MarineMax, Inc. (HZO) Shares Bought by Impala Asset Management LLC
Impala Asset Management LLC boosted its position in MarineMax, Inc. (NYSE:HZO) by 18.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,795,759 shares of the specialty retailer’s stock after buying an additional 282,017 shares during the quarter. MarineMax makes up about 1.8% of Impala Asset Management LLC’s holdings, making the stock its 18th biggest position. Impala Asset Management LLC owned about 6.84% of MarineMax worth $35,107,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA grew its stake in MarineMax by 12.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,649 shares of the specialty retailer’s stock valued at $101,000 after buying an additional 498 shares during the last quarter. Globeflex Capital L P acquired a new position in MarineMax in the 1st quarter valued at $116,000. Mason Street Advisors LLC grew its stake in MarineMax by 5.2% in the 1st quarter. Mason Street Advisors LLC now owns 5,676 shares of the specialty retailer’s stock valued at $123,000 after buying an additional 282 shares during the last quarter. Municipal Employees Retirement System of Michigan grew its stake in MarineMax by 2.8% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 8,880 shares of the specialty retailer’s stock valued at $192,000 after buying an additional 240 shares during the last quarter. Finally, UBS Group AG grew its stake in MarineMax by 175.7% in the 1st quarter. UBS Group AG now owns 9,697 shares of the specialty retailer’s stock valued at $210,000 after buying an additional 6,180 shares during the last quarter. Institutional investors and hedge funds own 90.57% of the company’s stock.
A number of research analysts recently issued reports on the stock. Ifs Securities reiterated a “strong-buy” rating and issued a $20.00 target price on shares of MarineMax in a research note on Thursday, August 24th. Zacks Investment Research lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Friday, June 30th. BidaskClub lowered shares of MarineMax from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. TheStreet lowered shares of MarineMax from a “b” rating to a “c+” rating in a research note on Wednesday, July 26th. Finally, 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. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $22.86.
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Shares of MarineMax, Inc. (NYSE HZO) traded down 0.63% during mid-day trading on Friday, reaching $15.65. 134,392 shares of the company’s stock were exchanged. The stock has a market cap of $379.92 million, a price-to-earnings ratio of 15.65 and a beta of 1.00. MarineMax, Inc. has a 52-week low of $13.80 and a 52-week high of $23.65. The stock’s 50-day moving average is $15.54 and its 200-day moving average is $18.83.
MarineMax (NYSE:HZO) last released its quarterly earnings data on Thursday, July 20th. The specialty retailer reported $0.57 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.11). MarineMax had a net margin of 2.45% and a return on equity of 7.53%. The company had revenue of $329.80 million during the quarter, compared to analyst estimates of $383.01 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. MarineMax’s revenue for the quarter was down 4.6% on a year-over-year basis. On average, equities analysts expect that MarineMax, Inc. will post $0.98 EPS for the current year.
MarineMax declared that its board has approved a stock buyback plan on Wednesday, August 2nd that authorizes the company to repurchase 2,000,000 outstanding shares. This repurchase authorization authorizes the specialty retailer to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.
In other MarineMax news, Director Dean S. Woodman sold 2,500 shares of the company’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of $16.00, for a total value of $40,000.00. Following the transaction, the director now directly owns 14,693 shares in the company, valued at $235,088. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Dean S. Woodman sold 3,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $15.00, for a total transaction of $45,000.00. Following the completion of the transaction, the director now owns 15,193 shares in the company, valued at $227,895. The disclosure for this sale can be found here. 5.00% of the stock is owned by insiders.
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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