MarineMax (NYSE:HZO) was upgraded by analysts at CL King from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Thursday, MarketBeat.com reports.
A number of other brokerages have also recently commented on HZO. TheStreet raised MarineMax from a “c+” rating to a “b” rating in a research report on Thursday, December 7th. B. Riley set a $20.00 price target on MarineMax and gave the company a “buy” rating in a research report on Wednesday, November 1st. Forward View cut MarineMax from a “buy” rating to a “hold” rating in a research report on Monday, October 30th. Zacks Investment Research raised MarineMax from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday. Finally, Citigroup upped their price target on MarineMax from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $22.00.
Shares of MarineMax (NYSE:HZO) remained flat at $$23.80 during midday trading on Thursday. 516,919 shares of the company’s stock traded hands, compared to its average volume of 353,502. MarineMax has a 1 year low of $13.80 and a 1 year high of $24.30. The stock has a market cap of $630.71, a PE ratio of 23.11, a PEG ratio of 0.57 and a beta of 1.05.
In related news, Director Hilliard M. Eure sold 2,500 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $21.00, for a total transaction of $52,500.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Paulee C. Day sold 5,000 shares of the 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 sale, the executive vice president now directly owns 29,675 shares in the company, valued at approximately $716,948. The disclosure for this sale can be found here. Insiders have sold a total of 151,900 shares of company stock worth $3,384,240 in the last three months. 5.00% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Arbitrage SA lifted its holdings in MarineMax by 58.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,348 shares of the specialty retailer’s stock worth $144,000 after purchasing an additional 2,699 shares in the last quarter. Boothbay Fund Management LLC purchased a new stake in MarineMax during the 3rd quarter worth about $182,000. Louisiana State Employees Retirement System purchased a new stake in MarineMax during the 4th quarter worth about $193,000. CAPROCK Group Inc. purchased a new stake in MarineMax during the 3rd quarter worth about $213,000. Finally, Crossmark Global Holdings Inc. purchased a new stake in MarineMax during the 3rd quarter worth about $232,000. 88.85% of the stock is currently owned by institutional investors and hedge funds.
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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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