MarineMax Inc (HZO) COO Sells $212,600.00 in Stock

MarineMax Inc (NYSE:HZO) COO W Brett Mcgill sold 10,000 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $21.26, for a total value of $212,600.00. Following the sale, the chief operating officer now directly owns 11,866 shares in the company, valued at approximately $252,271.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Shares of MarineMax Inc (HZO) traded up $0.55 during mid-day trading on Monday, reaching $21.75. The company had a trading volume of 441,164 shares, compared to its average volume of 428,671. MarineMax Inc has a 12 month low of $13.80 and a 12 month high of $24.30. The company has a market capitalization of $563.42, a P/E ratio of 20.63, a P/E/G ratio of 0.48 and a beta of 0.98.

MarineMax (NYSE:HZO) last issued its quarterly earnings data on Wednesday, January 24th. The specialty retailer reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.24. The company had revenue of $236.92 million for the quarter, compared to the consensus estimate of $231.75 million. MarineMax had a return on equity of 8.63% and a net margin of 2.36%. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.11 earnings per share. equities analysts anticipate that MarineMax Inc will post 1.48 EPS for the current fiscal year.

A number of brokerages recently weighed in on HZO. CL King raised MarineMax from a “neutral” rating to a “buy” rating in a research report on Thursday, January 25th. TheStreet raised MarineMax from a “c+” rating to a “b” rating in a research report on Thursday, December 7th. Northcoast Research set a $26.00 price objective on MarineMax and gave the company a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised MarineMax from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Wednesday, January 24th. Finally, B. Riley reaffirmed a “buy” rating and set a $22.00 price objective on shares of MarineMax in a research report on Monday, January 22nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $22.00.

A number of hedge funds and other institutional investors have recently modified their holdings of HZO. Carillon Tower Advisers Inc. acquired a new stake in MarineMax in the fourth quarter worth about $33,908,000. Impala Asset Management LLC boosted its holdings in MarineMax by 23.1% in the third quarter. Impala Asset Management LLC now owns 2,209,749 shares of the specialty retailer’s stock worth $36,571,000 after acquiring an additional 413,990 shares in the last quarter. American Century Companies Inc. boosted its holdings in MarineMax by 51.7% in the third quarter. American Century Companies Inc. now owns 1,208,999 shares of the specialty retailer’s stock worth $20,009,000 after acquiring an additional 412,038 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in MarineMax in the third quarter worth about $4,065,000. Finally, Thomson Horstmann & Bryant Inc. boosted its holdings in MarineMax by 57.1% in the fourth quarter. Thomson Horstmann & Bryant Inc. now owns 617,054 shares of the specialty retailer’s stock worth $11,662,000 after acquiring an additional 224,397 shares in the last quarter. 85.14% of the stock is owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for MarineMax (NYSE:HZO)

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