ClariVest Asset Management LLC Has $383,000 Stake in MarineMax Inc. (HZO)
ClariVest Asset Management LLC increased its stake in shares of MarineMax Inc. (NYSE:HZO) by 5.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,600 shares of the company’s stock after buying an additional 1,200 shares during the period. ClariVest Asset Management LLC’s holdings in MarineMax were worth $383,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the stock. Redwood Investments LLC bought a new stake in shares of MarineMax during the second quarter valued at $3,247,000. Monarch Partners Asset Management LLC boosted its stake in shares of MarineMax by 62.2% in the second quarter. Monarch Partners Asset Management LLC now owns 196,295 shares of the company’s stock valued at $3,331,000 after buying an additional 75,295 shares in the last quarter. American Century Companies Inc. boosted its stake in MarineMax by 25.6% in the second quarter. American Century Companies Inc. now owns 439,429 shares of the company’s stock valued at $7,457,000 after buying an additional 89,518 shares during the period. Louisiana State Employees Retirement System boosted its stake in MarineMax by 0.9% in the second quarter. Louisiana State Employees Retirement System now owns 10,800 shares of the company’s stock valued at $183,000 after buying an additional 100 shares during the period. Finally, Bank of Montreal Can acquired a new stake in MarineMax during the second quarter valued at $179,000.
Shares of MarineMax Inc. (NYSE:HZO) traded down 0.77% on Monday, hitting $20.70. The stock had a trading volume of 114,213 shares. MarineMax Inc. has a 52-week low of $13.56 and a 52-week high of $22.03. The company has a 50-day moving average of $20.25 and a 200-day moving average of $18.73. The company has a market cap of $500.59 million, a P/E ratio of 10.22 and a beta of 1.32.
MarineMax (NYSE:HZO) last issued its quarterly earnings results on Tuesday, July 26th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.12. MarineMax had a net margin of 5.55% and a return on equity of 7.88%. The business had revenue of $345.60 million for the quarter, compared to analyst estimates of $268.34 million. During the same period in the previous year, the business posted $0.52 earnings per share. The business’s revenue was up 49.1% compared to the same quarter last year. On average, equities analysts anticipate that MarineMax Inc. will post $0.90 EPS for the current fiscal year.
Several equities research analysts have weighed in on HZO shares. Zacks Investment Research cut MarineMax from a “buy” rating to a “hold” rating in a report on Wednesday, June 22nd. B. Riley reiterated a “buy” rating and issued a $22.50 price objective on shares of MarineMax in a report on Wednesday, July 27th. Finally, Forward View upgraded MarineMax from a “hold” rating to a “buy” rating in a report on Thursday, July 28th. Five equities research analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of $24.50.
In related news, EVP W Brett Mcgill sold 10,000 shares of the business’s stock in a transaction dated Thursday, August 4th. The shares were sold at an average price of $20.05, for a total transaction of $200,500.00. Following the sale, the executive vice president now owns 18,930 shares of the company’s stock, valued at $379,546.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Anthony E. Jr. Cassella sold 7,499 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $21.50, for a total transaction of $161,228.50. The disclosure for this sale can be found here. Corporate insiders own 5.00% of the company’s stock.
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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