 shares during the period. Tudor Investment Corp Et Al bought a new stake in MarineMax during the third quarter worth about $1,803,000. GSA Capital Partners LLP purchased a new stake in MarineMax in the third quarter worth about $498,000. Finally, Sei Investments Co. increased its stake in shares of MarineMax by 2.2% during the third quarter. Sei Investments Co. now owns 297,214 shares of the specialty retailer’s stock valued at $9,755,000 after purchasing an additional 6,349 shares in the last quarter. 92.85% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Clint Moore sold 4,000 shares of MarineMax stock in a transaction on Monday, March 11th. The stock was sold at an average price of $31.12, for a total value of $124,480.00. Following the completion of the sale, the director now owns 20,544 shares of the company’s stock, valued at $639,329.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Charles A. Cashman sold 7,500 shares of MarineMax stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $29.76, for a total transaction of $223,200.00. Following the transaction, the executive vice president now owns 63,981 shares in the company, valued at approximately $1,904,074.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Clint Moore sold 4,000 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $31.12, for a total value of $124,480.00. Following the completion of the sale, the director now owns 20,544 shares of the company’s stock, valued at $639,329.28. The disclosure for this sale can be found here. 4.00% of the stock is currently owned by insiders.

MarineMax Price Performance

Shares of NYSE HZO opened at $26.69 on Friday. The firm has a market cap of $595.19 million, a P/E ratio of 6.61 and a beta of 1.69. MarineMax, Inc. has a twelve month low of $25.60 and a twelve month high of $42.88. The company has a quick ratio of 0.35, a current ratio of 1.28 and a debt-to-equity ratio of 0.41. The company has a 50 day moving average of $30.79 and a 200 day moving average of $31.66.

MarineMax (NYSE:HZO) last posted its earnings results on Thursday, January 25th. The specialty retailer reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.37). The business had revenue of $527.30 million during the quarter, compared to the consensus estimate of $524.76 million. MarineMax had a return on equity of 10.44% and a net margin of 3.75%. The firm’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.24 EPS. As a group, research analysts expect that MarineMax, Inc. will post 3.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. DA Davidson reissued a “buy” rating and issued a $34.00 price target on shares of MarineMax in a research report on Friday, March 15th. StockNews.com downgraded MarineMax from a “hold” rating to a “sell” rating in a report on Saturday, January 27th. Finally, Truist Financial raised their price target on MarineMax from $40.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

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.