Impala Asset Management LLC boosted its position in shares of MarineMax, Inc. (NYSE:HZO) by 23.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,209,749 shares of the specialty retailer’s stock after buying an additional 413,990 shares during the period. MarineMax makes up approximately 1.6% of Impala Asset Management LLC’s investment portfolio, making the stock its 21st largest position. Impala Asset Management LLC owned about 9.31% of MarineMax worth $36,571,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Teachers Advisors LLC raised its holdings in MarineMax by 8.3% during the 1st quarter. Teachers Advisors LLC now owns 48,616 shares of the specialty retailer’s stock worth $1,053,000 after purchasing an additional 3,720 shares during the last quarter. Vanguard Group Inc. raised its holdings in MarineMax by 7.8% during the 1st quarter. Vanguard Group Inc. now owns 1,295,884 shares of the specialty retailer’s stock worth $28,055,000 after purchasing an additional 93,220 shares during the last quarter. Geode Capital Management LLC raised its holdings in MarineMax by 9.5% during the 1st quarter. Geode Capital Management LLC now owns 187,053 shares of the specialty retailer’s stock worth $4,049,000 after purchasing an additional 16,195 shares during the last quarter. UBS Group AG increased its stake in shares of MarineMax by 175.7% in the 1st quarter. UBS Group AG now owns 9,697 shares of the specialty retailer’s stock valued at $210,000 after acquiring an additional 6,180 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of MarineMax by 12.8% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 112,351 shares of the specialty retailer’s stock valued at $2,433,000 after acquiring an additional 12,730 shares in the last quarter. Hedge funds and other institutional investors own 98.81% of the company’s stock.
In related news, Chairman William H. Mcgill, Jr. sold 35,000 shares of the business’s stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $21.03, for a total value of $736,050.00. Following the sale, the chairman now directly owns 281,640 shares in the company, valued at approximately $5,922,889.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Hilliard M. Eure sold 2,500 shares of the business’s stock in a transaction dated Thursday, September 21st. The shares were 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 $224,000. The disclosure for this sale can be found here. Insiders sold a total of 101,900 shares of company stock worth $2,165,940 over the last three months. 5.00% of the stock is owned by insiders.
Several analysts have recently weighed in on HZO shares. B. Riley set a $20.00 price objective on shares of MarineMax and gave the company a “buy” rating in a research note on Wednesday, November 1st. Forward View lowered shares of MarineMax from a “buy” rating to a “hold” rating in a research note on Monday, October 30th. Craig Hallum set a $21.00 price objective on shares of MarineMax and gave the company a “buy” rating in a research note on Tuesday, October 31st. Citigroup lifted their price objective on shares of MarineMax from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, CL King assumed coverage on shares of MarineMax in a research report on Monday, November 13th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $21.67.
MarineMax, Inc. (NYSE:HZO) remained flat at $$21.40 on Tuesday. The company’s stock had a trading volume of 259,800 shares, compared to its average volume of 306,206. The stock has a market capitalization of $507.94, a PE ratio of 21.19, a P/E/G ratio of 0.61 and a beta of 1.04. MarineMax, Inc. has a 1 year low of $13.80 and a 1 year high of $23.65.
MarineMax (NYSE:HZO) last posted its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.11. The firm had revenue of $250.62 million for the quarter, compared to the consensus estimate of $231.96 million. MarineMax had a net margin of 2.24% and a return on equity of 7.82%. The business’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.18 EPS. equities analysts anticipate that MarineMax, Inc. will post 1.16 EPS for the current year.
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MarineMax Company Profile
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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