Frontier Capital Management Co. LLC reduced its position in MarineMax, Inc. (NYSE:HZO) by 1.0% during the fourth quarter, Holdings Channel reports. The fund owned 758,141 shares of the company’s stock after selling 7,393 shares during the period. Frontier Capital Management Co. LLC’s holdings in MarineMax were worth $14,670,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of HZO. Municipal Employees Retirement System of Michigan boosted its stake in shares of MarineMax by 1.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 5,400 shares of the company’s stock worth $113,000 after buying an additional 90 shares during the last quarter. Aperio Group LLC purchased a new stake in shares of MarineMax during the third quarter worth $223,000. First Trust Advisors LP purchased a new stake in shares of MarineMax during the third quarter worth $277,000. Bank of Montreal Can boosted its stake in shares of MarineMax by 71.0% in the third quarter. Bank of Montreal Can now owns 18,084 shares of the company’s stock worth $379,000 after buying an additional 7,509 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its stake in shares of MarineMax by 5.6% in the second quarter. ClariVest Asset Management LLC now owns 22,600 shares of the company’s stock worth $383,000 after buying an additional 1,200 shares during the last quarter. Institutional investors and hedge funds own 94.05% of the company’s stock.
Shares of MarineMax, Inc. (NYSE:HZO) traded up 0.23% during midday trading on Monday, reaching $21.60. 80,458 shares of the company’s stock traded hands. The stock has a market cap of $523.65 million, a price-to-earnings ratio of 21.84 and a beta of 0.91. The stock has a 50 day moving average of $19.66 and a 200-day moving average of $19.62. MarineMax, Inc. has a 52-week low of $14.99 and a 52-week high of $22.05.
MarineMax (NYSE:HZO) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.02) by $0.13. MarineMax had a return on equity of 7.78% and a net margin of 2.47%. The business had revenue of $226.90 million for the quarter, compared to the consensus estimate of $187.02 million. During the same period in the previous year, the business earned $0.03 earnings per share. The business’s revenue was up 33.8% on a year-over-year basis. On average, equities research analysts expect that MarineMax, Inc. will post $1.26 EPS for the current year.
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A number of brokerages recently issued reports on HZO. TheStreet raised shares of MarineMax from a “hold” rating to a “buy” rating in a research report on Monday, December 12th. B. Riley reaffirmed a “buy” rating and set a $26.00 target price on shares of MarineMax in a research report on Wednesday, January 25th. Forward View set a $25.00 target price on shares of MarineMax and gave the stock a “buy” rating in a research report on Wednesday, January 11th. SunTrust Banks, Inc. set a $24.00 target price on shares of MarineMax and gave the stock a “buy” rating in a research report on Wednesday, November 2nd. Finally, Citigroup Inc. began coverage on shares of MarineMax in a research report on Friday. They set a “buy” rating and a $26.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. MarineMax presently has a consensus rating of “Buy” and a consensus price target of $24.33.
In related news, EVP Charles A. Cashman sold 9,286 shares of the business’s stock in a transaction dated Wednesday, November 30th. The stock was sold at an average price of $18.66, for a total value of $173,276.76. Following the sale, the executive vice president now directly owns 6,712 shares in the company, valued at $125,245.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Hilliard M. Eure sold 9,000 shares of the business’s stock in a transaction dated Monday, December 5th. The stock was sold at an average price of $20.09, for a total value of $180,810.00. Following the completion of the sale, the director now owns 14,000 shares in the company, valued at $281,260. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.
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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