Citadel Advisors LLC Boosts Position in MarineMax, Inc. (HZO)

Citadel Advisors LLC increased its holdings in MarineMax, Inc. (NYSE:HZO) by 82.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 27,555 shares of the specialty retailer’s stock after buying an additional 12,462 shares during the quarter. Citadel Advisors LLC owned 0.10% of MarineMax worth $538,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HZO. Thomson Horstmann & Bryant Inc. purchased a new position in shares of MarineMax in the second quarter worth approximately $6,165,000. Kennedy Capital Management Inc. boosted its holdings in shares of MarineMax by 855.1% in the second quarter. Kennedy Capital Management Inc. now owns 331,000 shares of the specialty retailer’s stock worth $6,471,000 after buying an additional 296,343 shares during the last quarter. Impala Asset Management LLC boosted its holdings in shares of MarineMax by 18.6% in the second quarter. Impala Asset Management LLC now owns 1,795,759 shares of the specialty retailer’s stock worth $35,107,000 after buying an additional 282,017 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of MarineMax by 4.6% in the second quarter. Eagle Asset Management Inc. now owns 3,330,527 shares of the specialty retailer’s stock worth $65,111,000 after buying an additional 146,127 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of MarineMax by 21.4% in the second quarter. American Century Companies Inc. now owns 796,961 shares of the specialty retailer’s stock worth $15,581,000 after buying an additional 140,288 shares during the last quarter. 90.57% of the stock is currently owned by institutional investors.

In other MarineMax news, Director Dean S. Woodman sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $15.00, for a total value of $45,000.00. Following the sale, the director now owns 15,193 shares in the company, valued at approximately $227,895. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Hilliard M. Eure sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $16.00, for a total value of $40,000.00. Following the completion of the sale, the director now owns 14,000 shares in the company, valued at approximately $224,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,500 shares of company stock worth $167,500. Insiders own 5.00% of the company’s stock.

A number of equities analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $20.00 price objective on shares of MarineMax in a report on Friday, July 21st. Ifs Securities reissued a “strong-buy” rating and issued a $20.00 price objective on shares of MarineMax in a report on Thursday, August 24th. TheStreet downgraded shares of MarineMax from a “b” rating to a “c+” rating in a report on Wednesday, July 26th. Citigroup Inc. raised their price objective on shares of MarineMax from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $21.79.

Shares of MarineMax, Inc. (NYSE:HZO) opened at 17.15 on Monday. The firm’s 50-day moving average is $16.00 and its 200-day moving average is $18.14. The company has a market cap of $416.33 million, a PE ratio of 17.15 and a beta of 0.97. MarineMax, Inc. has a 1-year low of $13.80 and a 1-year high of $23.65.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.11). MarineMax had a return on equity of 7.53% and a net margin of 2.45%. The company had revenue of $329.80 million during the quarter, compared to analysts’ expectations of $383.01 million. During the same quarter in the prior year, the company posted $0.57 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities analysts forecast that MarineMax, Inc. will post $0.92 earnings per share for the current fiscal year.

MarineMax announced that its board has approved a stock buyback program on Wednesday, August 2nd that authorizes the company to repurchase 2,000,000 outstanding shares. This repurchase authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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Several other institutional investors and hedge funds have also bought and sold shares of HZO. Thomson Horstmann & Bryant Inc. purchased a new position in shares of MarineMax in the second quarter worth approximately $6,165,000. Kennedy Capital Management Inc. boosted its holdings in shares of MarineMax by 855.1% in the second quarter. Kennedy Capital Management Inc. now owns 331,000 shares of the specialty retailer’s stock worth $6,471,000 after buying an additional 296,343 shares during the last quarter. Impala Asset Management LLC boosted its holdings in shares of MarineMax by 18.6% in the second quarter. Impala Asset Management LLC now owns 1,795,759 shares of the specialty retailer’s stock worth $35,107,000 after buying an additional 282,017 shares during the last quarter. Eagle Asset Management Inc. boosted its holdings in shares of MarineMax by 4.6% in the second quarter. Eagle Asset Management Inc. now owns 3,330,527 shares of the specialty retailer’s stock worth $65,111,000 after buying an additional 146,127 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of MarineMax by 21.4% in the second quarter. American Century Companies Inc. now owns 796,961 shares of the specialty retailer’s stock worth $15,581,000 after buying an additional 140,288 shares during the last quarter. 90.57% of the stock is currently owned by institutional investors.

In other MarineMax news, Director Dean S. Woodman sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $15.00, for a total value of $45,000.00. Following the sale, the director now owns 15,193 shares in the company, valued at approximately $227,895. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Hilliard M. Eure sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, September 21st. The stock was sold at an average price of $16.00, for a total value of $40,000.00. Following the completion of the sale, the director now owns 14,000 shares in the company, valued at approximately $224,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,500 shares of company stock worth $167,500. Insiders own 5.00% of the company’s stock.

A number of equities analysts recently issued reports on the stock. B. Riley reissued a “buy” rating and issued a $20.00 price objective on shares of MarineMax in a report on Friday, July 21st. Ifs Securities reissued a “strong-buy” rating and issued a $20.00 price objective on shares of MarineMax in a report on Thursday, August 24th. TheStreet downgraded shares of MarineMax from a “b” rating to a “c+” rating in a report on Wednesday, July 26th. Citigroup Inc. raised their price objective on shares of MarineMax from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Monday, October 2nd. Finally, BidaskClub downgraded shares of MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $21.79.

Shares of MarineMax, Inc. (NYSE:HZO) opened at 17.15 on Monday. The firm’s 50-day moving average is $16.00 and its 200-day moving average is $18.14. The company has a market cap of $416.33 million, a PE ratio of 17.15 and a beta of 0.97. MarineMax, Inc. has a 1-year low of $13.80 and a 1-year high of $23.65.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.11). MarineMax had a return on equity of 7.53% and a net margin of 2.45%. The company had revenue of $329.80 million during the quarter, compared to analysts’ expectations of $383.01 million. During the same quarter in the prior year, the company posted $0.57 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities analysts forecast that MarineMax, Inc. will post $0.92 earnings per share for the current fiscal year.

MarineMax announced that its board has approved a stock buyback program on Wednesday, August 2nd that authorizes the company to repurchase 2,000,000 outstanding shares. This repurchase authorization authorizes the specialty retailer to reacquire shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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About MarineMax

MarineMax, Inc is a recreational boat and yacht dealer in the United States. Through 56 retail locations in Alabama, California, Connecticut, Florida, Georgia, Maryland, Massachusetts, Minnesota, Missouri, New Jersey, New York, North Carolina, Ohio, Oklahoma, Rhode Island, and Texas, the Company sold new and used recreational boats, including pleasure and fishing boats, as of September 30, 2016.

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Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

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