Peregrine Capital Management LLC Lowers Stock Holdings in MarineMax, Inc. $HZO

Peregrine Capital Management LLC reduced its position in shares of MarineMax, Inc. (NYSE:HZO) by 3.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 152,105 shares of the specialty retailer’s stock after selling 5,100 shares during the period. Peregrine Capital Management LLC’s holdings in MarineMax were worth $3,824,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of HZO. CenterBook Partners LP boosted its holdings in MarineMax by 155.8% in the first quarter. CenterBook Partners LP now owns 444,739 shares of the specialty retailer’s stock valued at $9,562,000 after purchasing an additional 270,859 shares during the period. Broad Bay Capital Management LP boosted its holdings in MarineMax by 22.6% in the first quarter. Broad Bay Capital Management LP now owns 843,756 shares of the specialty retailer’s stock valued at $18,141,000 after purchasing an additional 155,750 shares during the period. Interval Partners LP boosted its holdings in MarineMax by 181.2% in the first quarter. Interval Partners LP now owns 241,139 shares of the specialty retailer’s stock valued at $5,184,000 after purchasing an additional 155,382 shares during the period. Levin Capital Strategies L.P. boosted its holdings in MarineMax by 42.3% in the first quarter. Levin Capital Strategies L.P. now owns 508,287 shares of the specialty retailer’s stock valued at $10,928,000 after purchasing an additional 150,976 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in MarineMax by 69.3% in the first quarter. Goldman Sachs Group Inc. now owns 348,664 shares of the specialty retailer’s stock valued at $7,496,000 after purchasing an additional 142,775 shares during the period. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

MarineMax Stock Up 1.8%

Shares of NYSE HZO opened at $27.42 on Wednesday. The company has a market capitalization of $588.50 million, a price-to-earnings ratio of -20.46 and a beta of 1.53. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.21 and a quick ratio of 0.29. The business has a 50-day moving average of $26.17 and a two-hundred day moving average of $24.40. MarineMax, Inc. has a 1 year low of $16.85 and a 1 year high of $35.46.

Insider Transactions at MarineMax

In other MarineMax news, CEO W Brett Mcgill sold 60,000 shares of MarineMax stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $27.53, for a total transaction of $1,651,800.00. Following the completion of the sale, the chief executive officer directly owned 173,038 shares of the company’s stock, valued at $4,763,736.14. The trade was a 25.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Zacks Research lowered MarineMax from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. B. Riley reiterated a “buy” rating on shares of MarineMax in a report on Friday, July 25th. Wall Street Zen lowered MarineMax from a “hold” rating to a “sell” rating in a report on Saturday, July 26th. Truist Financial lifted their price target on MarineMax from $26.00 to $29.00 and gave the stock a “buy” rating in a report on Wednesday, October 15th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of MarineMax in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $34.00.

MarineMax 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.