MarineMax, Inc. (NYSE:HZO) Shares Bought by Invesco Ltd.

Invesco Ltd. lifted its position in shares of MarineMax, Inc. (NYSE:HZO) by 17.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 347,481 shares of the specialty retailer’s stock after buying an additional 51,352 shares during the period. Invesco Ltd. owned approximately 1.53% of MarineMax worth $10,060,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Wells Fargo & Company MN increased its stake in MarineMax by 12.7% during the fourth quarter. Wells Fargo & Company MN now owns 12,961 shares of the specialty retailer’s stock worth $375,000 after acquiring an additional 1,456 shares during the last quarter. Vanguard Group Inc. increased its position in MarineMax by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 1,494,999 shares of the specialty retailer’s stock worth $43,280,000 after purchasing an additional 20,909 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in MarineMax during the 4th quarter worth approximately $113,000. Sei Investments Co. raised its holdings in MarineMax by 19.5% in the fourth quarter. Sei Investments Co. now owns 339,291 shares of the specialty retailer’s stock valued at $9,822,000 after buying an additional 55,259 shares during the period. Finally, American Century Companies Inc. lifted its position in MarineMax by 2.8% during the fourth quarter. American Century Companies Inc. now owns 2,032,468 shares of the specialty retailer’s stock valued at $58,840,000 after buying an additional 55,592 shares in the last quarter. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Trading Up 6.6 %

Shares of HZO opened at $19.55 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.24 and a current ratio of 1.19. MarineMax, Inc. has a one year low of $16.85 and a one year high of $38.20. The stock has a 50-day moving average price of $22.69 and a 200 day moving average price of $27.47. The company has a market capitalization of $443.81 million, a P/E ratio of 8.21 and a beta of 1.83.

MarineMax (NYSE:HZO) last released its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. Sell-side analysts forecast that MarineMax, Inc. will post 2.41 EPS for the current fiscal year.

Insider Transactions at MarineMax

In other MarineMax news, Director Clint Moore sold 4,100 shares of the business’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 completion of the sale, the director now owns 23,560 shares in the company, valued at $721,642.80. The trade was a 14.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of MarineMax 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 transaction, the chief accounting officer now directly owns 11,451 shares of the company’s stock, valued at $355,668.06. This trade represents a 25.89 % 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.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented 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. Truist Financial cut their price objective on MarineMax from $38.00 to $26.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Benchmark reaffirmed a “buy” rating and issued a $40.00 target price on shares of MarineMax in a research report on Friday, January 24th. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a report on Friday, January 24th. Finally, B. Riley raised MarineMax to a “strong-buy” rating in a research report on Wednesday, February 12th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MarineMax has an average rating of “Buy” and a consensus target price of $38.50.

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.