Tower Research Capital LLC TRC Buys 7,402 Shares of MarineMax, Inc. (NYSE:HZO)

Tower Research Capital LLC TRC lifted its position in MarineMax, Inc. (NYSE:HZO – Get Rating) by 847.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,275 shares of the specialty retailer’s stock after purchasing an additional 7,402 shares during the quarter. Tower Research Capital LLC TRC’s holdings in MarineMax were worth $247,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Millennium Management LLC raised its holdings in shares of MarineMax by 58.2% during the 2nd quarter. Millennium Management LLC now owns 310,900 shares of the specialty retailer’s stock worth $11,230,000 after acquiring an additional 114,397 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in MarineMax by 279.5% during the second quarter. Cubist Systematic Strategies LLC now owns 153,142 shares of the specialty retailer’s stock valued at $5,531,000 after purchasing an additional 112,792 shares during the last quarter. ExodusPoint Capital Management LP purchased a new position in shares of MarineMax in the 2nd quarter worth $2,441,000. JPMorgan Chase & Co. increased its holdings in shares of MarineMax by 166.2% in the 1st quarter. JPMorgan Chase & Co. now owns 99,900 shares of the specialty retailer’s stock worth $4,022,000 after buying an additional 62,369 shares during the last quarter. Finally, UBS Group AG raised its position in shares of MarineMax by 136.6% during the 2nd quarter. UBS Group AG now owns 105,131 shares of the specialty retailer’s stock valued at $3,798,000 after buying an additional 60,696 shares in the last quarter. 95.93% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MarineMax news, EVP Charles A. Cashman sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $34.92, for a total transaction of $349,200.00. Following the transaction, the executive vice president now owns 35,499 shares of the company’s stock, valued at approximately $1,239,625.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Charles A. Cashman sold 10,000 shares of MarineMax stock in a transaction on Friday, February 24th. The stock was sold at an average price of $34.92, for a total value of $349,200.00. Following the transaction, the executive vice president now directly owns 35,499 shares in the company, valued at approximately $1,239,625.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Anthony E. Jr. Cassella sold 5,000 shares of the company’s stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $31.02, for a total value of $155,100.00. Following the sale, the chief accounting officer now owns 8,060 shares of the company’s stock, valued at $250,021.20. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

MarineMax Price Performance

Want More Great Investing Ideas?

MarineMax stock opened at $34.16 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.35 and a quick ratio of 0.41. The stock has a market cap of $746.40 million, a price-to-earnings ratio of 4.19 and a beta of 1.48. The firm has a 50-day moving average of $32.50 and a two-hundred day moving average of $32.68. MarineMax, Inc. has a 1 year low of $27.40 and a 1 year high of $47.36.

MarineMax (NYSE:HZO – Get Rating) last released its quarterly earnings data on Thursday, January 26th. The specialty retailer reported $1.24 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.27). MarineMax had a return on equity of 25.61% and a net margin of 7.76%. The firm had revenue of $507.90 million for the quarter, compared to analysts’ expectations of $509.59 million. During the same quarter in the previous year, the business earned $1.59 earnings per share. The company’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, research analysts forecast that MarineMax, Inc. will post 6.81 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on HZO. B. Riley upgraded MarineMax from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $53.00 to $52.00 in a research report on Tuesday, February 21st. Stifel Nicolaus started coverage on MarineMax in a report on Wednesday, December 14th. They set a “buy” rating and a $40.00 price target on the stock. DA Davidson dropped their price objective on shares of MarineMax from $44.00 to $42.00 and set a “buy” rating for the company in a research note on Monday, January 30th. Raymond James reduced their target price on shares of MarineMax from $55.00 to $40.00 and set an “outperform” rating on the stock in a research note on Friday, January 27th. Finally, Citigroup cut their price target on shares of MarineMax from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Friday, January 27th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.33.

MarineMax Company Profile

(Get Rating)

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.