Alps Advisors Inc. bought a new stake in shares of MarineMax Inc (NYSE:HZO) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 35,535 shares of the specialty retailer’s stock, valued at approximately $651,000. Alps Advisors Inc. owned about 0.13% of MarineMax at the end of the most recent quarter.
Other hedge funds have also made changes to their positions in the company. Millennium Management LLC bought a new stake in MarineMax during the second quarter valued at $2,626,000. California Public Employees Retirement System boosted its position in shares of MarineMax by 13.5% during the 2nd quarter. California Public Employees Retirement System now owns 45,286 shares of the specialty retailer’s stock worth $858,000 after purchasing an additional 5,386 shares in the last quarter. Northern Trust Corp boosted its position in shares of MarineMax by 5.0% during the 2nd quarter. Northern Trust Corp now owns 281,124 shares of the specialty retailer’s stock worth $5,326,000 after purchasing an additional 13,370 shares in the last quarter. Victory Capital Management Inc. boosted its position in shares of MarineMax by 22.0% during the 3rd quarter. Victory Capital Management Inc. now owns 99,128 shares of the specialty retailer’s stock worth $2,107,000 after purchasing an additional 17,887 shares in the last quarter. Finally, Monarch Partners Asset Management LLC bought a new position in shares of MarineMax during the 3rd quarter worth about $3,037,000. 92.52% of the stock is owned by institutional investors and hedge funds.
HZO opened at $18.15 on Thursday. MarineMax Inc has a fifty-two week low of $16.40 and a fifty-two week high of $26.11. The stock has a market capitalization of $494.22 million, a P/E ratio of 10.68 and a beta of 0.84.
MarineMax (NYSE:HZO) last posted its earnings results on Wednesday, January 23rd. The specialty retailer reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.07. MarineMax had a net margin of 3.38% and a return on equity of 11.47%. The company had revenue of $241.90 million for the quarter, compared to analyst estimates of $252.03 million. During the same quarter in the prior year, the business posted $0.19 EPS. The firm’s revenue was up 2.1% compared to the same quarter last year. Analysts expect that MarineMax Inc will post 1.94 earnings per share for the current fiscal year.
HZO has been the topic of a number of research analyst reports. Raymond James increased their price objective on shares of MarineMax from $24.00 to $28.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, October 31st. TheStreet cut shares of MarineMax from a “b” rating to a “c+” rating in a research report on Wednesday, December 26th. B. Riley set a $30.00 price objective on shares of MarineMax and gave the stock a “buy” rating in a research report on Monday, December 3rd. Wedbush increased their price objective on shares of MarineMax from $21.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 31st. Finally, Craig Hallum set a $22.00 price objective on shares of MarineMax and gave the stock a “hold” rating in a research report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. MarineMax has an average rating of “Buy” and an average target price of $26.34.
In other MarineMax news, Director Joseph Allen Watters sold 10,000 shares of the stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $22.08, for a total value of $220,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 3.50% of the company’s stock.
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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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