Levin Capital Strategies L.P. Grows Stock Position in MarineMax, Inc. (NYSE:HZO)

Levin Capital Strategies L.P. boosted its stake in shares of MarineMax, Inc. (NYSE:HZO) by 1.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 357,311 shares of the specialty retailer’s stock after buying an additional 4,480 shares during the period. Levin Capital Strategies L.P. owned approximately 1.57% of MarineMax worth $10,344,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Private Management Group Inc. raised its holdings in MarineMax by 11.5% during the 3rd quarter. Private Management Group Inc. now owns 534,023 shares of the specialty retailer’s stock valued at $18,835,000 after buying an additional 55,033 shares during the period. Royce & Associates LP raised its holdings in MarineMax by 45.2% during the 3rd quarter. Royce & Associates LP now owns 368,826 shares of the specialty retailer’s stock valued at $13,008,000 after buying an additional 114,880 shares during the period. Portolan Capital Management LLC purchased a new stake in MarineMax during the 3rd quarter valued at $11,271,000. Peregrine Capital Management LLC increased its stake in MarineMax by 30.8% in the fourth quarter. Peregrine Capital Management LLC now owns 154,605 shares of the specialty retailer’s stock worth $4,476,000 after purchasing an additional 36,411 shares during the period. Finally, Algert Global LLC purchased a new stake in MarineMax in the third quarter worth $4,949,000. Hedge funds and other institutional investors own 92.85% of the company’s stock.

MarineMax Price Performance

HZO opened at $25.39 on Friday. MarineMax, Inc. has a 12-month low of $22.51 and a 12-month high of $38.20. The company has a current ratio of 1.19, a quick ratio of 0.24 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $28.45 and its 200-day simple moving average is $30.45. The company has a market capitalization of $576.42 million, a price-to-earnings ratio of 10.67 and a beta of 1.91.

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

Insider Activity at MarineMax

In related news, Director Clint Moore sold 4,100 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $30.63, for a total transaction of $125,583.00. Following the sale, the director now owns 23,560 shares of the company’s stock, valued at $721,642.80. This trade represents a 14.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $31.06, for a total value of $124,240.00. Following the sale, the chief accounting officer now directly owns 11,451 shares in the company, valued at approximately $355,668.06. The trade was a 25.89 % decrease in their position. The disclosure for this sale can be found here. 4.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on HZO. DA Davidson reduced their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. Benchmark reiterated a “buy” rating and issued a $40.00 target price on shares of MarineMax in a research note on Friday, January 24th. Finally, B. Riley upgraded MarineMax to a “strong-buy” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.