State of Tennessee Treasury Department trimmed its stake in MarineMax Inc (NYSE:HZO) by 12.6% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 19,227 shares of the specialty retailer’s stock after selling 2,781 shares during the quarter. State of Tennessee Treasury Department owned approximately 0.07% of MarineMax worth $363,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Boothbay Fund Management LLC bought a new stake in shares of MarineMax during the third quarter valued at about $182,000. Louisiana State Employees Retirement System bought a new stake in shares of MarineMax during the fourth quarter valued at about $193,000. BNP Paribas Arbitrage SA raised its stake in shares of MarineMax by 69.3% during the third quarter. BNP Paribas Arbitrage SA now owns 12,442 shares of the specialty retailer’s stock valued at $206,000 after purchasing an additional 5,094 shares in the last quarter. Crossmark Global Holdings Inc. bought a new stake in shares of MarineMax during the third quarter valued at about $232,000. Finally, PEAK6 Investments L.P. bought a new stake in shares of MarineMax during the third quarter valued at about $274,000. Institutional investors and hedge funds own 89.91% of the company’s stock.
HZO has been the topic of a number of recent analyst reports. Zacks Investment Research cut shares of MarineMax from a “buy” rating to a “hold” rating in a research note on Thursday, January 4th. TheStreet raised MarineMax from a “c+” rating to a “b” rating in a report on Thursday, December 7th. Northcoast Research set a $26.00 target price on MarineMax and gave the stock a “buy” rating in a report on Wednesday, January 24th. B. Riley reaffirmed a “buy” rating and set a $22.00 target price on shares of MarineMax in a report on Monday, January 22nd. Finally, CL King raised MarineMax from a “neutral” rating to a “buy” rating in a report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.00.
In related news, EVP Paulee C. Day sold 5,000 shares of MarineMax stock in a transaction dated Thursday, January 25th. The stock was sold at an average price of $24.16, for a total value of $120,800.00. Following the transaction, the executive vice president now owns 29,675 shares of the company’s stock, valued at approximately $716,948. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph Allen Watters sold 2,500 shares of MarineMax stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $21.20, for a total value of $53,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 67,500 shares of company stock worth $1,566,400. 4.40% of the stock is owned by corporate insiders.
MarineMax stock opened at $20.70 on Monday. The stock has a market capitalization of $550.14, a PE ratio of 18.32, a P/E/G ratio of 0.47 and a beta of 1.04. MarineMax Inc has a fifty-two week low of $13.80 and a fifty-two week high of $24.30.
MarineMax (NYSE:HZO) last released its earnings results on Wednesday, January 24th. The specialty retailer reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.24. The firm had revenue of $236.92 million for the quarter, compared to analyst estimates of $231.75 million. MarineMax had a return on equity of 8.63% and a net margin of 2.36%. MarineMax’s revenue was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.11 earnings per share. research analysts predict that MarineMax Inc will post 1.48 EPS for the current fiscal year.
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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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