Peregrine Capital Management LLC Sells 2,707 Shares of MarineMax, Inc. (NYSE:HZO)

Peregrine Capital Management LLC decreased its holdings in MarineMax, Inc. (NYSE:HZO – Get Rating) by 1.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 249,568 shares of the specialty retailer’s stock after selling 2,707 shares during the period. Peregrine Capital Management LLC owned 1.14% of MarineMax worth $7,792,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE boosted its stake in shares of MarineMax by 149.0% in the first quarter. US Bancorp DE now owns 757 shares of the specialty retailer’s stock worth $30,000 after acquiring an additional 453 shares during the period. Amundi lifted its position in shares of MarineMax by 74.7% in the second quarter. Amundi now owns 1,385 shares of the specialty retailer’s stock worth $53,000 after buying an additional 592 shares in the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of MarineMax by 3,333.3% in the third quarter. Rockefeller Capital Management L.P. now owns 2,781 shares of the specialty retailer’s stock worth $82,000 after buying an additional 2,700 shares in the last quarter. Captrust Financial Advisors lifted its position in shares of MarineMax by 9.6% in the second quarter. Captrust Financial Advisors now owns 2,911 shares of the specialty retailer’s stock worth $105,000 after buying an additional 255 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC purchased a new stake in shares of MarineMax in the third quarter worth about $110,000. Institutional investors own 95.93% of the company’s stock.

Insider Buying and Selling

In related news, CAO Anthony E. Jr. Cassella sold 5,000 shares of the stock in a transaction that occurred on Wednesday, February 8th. The stock was sold at an average price of $31.02, for a total value of $155,100.00. Following the transaction, the chief accounting officer now owns 8,060 shares of the company’s stock, valued at $250,021.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other MarineMax news, CAO Anthony E. Jr. Cassella sold 5,000 shares of the stock in a transaction on Wednesday, February 8th. The stock was sold at an average price of $31.02, for a total transaction of $155,100.00. Following the sale, the chief accounting officer now owns 8,060 shares of the company’s stock, valued at approximately $250,021.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Charles A. Cashman sold 10,000 shares of the stock in a transaction on Friday, February 24th. The shares were sold at an average price of $34.92, for a total value of $349,200.00. Following the sale, the executive vice president now owns 35,499 shares of the company’s stock, valued at approximately $1,239,625.08. The disclosure for this sale can be found here. 3.30% of the stock is owned by insiders.

MarineMax Stock Down 6.2 %

Shares of NYSE:HZO opened at $26.79 on Friday. MarineMax, Inc. has a 52-week low of $26.78 and a 52-week high of $47.36. The stock has a market cap of $585.36 million, a P/E ratio of 3.28 and a beta of 1.48. The business’s 50 day moving average is $32.26 and its 200 day moving average is $31.86. The company has a quick ratio of 0.41, a current ratio of 1.35 and a debt-to-equity ratio of 0.51.

MarineMax (NYSE:HZO – Get Rating) last announced its quarterly earnings data on Thursday, January 26th. The specialty retailer reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.51 by ($0.27). MarineMax had a return on equity of 25.61% and a net margin of 7.76%. The firm had revenue of $507.90 million during the quarter, compared to the consensus estimate of $509.59 million. During the same period last year, the company earned $1.59 EPS. The firm’s revenue for the quarter was up 7.4% compared to the same quarter last year. Sell-side analysts predict that MarineMax, Inc. will post 6.81 EPS for the current year.

Wall Street Analysts Forecast Growth

HZO has been the topic of a number of research analyst reports. Raymond James decreased their target price on MarineMax from $55.00 to $40.00 and set an “outperform” rating on the stock in a research report on Friday, January 27th. DA Davidson decreased their target price on MarineMax from $44.00 to $42.00 and set a “buy” rating on the stock in a research report on Monday, January 30th. Citigroup decreased their target price on MarineMax from $39.00 to $35.00 and set a “neutral” rating on the stock in a research report on Friday, January 27th. Stifel Nicolaus assumed coverage on MarineMax in a research report on Wednesday, December 14th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, StockNews.com assumed coverage on MarineMax in a research report on Thursday. They set a “hold” rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $42.33.

About MarineMax

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MarineMax, Inc engages in the provision of boating-related activities. The firm sells used and new sport boats, sport cruisers, sport yachts and fishing boats through retail stores. It also provides maintenance, repair, slip and storage services. The company was founded in January 1998 and is headquartered in Clearwater, FL.