16,978 Shares in MarineMax Inc (HZO) Purchased by Campbell & CO Investment Adviser LLC
Campbell & CO Investment Adviser LLC purchased a new stake in MarineMax Inc (NYSE:HZO) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,978 shares of the specialty retailer’s stock, valued at approximately $361,000.
Several other hedge funds also recently bought and sold shares of the company. Louisiana State Employees Retirement System bought a new position in shares of MarineMax during the 2nd quarter worth approximately $190,000. Janney Montgomery Scott LLC boosted its holdings in shares of MarineMax by 12.3% during the 2nd quarter. Janney Montgomery Scott LLC now owns 33,984 shares of the specialty retailer’s stock worth $644,000 after buying an additional 3,722 shares in the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of MarineMax by 21.9% during the 2nd quarter. Hodges Capital Management Inc. now owns 128,000 shares of the specialty retailer’s stock worth $2,426,000 after buying an additional 23,000 shares in the last quarter. Algert Global LLC bought a new position in shares of MarineMax during the 2nd quarter worth approximately $734,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of MarineMax during the 2nd quarter worth approximately $285,000. Institutional investors and hedge funds own 92.87% of the company’s stock.
In related news, insider William H. Mcgill, Jr. sold 8,525 shares of the stock in a transaction on Tuesday, November 6th. The stock was sold at an average price of $26.06, for a total value of $222,161.50. Following the transaction, the insider now directly owns 269,515 shares in the company, valued at approximately $7,023,560.90. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Joseph Allen Watters sold 2,500 shares of the stock in a transaction on Monday, October 1st. The stock was sold at an average price of $21.17, for a total value of $52,925.00. Following the completion of the transaction, the director now owns 62,413 shares in the company, valued at $1,321,283.21. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,300 shares of company stock worth $3,324,713. 4.40% of the stock is owned by company insiders.
MarineMax (NYSE:HZO) last issued its earnings results on Tuesday, October 30th. The specialty retailer reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.22. MarineMax had a return on equity of 11.97% and a net margin of 3.34%. The company had revenue of $308.59 million for the quarter, compared to analysts’ expectations of $273.60 million. During the same period last year, the business earned $0.22 EPS. MarineMax’s quarterly revenue was up 23.1% compared to the same quarter last year. On average, analysts predict that MarineMax Inc will post 1.92 earnings per share for the current year.
A number of equities analysts have issued reports on the company. ValuEngine cut MarineMax from a “buy” rating to a “hold” rating in a report on Friday. Citigroup increased their price target on MarineMax from $23.00 to $31.00 and gave the stock a “buy” rating in a report on Tuesday, November 6th. Raymond James increased their price target on MarineMax from $24.00 to $28.00 and gave the stock a “strong-buy” rating in a report on Wednesday, October 31st. B. Riley increased their price target on MarineMax to $30.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Finally, Wedbush increased their price target on MarineMax from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Wednesday, October 31st. Four analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $27.00.
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MarineMax, Inc operates as a recreational boat and yacht retailer in the United States. It sells new and used recreational boats, including pleasure boats, such as sport boats, sport cruisers, sport yachts, and other yachts; motor yachts; convertible yachts; pleasure boats; pontoon boats; fishing boats; ski boats; and jet boats.
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