Man Group plc lifted its position in shares of MarineMax Inc (NYSE:HZO) by 245.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 97,047 shares of the specialty retailer’s stock after purchasing an additional 68,930 shares during the period. Man Group plc owned about 0.36% of MarineMax worth $2,063,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of HZO. Pacer Advisors Inc. acquired a new position in shares of MarineMax during the third quarter worth $105,000. SG Americas Securities LLC acquired a new position in shares of MarineMax during the third quarter worth $128,000. Globeflex Capital L P acquired a new position in shares of MarineMax during the third quarter worth $259,000. Campbell & CO Investment Adviser LLC acquired a new stake in MarineMax in the third quarter valued at $361,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in MarineMax in the third quarter valued at $407,000. 90.08% of the stock is currently owned by institutional investors and hedge funds.
HZO has been the topic of several recent analyst reports. Wedbush upped their price target on shares of MarineMax from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, October 31st. ValuEngine cut shares of MarineMax from a “buy” rating to a “hold” rating in a report on Friday, November 16th. Raymond James upped their price target on shares of MarineMax from $24.00 to $28.00 and gave the company a “strong-buy” rating in a report on Wednesday, October 31st. B. Riley upped their price target on shares of MarineMax to $30.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Finally, Zacks Investment Research raised shares of MarineMax from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. MarineMax currently has an average rating of “Buy” and a consensus price target of $27.00.
In other MarineMax news, CEO W Brett Mcgill sold 15,000 shares of the stock in a transaction on Monday, November 5th. The shares were sold at an average price of $25.81, for a total transaction of $387,150.00. Following the sale, the chief executive officer now directly owns 51,344 shares of the company’s stock, valued at $1,325,188.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Michael H. Mclamb sold 60,000 shares of the stock in a transaction on Monday, November 5th. The stock was sold at an average price of $23.95, for a total transaction of $1,437,000.00. Following the sale, the vice president now directly owns 151,818 shares in the company, valued at $3,636,041.10. The disclosure for this sale can be found here. Insiders have sold 142,800 shares of company stock worth $3,492,588 over the last three months. 3.50% of the stock is owned by corporate insiders.
Shares of NYSE:HZO opened at $20.58 on Friday. The firm has a market cap of $528.59 million, a price-to-earnings ratio of 12.10 and a beta of 1.00. MarineMax Inc has a 1-year low of $16.40 and a 1-year high of $26.11.
MarineMax (NYSE:HZO) last issued its earnings results on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.22. The company had revenue of $308.59 million for the quarter, compared to analysts’ expectations of $273.60 million. MarineMax had a net margin of 3.34% and a return on equity of 11.97%. The firm’s revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.22 earnings per share. Sell-side analysts anticipate that MarineMax Inc will post 1.92 EPS for the current fiscal year.
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MarineMax Company Profile
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. The company sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; fishing boats; motor and convertible yachts; pontoon boats; fishing boats; ski boats; and jet boats.
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