1 week Ago By Defense World Staff
Corebridge Financial Inc. cut its position in shares of MarineMax, Inc. (NYSE:HZO – Free Report) by 7.
2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,442 shares of the specialty retailer’s stock after selling 882 shares during the period. Corebridge Financial Inc.
owned about 0.05% of MarineMax worth $331,000 at the end of the most recent reporting period. A number of other large investors have also modified their holdings of HZO.
Smartleaf Asset Management LLC raised its stake in shares of MarineMax by 211.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,558 shares of the specialty retailer’s stock valued at $43,000 after buying an additional 1,058 shares in the last quarter.
US Bancorp DE raised its position in MarineMax by 49.6% in the fourth quarter. US Bancorp DE now owns 1,764 shares of the specialty retailer’s stock worth $51,000 after purchasing an additional 585 shares in the last quarter.
KLP Kapitalforvaltning AS bought a new position in MarineMax during the fourth quarter worth about $113,000. Point72 Asset Management L.P.
acquired a new stake in MarineMax during the third quarter valued at approximately $143,000. Finally, Quantbot Technologies LP bought a new stake in shares of MarineMax in the 4th quarter valued at approximately $129,000. 92.
85% of the stock is currently owned by institutional investors and hedge funds. MarineMax Stock PerformanceMarineMax stock opened at $19.44 on Friday.
The stock has a 50-day simple moving average of $24.53 and a 200 day simple moving average of $28.32.
The stock has a market capitalization of $441.40 million, a price-to-earnings ratio of 8.17 and a beta of 1.
83. The company has a quick ratio of 0.24, a current ratio of 1.
19 and a debt-to-equity ratio of 0.35. MarineMax, Inc.
has a 12-month low of $17.61 and a 12-month high of $38.20.
MarineMax (NYSE:HZO – Get Free Report) 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 net margin of 2.
33% and a return on equity of 4.96%. On average, research analysts anticipate that MarineMax, Inc.
will post 2.41 earnings per share for the current fiscal year. Insider ActivityIn other MarineMax 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 transaction, the director now owns 23,560 shares in the company, valued at approximately $721,642.80. This trade represents a 14.
82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $124,240.00. Following the transaction, the chief accounting officer now directly owns 11,451 shares in the company, valued at $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 currently owned by insiders.
Wall Street Analysts Forecast GrowthSeveral research firms recently commented on HZO. Benchmark restated a “buy” rating and set a $40.00 target price on shares of MarineMax in a research report on Friday, January 24th.
B. Riley upgraded shares of MarineMax to a “strong-buy” rating in a research note on Wednesday, February 12th. StockNews.
com upgraded shares of MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Finally, DA Davidson reduced their price target on shares of MarineMax from $38.00 to $35.
00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. One investment analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, MarineMax presently has a consensus rating of “Buy” and a consensus price target of $41.
50.Get Our Latest Stock Report on HZOMarineMax Company Profile (Free Report)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.Featured StoriesFive stocks we like better than MarineMaxHow to Find Undervalued StocksJoby Aviation: Operational Momentum vs. Market SentimentGrowth Stocks: What They Are, Examples and How to InvestBroadcom’s Big Outperformance Shows Strength Amid Tariff DeclineWhat is diluted earnings per share (Diluted EPS)?Carvana: Can Turnaround Strength Outdrive Market Headwinds?Want to see what other hedge funds are holding HZO? Visit HoldingsChannel.
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