JPMorgan Chase & Co. Boosts Stock Holdings in MarineMax, Inc. (NYSE:HZO)

JPMorgan Chase & Co. grew its stake in shares of MarineMax, Inc. (NYSE:HZO) by 8.4% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 11,705 shares of the specialty retailer’s stock after buying an additional 905 shares during the quarter. JPMorgan Chase & Co.’s holdings in MarineMax were worth $413,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. The Manufacturers Life Insurance Company grew its position in MarineMax by 5.2% during the second quarter. The Manufacturers Life Insurance Company now owns 8,251 shares of the specialty retailer’s stock valued at $267,000 after acquiring an additional 408 shares during the period. Bfsg LLC lifted its stake in shares of MarineMax by 19.1% in the 3rd quarter. Bfsg LLC now owns 4,248 shares of the specialty retailer’s stock valued at $150,000 after purchasing an additional 681 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of MarineMax by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 21,473 shares of the specialty retailer’s stock worth $757,000 after purchasing an additional 1,072 shares during the period. Janus Henderson Group PLC increased its position in MarineMax by 7.0% during the 3rd quarter. Janus Henderson Group PLC now owns 20,066 shares of the specialty retailer’s stock worth $707,000 after purchasing an additional 1,319 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in MarineMax in the third quarter valued at approximately $67,000. 92.85% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HZO shares. Benchmark reissued a “buy” rating and issued a $40.00 price objective 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, DA Davidson reduced their price objective on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $41.50.

MarineMax Price Performance

HZO opened at $29.26 on Thursday. MarineMax, Inc. has a twelve month low of $22.51 and a twelve month high of $38.20. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. The firm has a market cap of $664.43 million, a price-to-earnings ratio of 17.73 and a beta of 1.89. The company has a fifty day simple moving average of $29.67 and a 200 day simple moving average of $31.13.

MarineMax (NYSE:HZO) last announced its 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 5.09% and a net margin of 1.57%. Equities research analysts expect that MarineMax, Inc. will post 2.25 EPS for the current fiscal year.

Insider Buying and Selling at MarineMax

In other news, CAO Anthony E. Jr. Cassella sold 4,000 shares of MarineMax stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $31.06, for a total value of $124,240.00. Following the completion of the transaction, the chief accounting officer now owns 11,451 shares in the company, valued at approximately $355,668.06. This trade represents a 25.89 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Clint Moore sold 4,100 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $30.63, for a total value of $125,583.00. Following the completion of 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 disclosure for this sale can be found here. 4.00% of the stock is currently owned by corporate insiders.

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.