MarineMax, Inc. (HZO) Chairman William H. Mcgill, Jr. Sells 35,000 Shares

MarineMax, Inc. (NYSE:HZO) Chairman William H. Mcgill, Jr. sold 35,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $22.03, for a total transaction of $771,050.00. Following the completion of the transaction, the chairman now directly owns 262,142 shares of the company’s stock, valued at approximately $5,774,988.26. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

MarineMax, Inc. (HZO) opened at $21.40 on Tuesday. MarineMax, Inc. has a 1-year low of $13.80 and a 1-year high of $23.65. The company has a market cap of $507.94, a PE ratio of 21.19, a price-to-earnings-growth ratio of 0.61 and a beta of 1.04.

MarineMax (NYSE:HZO) last released its quarterly earnings data on Tuesday, October 31st. The specialty retailer reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. MarineMax had a net margin of 2.24% and a return on equity of 7.82%. The business had revenue of $250.62 million during the quarter, compared to the consensus estimate of $231.96 million. During the same quarter in the prior year, the firm earned $0.18 EPS. The business’s revenue was up 10.2% on a year-over-year basis. equities analysts anticipate that MarineMax, Inc. will post 1.16 earnings per share for the current year.

Several brokerages recently weighed in on HZO. CL King began coverage on shares of MarineMax in a report on Monday, November 13th. They issued a “neutral” rating for the company. B. Riley upped their target price on shares of MarineMax from $19.75 to $22.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Craig Hallum set a $21.00 target price on shares of MarineMax and gave the stock a “buy” rating in a report on Tuesday, October 31st. Forward View downgraded shares of MarineMax from a “buy” rating to a “hold” rating in a report on Monday, October 30th. Finally, Citigroup increased their price objective on shares of MarineMax from $18.00 to $20.00 and gave the company a “buy” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. MarineMax presently has a consensus rating of “Buy” and a consensus target price of $21.67.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its holdings in shares of MarineMax by 58.1% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 7,348 shares of the specialty retailer’s stock valued at $144,000 after purchasing an additional 2,699 shares during the last quarter. UBS Group AG boosted its holdings in shares of MarineMax by 175.7% during the 1st quarter. UBS Group AG now owns 9,697 shares of the specialty retailer’s stock valued at $210,000 after purchasing an additional 6,180 shares during the last quarter. Boothbay Fund Management LLC bought a new position in shares of MarineMax during the 3rd quarter valued at about $182,000. Arizona State Retirement System raised its position in shares of MarineMax by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 12,722 shares of the specialty retailer’s stock valued at $249,000 after buying an additional 100 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new stake in shares of MarineMax during the 3rd quarter valued at about $213,000. 98.81% of the stock is owned by institutional investors and hedge funds.

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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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