Lawson Kroeker Investment Management Inc. NE Trims Holdings in MarineMax, Inc. (NYSE:HZO)

Lawson Kroeker Investment Management Inc. NE lessened its holdings in shares of MarineMax, Inc. (NYSE:HZO) by 5.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,769 shares of the specialty retailer’s stock after selling 7,575 shares during the period. Lawson Kroeker Investment Management Inc. NE’s holdings in MarineMax were worth $3,786,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in MarineMax during the 3rd quarter valued at approximately $67,000. Point72 Asset Management L.P. bought a new stake in MarineMax during the 3rd quarter valued at approximately $143,000. Bfsg LLC boosted its position in 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 acquiring an additional 681 shares in the last quarter. Systematic Financial Management LP bought a new stake in MarineMax during the 3rd quarter valued at approximately $183,000. Finally, James Investment Research Inc. bought a new stake in MarineMax during the 3rd quarter valued at approximately $203,000. 92.85% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on HZO shares. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of MarineMax in a research report on Friday, January 24th. StockNews.com raised MarineMax from a “sell” rating to a “hold” rating in a research report on Friday, January 24th. Finally, DA Davidson dropped their price target on MarineMax from $38.00 to $35.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, MarineMax currently has a consensus rating of “Moderate Buy” and an average target price of $41.50.

MarineMax Stock Performance

HZO stock opened at $29.26 on Thursday. The stock has a market capitalization of $663.93 million, a PE ratio of 17.73 and a beta of 1.89. MarineMax, Inc. has a 12-month low of $22.51 and a 12-month high of $38.20. The company has a current ratio of 1.19, a quick ratio of 0.34 and a debt-to-equity ratio of 0.36. The stock’s 50 day simple moving average is $29.67 and its 200 day simple moving average is $31.13.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, January 23rd. The specialty retailer reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.14) by $0.31. MarineMax had a return on equity of 5.09% and a net margin of 1.57%. As a group, research analysts forecast that MarineMax, Inc. will post 2.25 earnings per share for the current fiscal year.

Insider Buying and Selling at MarineMax

In other MarineMax news, CAO Anthony E. Jr. Cassella sold 4,000 shares of the business’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 11,451 shares in the company, valued at approximately $355,668.06. The trade was a 25.89 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Clint Moore sold 4,100 shares of the business’s stock in a transaction 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 sale, the director now owns 23,560 shares of the company’s stock, valued at approximately $721,642.80. This 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 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.