Ameliora Wealth Management Ltd. Acquires Shares of 17,600 MarineMax, Inc. (NYSE:HZO)

Ameliora Wealth Management Ltd. bought a new position in MarineMax, Inc. (NYSE:HZO) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 17,600 shares of the specialty retailer’s stock, valued at approximately $510,000. Ameliora Wealth Management Ltd. owned about 0.08% of MarineMax as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in HZO. The Manufacturers Life Insurance Company increased its stake 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 worth $267,000 after acquiring an additional 408 shares during the last quarter. Bfsg LLC increased its position in shares of MarineMax by 19.1% during 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 during the last quarter. JPMorgan Chase & Co. raised its holdings in MarineMax by 8.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 11,705 shares of the specialty retailer’s stock valued at $413,000 after buying an additional 905 shares during the period. Empowered Funds LLC lifted its position in MarineMax by 5.3% in the third quarter. Empowered Funds LLC now owns 21,473 shares of the specialty retailer’s stock worth $757,000 after buying an additional 1,072 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in MarineMax by 7.0% during the third quarter. Janus Henderson Group PLC now owns 20,066 shares of the specialty retailer’s stock valued at $707,000 after acquiring an additional 1,319 shares during the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MarineMax

In other MarineMax news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the company’s 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 sale, the chief accounting officer now owns 11,451 shares in the company, valued at approximately $355,668.06. This represents a 25.89 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Clint Moore sold 4,100 shares of MarineMax stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $30.63, for a total transaction of $125,583.00. Following the transaction, the director now directly owns 23,560 shares of the company’s stock, valued at approximately $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. Company insiders own 4.00% of the company’s stock.

MarineMax Stock Down 0.3 %

HZO stock opened at $30.46 on Friday. The stock has a market capitalization of $691.66 million, a PE ratio of 12.80 and a beta of 1.91. MarineMax, Inc. has a 52 week low of $22.51 and a 52 week high of $38.20. The company has a quick ratio of 0.24, a current ratio of 1.19 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $29.53 and a 200 day moving average of $30.94.

MarineMax (NYSE:HZO) last posted its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 EPS for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a net margin of 2.33% and a return on equity of 4.96%. Sell-side analysts forecast that MarineMax, Inc. will post 2.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HZO. Benchmark reiterated a “buy” rating and issued a $40.00 price target on shares of MarineMax in a report on Friday, January 24th. StockNews.com upgraded MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Finally, DA Davidson cut their price target on shares of MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $41.50.

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.