MarineMax Inc. (HZO) Sees Unusually-High Trading Volume
MarineMax Inc. (NYSE:HZO) shares saw strong trading volume on Monday . 258,592 shares changed hands during trading, an increase of 15% from the previous session’s volume of 225,254 shares.The stock last traded at $19.85 and had previously closed at $19.39.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of MarineMax from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 6th. B. Riley restated a “buy” rating and issued a $25.00 price target on shares of MarineMax in a research report on Tuesday, April 26th. Finally, Forward View restated a “hold” rating on shares of MarineMax in a research report on Saturday, May 28th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $24.40.
The firm’s 50 day moving average is $17.48 and its 200-day moving average is $17.47. The company has a market capitalization of $477.24 million and a P/E ratio of 9.68.
MarineMax (NYSE:HZO) last released its quarterly earnings data on Tuesday, April 26th. The company reported $0.10 EPS for the quarter, topping the consensus estimate of $0.07 by $0.03. The business earned $200 million during the quarter, compared to the consensus estimate of $192.52 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. MarineMax’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities research analysts expect that MarineMax Inc. will post $0.79 earnings per share for the current fiscal year.
In other MarineMax news, EVP W Brett Mcgill sold 2,463 shares of the business’s stock in a transaction dated Wednesday, April 27th. The stock was sold at an average price of $20.12, for a total transaction of $49,555.56. Following the completion of the sale, the executive vice president now directly owns 8,540 shares in the company, valued at approximately $171,824.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO William H. Mcgill, Jr. sold 12,504 shares of the business’s stock in a transaction dated Wednesday, April 27th. The shares were sold at an average price of $20.12, for a total value of $251,580.48. Following the sale, the chief executive officer now owns 249,190 shares of the company’s stock, valued at $5,013,702.80. The disclosure for this sale can be found here.
An institutional investor recently raised its position in MarineMax stock. Victory Capital Management Inc. raised its position in MarineMax Inc. (NYSE:HZO) by 15.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 72,905 shares of the company’s stock after buying an additional 9,950 shares during the period. Victory Capital Management Inc. owned about 0.30% of MarineMax worth $1,343,000 as of its most recent filing with the SEC.
MarineMax, Inc is a recreational boat dealer in the United States. The Company engages in the retail sale, brokerage, and service of used boats, motors, trailers, marine parts and accessories and offers slip and storage accommodations in certain locations. It offers related boat financing, insurance and extended service contracts.
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