Emerald Advisers Inc. PA held its stake in MarineMax Inc. (NYSE:HZO) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 597,976 shares of the company’s stock at the end of the second quarter. Emerald Advisers Inc. PA’s holdings in MarineMax were worth $10,148,000 as of its most recent filing with the SEC.
Other hedge funds have also recently bought and sold shares of the company. BNP Paribas Arbitrage SA raised its stake in MarineMax by 97.7% in the second quarter. BNP Paribas Arbitrage SA now owns 7,555 shares of the company’s stock worth $128,000 after buying an additional 3,733 shares in the last quarter. Bank of Montreal Can purchased a new stake in MarineMax during the second quarter worth $179,000. Louisiana State Employees Retirement System raised 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 worth $183,000 after buying an additional 100 shares in the last quarter. Friess Associates LLC purchased a new stake in MarineMax during the first quarter worth $613,000. Finally, Goldman Sachs Group Inc. raised its stake in MarineMax by 34.1% in the first quarter. Goldman Sachs Group Inc. now owns 42,966 shares of the company’s stock worth $836,000 after buying an additional 10,937 shares in the last quarter. Institutional investors own 96.25% of the company’s stock.
Shares of MarineMax Inc. (NYSE:HZO) traded down 1.08% during mid-day trading on Thursday, reaching $20.97. 202,292 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $19.97 and a 200 day moving average price of $18.64. MarineMax Inc. has a 12-month low of $13.56 and a 12-month high of $22.03. The firm has a market capitalization of $507.12 million, a price-to-earnings ratio of 10.36 and a beta of 1.32.
MarineMax (NYSE:HZO) last posted its earnings results on Tuesday, July 26th. The company reported $0.57 earnings per share 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 firm had revenue of $345.60 million for the quarter, compared to the consensus estimate of $268.34 million. During the same period in the previous year, the firm posted $0.52 EPS. The business’s quarterly revenue was up 49.1% on a year-over-year basis. Analysts anticipate that MarineMax Inc. will post $0.90 EPS for the current fiscal year.
A number of research firms have recently weighed in on HZO. B. Riley reiterated a “buy” rating and set a $22.50 target price on shares of MarineMax in a report on Monday, August 1st. Zacks Investment Research upgraded shares of MarineMax from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Wednesday, September 28th. Finally, Forward View upgraded shares of 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 a consensus rating of “Buy” and an average price target of $24.50.
In other news, VP Michael H. Mclamb sold 10,000 shares of the business’s stock in a transaction dated Friday, September 23rd. The shares were sold at an average price of $21.10, for a total value of $211,000.00. Following the sale, the vice president now directly owns 138,648 shares in the company, valued at approximately $2,925,472.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Michael H. Mclamb sold 8,221 shares of the business’s stock in a transaction dated Thursday, September 22nd. The stock was sold at an average price of $20.31, for a total transaction of $166,968.51. Following the completion of the sale, the vice president now owns 132,869 shares in the company, valued at $2,698,569.39. The disclosure for this sale can be found here. 5.00% of the stock is currently owned by insiders.
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.
Want to see what other hedge funds are holding HZO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MarineMax Inc. (NYSE:HZO).
Receive News & Ratings for MarineMax Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MarineMax Inc. and related companies with MarketBeat.com's FREE daily email newsletter.