WINTON GROUP Ltd grew its stake in shares of MarineMax Inc (NYSE:HZO) by 75.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 458,925 shares of the specialty retailer’s stock after buying an additional 197,449 shares during the period. WINTON GROUP Ltd owned approximately 1.70% of MarineMax worth $8,697,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Citadel Advisors LLC lifted its holdings in shares of MarineMax by 121.8% during the 2nd quarter. Citadel Advisors LLC now owns 100,684 shares of the specialty retailer’s stock valued at $1,908,000 after purchasing an additional 55,293 shares in the last quarter. Hodges Capital Management Inc. lifted its holdings in shares of MarineMax by 21.9% during the 2nd quarter. Hodges Capital Management Inc. now owns 128,000 shares of the specialty retailer’s stock valued at $2,426,000 after purchasing an additional 23,000 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of MarineMax during the 1st quarter valued at about $287,000. Trexquant Investment LP bought a new position in shares of MarineMax during the 2nd quarter valued at about $202,000. Finally, Swiss National Bank lifted its holdings in shares of MarineMax by 13.9% during the 2nd quarter. Swiss National Bank now owns 48,400 shares of the specialty retailer’s stock valued at $917,000 after purchasing an additional 5,900 shares in the last quarter. Hedge funds and other institutional investors own 89.20% of the company’s stock.
NYSE HZO traded up $0.20 during trading on Friday, hitting $19.98. The stock had a trading volume of 292,988 shares, compared to its average volume of 300,897. The stock has a market capitalization of $573.44 million, a price-to-earnings ratio of 19.98 and a beta of 1.30. MarineMax Inc has a 12 month low of $15.05 and a 12 month high of $25.05.
MarineMax (NYSE:HZO) last posted its earnings results on Thursday, July 26th. The specialty retailer reported $0.79 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.79. The business had revenue of $361.25 million for the quarter, compared to analyst estimates of $370.13 million. MarineMax had a return on equity of 10.83% and a net margin of 2.83%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.57 EPS. Sell-side analysts forecast that MarineMax Inc will post 1.51 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on HZO shares. Zacks Investment Research cut MarineMax from a “hold” rating to a “sell” rating in a report on Tuesday, July 31st. Citigroup cut their target price on MarineMax from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, August 15th. B. Riley upgraded MarineMax from a “neutral” rating to a “buy” rating and boosted their target price for the company from $23.50 to $27.00 in a research note on Friday, July 27th. Wedbush cut their target price on MarineMax from $24.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, July 27th. Finally, ValuEngine upgraded MarineMax from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $24.50.
In related news, Director Joseph Allen Watters sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $21.17, for a total transaction of $52,925.00. Following the transaction, the director now directly owns 62,413 shares of the company’s stock, valued at approximately $1,321,283.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.40% of the stock is currently owned by insiders.
MarineMax Company Profile
MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.
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