Teachers Retirement System of The State of Kentucky maintained its position in MarineMax, Inc. (NYSE:HZO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,800 shares of the specialty retailer’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in MarineMax were worth $299,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its position in MarineMax by 62.5% in the first quarter. Goldman Sachs Group Inc. now owns 84,106 shares of the specialty retailer’s stock valued at $1,821,000 after buying an additional 32,364 shares during the last quarter. Driehaus Capital Management LLC raised its position in MarineMax by 33.9% in the first quarter. Driehaus Capital Management LLC now owns 300,639 shares of the specialty retailer’s stock valued at $6,509,000 after buying an additional 76,070 shares during the last quarter. Credit Suisse AG raised its position in MarineMax by 11.3% in the first quarter. Credit Suisse AG now owns 44,011 shares of the specialty retailer’s stock valued at $953,000 after buying an additional 4,462 shares during the last quarter. State Street Corp raised its position in MarineMax by 6.7% in the first quarter. State Street Corp now owns 666,505 shares of the specialty retailer’s stock valued at $14,431,000 after buying an additional 41,706 shares during the last quarter. Finally, Bank of America Corp DE raised its position in MarineMax by 6.8% in the first quarter. Bank of America Corp DE now owns 252,705 shares of the specialty retailer’s stock valued at $5,470,000 after buying an additional 16,052 shares during the last quarter. Hedge funds and other institutional investors own 91.57% of the company’s stock.

Shares of MarineMax, Inc. (NYSE HZO) traded down 1.62% during midday trading on Wednesday, reaching $15.15. The company’s stock had a trading volume of 74,737 shares. The stock has a market capitalization of $367.78 million, a PE ratio of 15.15 and a beta of 1.00. The stock has a 50-day moving average price of $17.69 and a 200 day moving average price of $19.86. MarineMax, Inc. has a 52 week low of $13.80 and a 52 week high of $23.65.

MarineMax (NYSE:HZO) last released its earnings results on Thursday, July 20th. The specialty retailer reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by $0.11. MarineMax had a return on equity of 7.53% and a net margin of 2.45%. The firm had revenue of $329.80 million for the quarter, compared to analyst estimates of $383.01 million. During the same period last year, the business earned $0.57 earnings per share. The firm’s quarterly revenue was down 4.6% compared to the same quarter last year. Equities analysts forecast that MarineMax, Inc. will post $1.00 earnings per share for the current year.

MarineMax announced that its board has authorized a share repurchase program on Wednesday, August 2nd that permits the company to buyback 2,000,000 outstanding shares. This buyback authorization permits the specialty retailer to repurchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

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Several equities analysts recently commented on the company. TheStreet lowered MarineMax from a “b” rating to a “c+” rating in a research note on Wednesday, July 26th. BidaskClub lowered MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. B. Riley reiterated a “buy” rating and issued a $20.00 target price on shares of MarineMax in a research note on Friday, July 21st. Zacks Investment Research lowered MarineMax from a “hold” rating to a “sell” rating in a research note on Friday, June 30th. Finally, Citigroup Inc. restated a “buy” rating and set a $25.00 price target (down from $26.00) on shares of MarineMax in a research note on Monday, May 15th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $23.33.

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.

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Institutional Ownership by Quarter for MarineMax (NYSE:HZO)

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