Spire Wealth Management grew its holdings in shares of MarineMax, Inc. (NYSE:HZO – Free Report) by 58.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,496 shares of the specialty retailer’s stock after purchasing an additional 551 shares during the period. Spire Wealth Management’s holdings in MarineMax were worth $49,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently bought and sold shares of HZO. Beacon Pointe Advisors LLC lifted its stake in MarineMax by 4.4% in the first quarter. Beacon Pointe Advisors LLC now owns 5,460 shares of the specialty retailer’s stock worth $220,000 after acquiring an additional 230 shares during the last quarter. Captrust Financial Advisors lifted its position in shares of MarineMax by 10.4% during the 2nd quarter. Captrust Financial Advisors now owns 2,931 shares of the specialty retailer’s stock worth $106,000 after purchasing an additional 275 shares during the last quarter. Rhumbline Advisers grew its stake in shares of MarineMax by 0.5% during the first quarter. Rhumbline Advisers now owns 66,536 shares of the specialty retailer’s stock worth $2,679,000 after purchasing an additional 315 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its holdings in MarineMax by 5.1% in the second quarter. Teachers Retirement System of The State of Kentucky now owns 7,767 shares of the specialty retailer’s stock valued at $265,000 after buying an additional 378 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in MarineMax by 8.9% in the second quarter. Osaic Holdings Inc. now owns 4,642 shares of the specialty retailer’s stock valued at $159,000 after buying an additional 379 shares in the last quarter. 93.80% of the stock is currently owned by hedge funds and other institutional investors.
MarineMax Price Performance
Shares of NYSE:HZO opened at $32.33 on Tuesday. MarineMax, Inc. has a one year low of $25.60 and a one year high of $42.88. The stock has a market capitalization of $720.96 million, a price-to-earnings ratio of 8.00 and a beta of 1.67. The company has a 50-day simple moving average of $34.07 and a 200-day simple moving average of $32.69. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.35 and a current ratio of 1.28.
Insiders Place Their Bets
In other news, EVP Charles A. Cashman sold 7,500 shares of MarineMax stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $29.76, for a total value of $223,200.00. Following the sale, the executive vice president now owns 63,981 shares of the company’s stock, valued at $1,904,074.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 4.00% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on HZO shares. StockNews.com cut MarineMax from a “hold” rating to a “sell” rating in a research report on Saturday, January 27th. Stifel Nicolaus reduced their price objective on shares of MarineMax from $46.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, October 24th. B. Riley raised shares of MarineMax from a “neutral” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Monday, October 23rd. Finally, Truist Financial boosted their price target on shares of MarineMax from $40.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $39.60.
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.
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