Portolan Capital Management LLC Decreases Stock Holdings in MarineMax, Inc. (NYSE:HZO)

Portolan Capital Management LLC lessened its holdings in MarineMax, Inc. (NYSE:HZO) by 33.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,960 shares of the specialty retailer’s stock after selling 107,616 shares during the quarter. Portolan Capital Management LLC owned 0.93% of MarineMax worth $6,136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC lifted its position in shares of MarineMax by 211.6% during 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 during the last quarter. US Bancorp DE grew its holdings in shares of MarineMax by 49.6% during 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 purchased a new position in MarineMax in the 4th quarter worth approximately $113,000. Quantbot Technologies LP bought a new position in shares of MarineMax in the 4th quarter worth $129,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of MarineMax during the 4th quarter valued at $215,000. 92.85% of the stock is owned by hedge funds and other institutional investors.

MarineMax Price Performance

Shares of NYSE HZO opened at $18.84 on Monday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.19 and a quick ratio of 0.24. MarineMax, Inc. has a 1 year low of $17.61 and a 1 year high of $38.20. The company’s 50-day moving average is $24.31 and its 200 day moving average is $28.16. The stock has a market capitalization of $427.69 million, a P/E ratio of 7.91 and a beta of 1.83.

MarineMax (NYSE:HZO) last issued its quarterly earnings results on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 4.96% and a net margin of 2.33%. On average, sell-side analysts expect that MarineMax, Inc. will post 2.41 earnings per share for the current year.

Insider Transactions at MarineMax

In related news, Director Clint Moore sold 4,100 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $30.63, for a total transaction of $125,583.00. Following the sale, the director now directly 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were 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 of the company’s stock, valued at $355,668.06. The trade was a 25.89 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.00% of the company’s stock.

Analysts Set New Price Targets

HZO has been the topic of a number of research analyst reports. B. Riley raised MarineMax to a “strong-buy” rating in a research note on Wednesday, February 12th. DA Davidson cut their target price on MarineMax from $38.00 to $35.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Benchmark reissued a “buy” rating and set a $40.00 price target on shares of MarineMax in a research note on Friday, January 24th. Finally, StockNews.com raised shares of MarineMax from a “sell” rating to a “hold” rating in a research note on Friday, January 24th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $41.50.

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.